Add Listing
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

    8690 27Th St Oak Creek, WI 53154

    • Commercial real estate
    • 1.81 lot acres
    For Sale
    View listing
    $699,000
    Last Sale
    Jul 22, 2020
    $150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0023680
    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 8690 27Th St

    Lot size
    1.81 lot acres
    Property type
    Commercial real estate
    APN
    831-0224-000
    APU
    8310224000

    Description

    This exceptional 1.8-acre commercial land parcel, located at 8690 S 27th Street in Oak Creek, Wisconsin, presents a compelling development opportunity. Zoned B-4, this property boasts high visibility with approximately 12,800 cars passing daily, according to the Wisconsin Department of Transportation data. Its strategic location offers convenient access to major transportation arteries, being within approximately 1.8 miles of the I-43/I-94/41 interchange. The property sits on a corner lot at a lighted intersection, ensuring maximum exposure for any future development. The asking price is $699,000. The parcel's size provides ample space for a variety of commercial ventures. Proximity to Drexel Town Square provides access to established retail and residential areas, enhancing the property's potential. The property's APN is 8310224000. This is a rare opportunity to acquire a well-situated commercial lot in a thriving area of Milwaukee County, Wisconsin, with a 53154 zip code. The property's latitude and longitude coordinates are 42.8643354 and -87.913867 respectively.

    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
    Oak Creek
    County
    Milwaukee
    State
    Wisconsin
    Longitude
    -87.95
    Latitude
    42.8878
    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
    $6,502
    $322,600
    $14,600
    $337,200
    -
    $0.00
    $0.00
    $355,900

    Comparable in this City

    • Value Estimation by Request
      3.01 Acres

      7909 13Th St

      Land • 3.01 Acres
      7909 13Th St, Oak Creek, WI 53154
      View Details
    • Value Estimation by Request
      2.44 Acres

      140 Town Sq Way

      COMMERCIAL (GENERAL) • 2.44 Acres
      140 Town Sq Way, Oak Creek, WI 53154-6811
      View Details
    • Value Estimation by Request
      0.79 Acres

      275 Drexel Ave, Unit R

      COMMERCIAL (GENERAL) • 0.79 Acres
      275 Drexel Ave, Oak Creek, WI 53154-2124
      View Details
    • Value Estimation by Request
      2.76 Acres

      813 R W College Ave

      COMMERCIAL (GENERAL) • 2.76 Acres
      813 R W College Ave, Oak Creek, WI 53154
      View Details
    • Value Estimation
      $520,000
      8.74 Acres

      102 Oakview Pkwy

      COMMERCIAL (GENERAL) • 8.74 Acres
      102 Oakview Pkwy, Oak Creek, WI 53154-7214
      View Details
    • Value Estimation by Request
      5.95 Acres

      7200 10th St

      COMMERCIAL (GENERAL) • 5.95 Acres
      7200 10th St, Oak Creek, WI 53154-1904
      View Details

    Similar Nearby for Sale

    • $499,500
      13.69 Acres

      Oak Creek Vacant Land

      Almost 14 acres in Oak Creek, Wisconsin, for residential development.
      7300 S Delaine Dr, Oak Creek, WI 53154
      View Details
    • New
      $95,900
      0.10 Acres

      Residential Lot in Lakeshore Commons

      Vacant lot in Oak Creek's Lakeshore Commons community.
      9453 S Cypress Pl, Oak Creek, WI 53154
      View Details
    • $349,900
      0.16 Acres

      Residential Lot in Lakeshore Commons

      Vacant lot in Oak Creek's premier community with amenities.
      9407 S Lake Vista Pkwy, Oak Creek, WI 53154
      View Details
    • $975,000
      23.19 Acres

      Oak Creek Commercial Land - 23 Acres

      Prime 23-acre development site in Oak Creek, WI.
      9667 Chicago Rd, Oak Creek, WI 53154
      View Details
    • Contact for pricing
      4.15 Acres

      Oak Creek Residential Land Development

      4.15 Acres, Multi-Family Potential
      8088 27Th St, Oak Creek, WI 53154
      View Details
    • $659,900
      4.02 Acres

      Oak Creek Development Opportunity

      4+ acre vacant land in Oak Creek, Wisconsin for sale.
      170 W Ryan Rd, Oak Creek, WI 53154
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,820 SF

      Flex Space with Warehouse Component

      Flex space featuring office and warehouse areas with drive-in door.
      140 E Rawson Ave, Oak Creek, WI 53154
      View Details
    • Contact for pricing
      133,412 SF

      Oak Creek Warehouse Space Available

      Industrial warehouse space with convenient access to I-41.
      7350 S 13Th St, Oak Creek, WI 53154
      View Details
    • $8 SF/Yr
      24,080 SF

      Oak Creek Warehouse Space For Lease

      Modern warehouse, 5,426 sq ft available.
      440 Bell Ct, Oak Creek, WI 53154
      View Details
    • Contact for pricing
      62,963 SF

      Former Grocery Store Available

      Former grocery store available for rent in Oak Creek, WI.
      2320-2400 W Ryan Rd, Oak Creek, WI 53154
      View Details
    • $6 SF/Yr
      40,700 SF

      Remodeled Space Near Transportation Hubs

      Recently updated commercial space on bus line, near transportation.
      7616 S 6Th St, Oak Creek, WI 53154
      View Details
    • $3 SF/Yr
      71,888 SF

      Functional Warehouse/Production Space Available

      Divisible warehouse/production space with excellent highway access and full amenities.
      7300 S 10Th St, Oak Creek, WI 53154
      View Details
    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.
    8690 27Th St
    Oak Creek, WI 53154
    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.
    Sign Up Successful!
    You now have access to more from Realmo!