701 Capitol DrHartland, WI 53029

Property Details for 701 Capitol Dr

Lot size

33.44 AC

Zone code

C

Property type

Commercial real estate

APN

HAV 0730987

APU

HAV0730987

Description

This exceptional 2.2-acre commercial land parcel, located at 701 W Capitol Dr in Hartland, Wisconsin (zip code 53029), presents a unique multifamily development opportunity. Zoned for multi-family use, this property offers significant potential for investors seeking to capitalize on the growing demand for housing in the area. The asking price is $600,000. The site boasts a highly desirable location, situated next to the Three Leaf Development and a new Kwik Trip convenience store, ensuring high visibility and convenient access for future residents. Its placement within the Tif District further enhances its appeal and potential for development. The property's 2.2-acre size provides ample space for a substantial multifamily project, allowing for flexibility in design and unit density. Detailed site plans and zoning information are readily available upon request. This is an exceptional opportunity to acquire a strategically located parcel of land in a thriving Wisconsin community, poised for significant growth and return on investment. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $298,128,000

  6.5%

  $275,195,000

  7%

  $255,538,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $147,905,000

  Geo Method

  $189,757,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $559,102,000

  Retail / Commercial

  $283,317,000

  Mixed-Use / Specialty

  $279,637,000

  Hospitality / Lodging

  $201,685,000

  Office

  $275,195,000

  Institutional / Educational

  $289,756,000

  Residential Income

  $339,014,000

  Multifamily

  $421,395,000

  Automotive / Energy

  $248,362,000

  Parking / Income-Based Land

  $88,344,300

  Restaurant / Food Service

  $139,744,000

  Healthcare / Senior Housing

  $289,500,000

Location Insight

City

Hartland

County

Waukesha

State

Wisconsin

Latitude

43.1037

Longitude

-88.3564

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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