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    Property profile & analytics

    423 Centralia St Elkhorn, WI 53121-2005

    • Industrial properties
    • 1.13 lot acres
    OFF-MARKET
    Value Estimation
    $590,000
    Last Sale
    Jun 24, 2025
    $650,000
    Location Intelligence
    Property ID
    US92-3263408
    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

    • West Side Machine Tool Co / Machine Shop
    • Instrument Innovations - Westside Machine Tool Div JVisual Packaging / Manufacturer

    Property Details for 423 Centralia St

    Lot size
    1.13 lot acres
    Property type
    Industrial properties
    APN
    YV SE 00009F
    APU
    YVSE00009F

    Description

    This exceptional commercial property, located at 423 E Centralia Street in Elkhorn, Wisconsin, presents a rare opportunity in the desirable business park district. The building encompasses approximately 16,625 square feet, strategically divided into a substantial warehouse area of roughly 15,425 square feet and a convenient 1,200 square feet of office space. The warehouse boasts excellent functionality with two dock-high doors and three drive-in doors, ensuring efficient loading and unloading of goods. The clear height within the warehouse is a generous 10 feet, providing ample vertical space for storage and operations. Situated on a 1.13-acre lot, the property offers ample room for expansion or outdoor storage. A key advantage is its proximity to Interstate 43, located approximately one mile away, providing unparalleled access to major transportation routes and enhancing logistical efficiency. This property is available for both sale and lease, making it a versatile option for a variety of businesses seeking a well-equipped and strategically located facility in Elkhorn, Wisconsin. The combination of size, features, and location makes this an exceptional investment opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $580,000

    • CAP approach

      CAP return
      Estimation
      6%
      $615,000
      6.5%
      $605,000
      7%
      $685,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $600,000
      Geo Method
      $575,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $735,000
      Retail
      $705,000
      Mixed-Use
      $755,000
      Hospitality
      $645,000
      Educational
      $570,000
      Residential Income
      $665,000
      Energy
      $565,000
      Income-Based Land
      $600,000
      Food Service
      $595,000

    Location Insight

    • Map
    • Local Demand
    City
    Elkhorn
    County
    Walworth
    State
    Wisconsin
    Longitude
    -88.5364
    Latitude
    42.6658
    CBSA code
    48580
    CBSA name
    WHITEWATER, WI MICROPOLITAN 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
    $6,039
    $52,600
    $332,900
    $385,500
    -
    $54,957
    $347,820
    $402,777

    Comparable in this City

    • Value Estimation by Request
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      5.52 Acres

      530 County Rd H H

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      INDUSTRIAL (GENERAL) • 36.25 Acres
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      1.54 Acres

      Seymour Ct

      Land • 1.54 Acres
      0 Seymour Ct, Elkhorn, WI 53121
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    423 Centralia St
    Elkhorn, WI 53121-2005
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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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