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    Property profile & analytics

    4777 27Th St Greenfield, WI 53221

    • Commercial real estate
    • 130,723 SF
    • 12.94 lot acres
    For Lease
    View listing
    Last Sale
    Jan 04, 2023
    $22,336,200
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0484764
    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 4777 27Th St

    Lot size
    12.94 lot acres
    Property size
    130,723 SF
    Property type
    Commercial real estate
    APN
    622-9988-016
    APU
    6229988016

    Description

    This exceptional retail property, located at 4777 S 27th St in Greenfield, Wisconsin (zip code 53221), offers a substantial 113,747 square feet of space. The property is currently configured as a big-box retail center and features a significant existing lease with a prominent tenant. A portion of the space (10,000 square feet) is currently occupied by a Dollar Tree store under a separate lease agreement. The remaining space was previously occupied by a Festival Foods grocery store, which opened in 2021 following a complete remodel. The property's ownership is open to various transaction structures, including a sale of the entire property, a lease of the entire property, or a lease of the former Festival Foods space as a single-tenant occupancy. The substantial existing lease on the former Festival Foods space presents a unique opportunity for investors and tenants alike. This high-visibility location in Milwaukee County offers excellent access and high traffic volume, making it an ideal location for a variety of retail businesses. The property's size and configuration provide ample space for a wide range of retail uses. Serious inquiries are encouraged to explore the various options available for this prime retail opportunity. The property is situated at latitude 42.95710521559431 and longitude -87.9511540864163.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Greenfield
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.9512
    Latitude
    42.9568
    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
    2022
    $251,394
    $4,509,300
    $4,480,900
    $8,990,200
    -
    $0.00
    $0.00
    $12,101,500

    Comparable in this City

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    • Value Estimation
      $475,000
      5.29 Acres

      6205 27th St

      COMMERCIAL (GENERAL) • 5.29 Acres
      6205 27th St, Greenfield, WI 53221-4838
      View Details
    • Value Estimation
      $500,000
      11.46 Acres

      4241 27th St

      COMMERCIAL (GENERAL) • 11.46 Acres
      4241 27th St, Greenfield, WI 53221-1831
      View Details
    • Value Estimation
      $410,000
      10.77 Acres

      4595 27th St

      COMMERCIAL (GENERAL) • 10.77 Acres
      4595 27th St, Greenfield, WI 53221
      View Details
    • Value Estimation
      $380,000
      0.91 Acres

      3390 Loomis Rd

      COMMERCIAL (GENERAL) • 0.91 Acres
      3390 Loomis Rd, Milwaukee, WI 53221-1129
      View Details
    • Value Estimation
      $390,000
      2.34 Acres

      4000 Layton Ave

      COMMERCIAL (GENERAL) • 2.34 Acres
      4000 Layton Ave, Greenfield, WI 53221
      View Details

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      113,747 SF

      Greenfield Retail Center - WI

      High-traffic retail space, lease or sale.
      4777 27Th St, Greenfield, WI 53221
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    • $3,249,000

      Retail Property for Sale

      Retail property available for purchase in Milwaukee, Wisconsin.
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      113 SF

      Former Grocery Store Available

      113,747 SF building, formerly a Festival Foods store.
      4777 South 27Th St, Milwaukee, WI 53221
      View Details

    Similar Nearby for Lease

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      113,747 SF

      Greenfield Big Box Retail Space

      High-traffic location, 113,747 SF.
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      3,600 SF

      Retail Space in High-Traffic Area

      Retail space available in established commercial corridor with high visibility.
      3545-3557 S 27Th St, Milwaukee, WI 53221
      View Details
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    4777 27Th St
    Greenfield, WI 53221
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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