Building Details

Year built 1900

Architectural style Other

Listing Agency: HomeWire Realty c***@gmail.com Show Phone

Listed By: Melissa Buttrum · License #5808890 Show Phone

Added: Jul 30, 2025 Changed: Aug 19 Last Checked: Sep 20 at 9:06AM

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MLS# 1929406

Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,400-square-foot mixed-use building contains a retail area at street level and a two-bedroom apartment on the upper floor. The storefront previously operated as a pharmacy, while the apartment is currently leased. Built in 1900, the property is zoned Commercial and occupies a 0.05-acre site.

Located at 107 N High St in Randolph, Wisconsin, the building fronts a main street with the exposure associated with its central small-town setting. The layout offers both commercial and residential components within one property, with the upstairs apartment providing an existing rental component.

Key Highlights

• 2,400‑square‑foot mixed‑use building with retail and residential components
• Upper‑level 2‑bedroom apartment is currently rented
• Street‑level retail area formerly operated as a pharmacy

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$24,534

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

8.46%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$490,680 $490.7K

Cap Rate 7%

$350,486 $350.5K

Cap Rate 9%

$272,600 $272.6K

Market Conditions

NOI Build-Up for 2,400 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$38.3K $15.96/SF

− Vacancy

−$3.3K −$1.36/SF

EGI

$35.0K $14.60/SF

− OpEx

−$10.5K −$4.38/SF

NOI

$24.5K $10.22/SF

Area

Columbia County, WI

Vacancy

8.50%

Lease Rate

$15.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$490,680

Cap Rate 7%

$350,486

Cap Rate 9%

$272,600

Alternative Uses

Best Use

Mixed Use

$407.3K

$356.4K – $475.2K (±1% cap)

NOI $28,512 @ 7.0% cap · market cap 9.84%

Second Best

Retail

$350.5K

$306.7K – $408.9K (±1% cap)

NOI $24,534 @ 7.0% cap · market cap 8.46%

Theoretical Best

Office A

$539.2K

$471.8K – $629.1K (±1% cap)

NOI $37,743 @ 7.0% cap · market cap 13.02%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Hometown Pharmacy Pharmacy Michelle Dreger Pharmacy Rachael Donatelle Pharmacy

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Hair Salon Law Firm HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

181

Businesses Nearby

817

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Citgo Shops & Services

817 visits/mo 0.0 miles

Demographics for 53956, WI

3,416

Population

1,404

Households

2.4

Avg Household Size

43

Median Age

20%

College-Educated

92%

High-School Grad

78.3 sq mi

ZIP Area

44

Density / Sq Mi

$84,722

Median Household Income

$41,997

Median Earnings

$750

Median Rent

$214,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines a commercial storefront with a rented two-bedroom apartment above.

Where is this mixed-use property located?

The property is located at 107 N High St Randolph, WI.

What is the asking price?

The asking price for this property is $289,900.

What are key features of this property?

This property features: 2,400‑square‑foot mixed‑use building with retail and residential components; Upper‑level 2‑bedroom apartment is currently rented; Street‑level retail area formerly operated as a pharmacy