Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7220 122nd Ave Kenosha, WI 53142-7313

    • Commercial real estate
    • 68,841 SF
    • 2.87 lot acres
    OFF-MARKET
    Last Sale
    Jul 06, 2022
    $600,000
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0079420
    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

    • ATM / Atm
    • Rush Street Lounge / Bar & Pub
    • Best Western Executive Inn Kenosha/Pleasant Prairie / Hotel & Motel

    Property Details for 7220 122nd Ave

    Year built
    1988
    Lot size
    2.87 lot acres
    Property size
    68,841 SF
    Zone code
    B-2
    Property type
    Commercial real estate
    APN
    03-121-01-475-445
    APU
    312101475445

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $415,000
      ML approach
      $580,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kenosha
    County
    Kenosha
    State
    Wisconsin
    Longitude
    -87.9556
    Latitude
    42.5698
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-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
    $111,164
    $607,500
    $3,527,300
    $4,134,800
    -
    $886,238
    $5,145,723
    $6,031,961

    Comparable in this City

    • Value Estimation by Request
      1.29 Acres

      Wi-50

      Land • 1.29 Acres
      0 Wi-50, Kenosha, WI 53142
      View Details
    • Value Estimation by Request

      6125 Grn Bay Rd, Unit 351

      COMMERCIAL (GENERAL)
      6125 Grn Bay Rd, Kenosha, WI 53142-2928
      View Details
    • Value Estimation by Request
      8.99 Acres

      13702 104th St

      COMMERCIAL (GENERAL) • 8.99 Acres
      13702 104th St, Kenosha, WI 53142-7328
      View Details
    • Value Estimation
      $530,000
      3,572 SF

      12700 120th Ave

      COMMERCIAL (GENERAL) • 3,572 SF
      12700 120th Ave, Kenosha, WI 53142
      View Details
    • Value Estimation by Request
      1,829 SF

      6003 120th Ave

      COMMERCIAL (GENERAL) • 1,829 SF
      6003 120th Ave, Kenosha, WI 53142-7356
      View Details
    • Value Estimation by Request
      1,648 SF

      6032 40th Ave

      COMMERCIAL (GENERAL) • 1,648 SF
      6032 40th Ave, Kenosha, WI 53142-7018
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,400 SF

      Kenosha Commercial Space - High Visibility

      Prime Kenosha location, 1400 sq ft, high traffic.
      7539 39Th Ave, Kenosha, WI 53142
      View Details
    • Contact for pricing
      1.29 Acres

      Kenosha Commercial Land - Highway 50

      Prime 1.29-acre outlot near Best Buy.
      0 Wi-50, Kenosha, WI 53142
      View Details
    • $900,000
      1.53 Acres

      Prime Kenosha County Commercial Land

      1.53 Acres, B-Zoned, $900,000
      12435 75Th St, Kenosha, WI 53142
      View Details
    • $598,908
      1.12 Acres

      High-Traffic Kenosha Commercial Land

      1.12 Acres, Ideal Retail Site
      6110 Green Bay Rd, Kenosha, WI 53142
      View Details
    • Contact for pricing
      11,664 SF

      Kenosha Warehouse/Showroom For Lease

      Large Warehouse, Showroom, Great Location
      7650 75Th St, Kenosha, WI 53142
      View Details
    • $399,900
      2,356 SF

      Kenosha Office Building - Prime Location

      High-Visibility Office Building, Ample Parking
      3636 80Th St, Kenosha, WI 53142
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,500 SF

      Freestanding Retail Building on Green Bay

      High-visibility retail or restaurant space in Kenosha's commercial corridor.
      7120 Green Bay Rd, Kenosha, WI 53142
      View Details
    • New
      $1,000 /Mo
      600 SF

      Retail Space in High-Traffic Area

      Prime retail space in Kenosha with high visibility and recent upgrades.
      5606 75Th St, Kenosha, WI 53142
      View Details
    • $30 SF/Yr
      1,884 SF

      Kenosha Medical Office Space For Lease

      Prime Medical/Retail Space Available in Kenosha, WI
      6525 Green Bay Rd, Kenosha, WI 53142
      View Details
    • $10 SF/Yr
      22,572 SF

      Kenosha Retail Strip Center

      High-traffic location, space available
      5741 75Th St, Kenosha, WI 53142
      View Details
    • $550 /Mo
      121 SF

      Professional Office Spaces in Kenosha

      Class A office spaces with 24/7 access in high-traffic area.
      6300 76Th St, Kenosha, WI 53142
      View Details
    • Contact for pricing
      87,663 SF

      Kenosha Retail Center - Prime Location

      Large Retail Space, High Visibility, 7.8 Acres
      6802 118Th Ave, Kenosha, WI 53142
      View Details

    Property Visit Statistics

    • Visits by month
      109.4k
    • Visitors by month
      72.2k
    • Avg Time on site
      10 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7220 122nd Ave
    Kenosha, WI 53142-7313
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.