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    Property profile & analytics

    242 Smt Ave Wales, WI 53183-9426

    • Commercial real estate
    • 0.94 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US92-0806743
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 242 Smt Ave

    Lot size
    0.94 lot acres
    Zone code
    B
    Property type
    Commercial real estate
    APN
    WLSV1454976
    APU
    WLSV1454976

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wales
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.3826
    Latitude
    43.0129
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,467
    $465,000
    $521,900
    $986,900
    -
    $0.00
    $0.00
    $1,146,200

    Comparable in this City

    • Value Estimation by Request
      0.27 Acres

      Wales, WI 53183

      COMMERCIAL (GENERAL) • 0.27 Acres
      Wales, WI 53183
      View Details
    • Value Estimation by Request
      183.31 Acres

      1 Legend Way

      COMMERCIAL (GENERAL) • 183.31 Acres
      1 Legend Way, Wales, WI 53183-9538
      View Details
    • Value Estimation by Request
      1,200 SF

      Highways 18 & 83

      Individual retail properties • 1,200 SF
      0 Highways 18 & 83, Wales, WI 53183
      View Details
    • Value Estimation
      $310,000
      2.02 Acres

      308 Oak Crst Dr

      COMMERCIAL (GENERAL) • 2.02 Acres
      308 Oak Crst Dr, Wales, WI 53183-9421
      View Details
    • Value Estimation by Request
      1.56 Acres

      450 Wales Rd

      COMMERCIAL (GENERAL) • 1.56 Acres
      450 Wales Rd, Wales, WI 53183-9440
      View Details
    • Value Estimation
      $325,000
      0.77 Acres

      219 Smt Ave

      COMMERCIAL (GENERAL) • 0.77 Acres
      219 Smt Ave, Wales, WI 53183-9405
      View Details

    Similar Nearby for Sale

    • $639,900

      Updated Duplex on Large Lot

      Updated duplex on 1.7 acres near amenities and restaurants.
      108-110 E Oak Crst Ln, Wales, WI 53183
      View Details
    • $249,900
      1.00 Acre

      Wooded Lot in Whistling Pines

      One-acre wooded corner lot ready for your dream home.
      902 Meyers Ct, Wales, WI 53183
      View Details
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    242 Smt Ave
    Wales, WI 53183-9426
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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