3767 Scenic RdSlinger, WI 53086

  • Commercial real estate
  • 4.42 AC
For Sale
$4,500,000 View listing

Property Details for 3767 Scenic Rd

Lot size
4.42 AC
Property type
Commercial real estate
APN
T9 -058700H
APU
T9058700H

Description

This exceptional commercial property, located at 3767 Scenic Rd in Slinger, Wisconsin, presents a unique investment opportunity. Boasting a substantial 55,000 square feet of space, this two-story building, constructed in 1992, sits on a 4.42-acre lot and offers versatile usage potential. Currently configured as a distribution center, the property features six overhead doors and three loading docks, catering to efficient logistics. The building's full concrete construction ensures durability and longevity. High ceilings, ranging from 16 to 20 feet, provide ample vertical space for various applications. The property is zoned for commercial use and includes 100 parking spaces, ensuring convenient access for employees and clients. Its prime location offers easy access to major transportation arteries, including Highway 60 and Highway 45, enhancing its strategic value. The property's adaptable design allows for a variety of uses, including its current configuration as a distribution center, or a potential conversion into a multi-tenant complex, such as a six-plex. The property's APN is T9058700H, and it is situated in Washington County, Wisconsin, with a zip code of 53086. The asking price for this exceptional property is $4,500,000. This presents a rare opportunity to acquire a substantial, well-located commercial property with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $39,399,700
    6.5%
    $36,369,000
    7%
    $33,771,200
  • Comparable approach

    Method
    Valuation
    Relative Method
    $19,546,800
    Geo Method
    $25,077,700
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $73,889,300
    Retail / Commercial
    $37,442,300
    Mixed-Use / Specialty
    $36,956,000
    Hospitality / Lodging
    $26,654,100
    Office
    $36,369,000
    Institutional / Educational
    $38,293,300
    Residential Income
    $44,803,100
    Multifamily
    $55,690,400
    Automotive / Energy
    $32,822,800
    Parking / Income-Based Land
    $11,675,300
    Restaurant / Food Service
    $18,468,100
    Healthcare / Senior Housing
    $38,259,500

Location Insight

City
Slinger
County
Washington
State
Wisconsin
Latitude
43.3263
Longitude
-88.2223
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
2023
$17,455
$226,800
$2,083,300
$2,310,100
-
$233,700
$2,146,684
$2,380,384

FAQs

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