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Property profile & analytics
OFF-MARKET
Estimated value
$3,370,000
Commercial real estate
9401 Frst Home Ave Hales Corners, WI 53130-1611
Entity Owned
2-yr Hold
Free & Clear
Property ID
US92-0735957
Property summary
AI-generated overview
This exceptional 0.23-acre parcel of land, located at 9401 W Forest Home Avenue in Hales Corners, Wisconsin, presents a compelling redevelopment opportunity. Situated in Milwaukee County, zip code 53130, this property boasts a B-4: Office & Professional zoning designation, opening doors to a variety of development possibilities. The APN is 6539969001. This prime location offers significant potential for investors seeking a high-growth market. The property is part of a larger portfolio of three vacant land parcels, currently offered for sale as a package for a total price of $300,000. Detailed financial information regarding existing income potential is available upon execution of a non-disclosure agreement. This is an excellent chance to acquire a strategically located land asset in a thriving area. The property's latitude and longitude coordinates are 42.948407 and -88.030011 respectively. Serious inquiries are encouraged to explore this unique investment opportunity further. The property is being sold as a package with two other parcels.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.23 ac (10,019 SF)
APN
653-9969-001
UPID
US92-0735957
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.37M
Owner & transaction history
State Of Wisconsin Department Of Tr · 2 yrs held
State Of Wisconsin Department Of Tr
since 2024
Last sale
$3.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hales Corners submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hales Corners submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,200,000
ML approach
$3,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.37M
Range $3.03M – $3.71M · ±10% · vs last sale $3.50M (May 25 2023)
Last sale anchor
$3.50M
May 25 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,160
Tax year 2022
Assessed value
$50,000
Assessed 2022
Previous assessed
$50,000
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$50,000
Total market value
$53,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
0.23 ac (10,019 SF)
APN
653-9969-001
UPID
US92-0735957
Jurisdiction
MILWAUKEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.23 ac
Current owner
From public records · entity-resolved
State Of Wisconsin Department Of Tr
Entity
Free & Clear · 2 yrs held
Mailing address
5300 S 108TH ST STE 1ST HALES CORNERS
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2024
—
State Of Wisconsin Department Of Tr
Wisconsin Electric Power Company
Quit Claim Deed
related
—
May 25, 2023
$3,500,000
9415 Forest Home LLC
Valley View Center LLC
Warranty Deed
—
Jan 23, 2014
$330,000
Valley View Center LLC
9401 West Forest Home Avenue LLC
Warranty Deed
$96,000 · Associated Bank NA
Apr 25, 2012
—
Don Management LLC
—
Deed Of Trust
related
$17,909,680 · Waterstone Bank
Nov 24, 2009
—
9401 West Forest Hm Avenue LLC
Kitten,donald R
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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