5005 Loomis Rd, Greenfield, WI 53220-5053
- Commercial real estate
- 7,976 SF
- 0.64 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5005 Loomis Rd
- Lot size
- 0.64 lot acres
- Property type
- Commercial real estate
- APN
- 647-9977-002
- APU
- 6479977002
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 16, 2026 | $1,500,000 | Kingfisher Investments I LLC | Cody Properties LLC | Warranty Deed | $743k · First Citizens Bank & Trust Co |
| Dec 27, 2024 | — | Timothy F Starr | Linda Winans | Deed | — |
| — | — | Starr,r L Trust | — | Deed Of Trust · related | $250k · Us Bk |
| — | — | Starr Robert L Trust | — | Deed Of Trust · related | $60k · M & I Marshall & Isley Bank |
Description
This exceptional investment opportunity presents a 10,023-square-foot multi-tenant office building situated on a high-traffic intersection in Greenfield, Wisconsin. The property, located at 5005 W Loomis Rd, boasts convenient access to major freeways, placing it minutes from downtown Milwaukee. The 1.5-acre site includes two lots and offers numerous ingress/egress points on Edgerton and Loomis Roads, ensuring easy accessibility for tenants and customers. With a daily traffic count of 25,200 vehicles, this location is highly visible and attractive to businesses. The property's current income stream makes it an ideal value-add opportunity for an investor seeking to capitalize on the strong demand in the area. Recent development in the region underscores the desirability of this location. The existing building presents a prime redevelopment opportunity, allowing for significant potential to increase value and rental income. This property is perfect for an owner-occupant or an investor looking for a strong return on investment in a thriving market. The property is zoned for office use and offers significant potential for future development. The asking price is $1,350,000.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,635,000
- 6.5%
- $1,510,000
- 7%
- $1,400,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,427,000
Market price range: $986k - $2.85M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,490,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,560,000 Change: +5% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Greenfield
- County
- Milwaukee
- State
- Wisconsin
- Longitude
- -87.9772
- Latitude
- 42.9518
- CBSA code
- 33340
- CBSA name
- MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
