Commercial Storefront
For Sale
$185,000
10 Liberty Street, Deerfield, WI 53531
Business/Comm, Deerfield, WI
Property Size1,700 SF
Lot Size0.08 Acres
Price / SF$108.82
Days on Market49
Property Features for 10 Liberty Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMM
Interior features
Private Restrooms
Lot features
Business district, Shopping center
Directions
Use GPS to Address: 10 Liberty Street Deerfield, WI 53531
Subdivision
DEERFIELD - V
Standard status
Active
APN
0712-214-4205-1
Size
1,700 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2386
Amenities
open layout
9.5-foot ceilings
private restroom
generous storage space
large front-facing windows
Building Details
Year built
1970
Number of units
1
Listing Agency:
EXP Realty, LLC
(608) 838-1377
Listed By:
Alan Mikkelson · License #5564290
(608) 347-3444
Added: Jul 16
Changed: Aug 31
Last Checked: Sep 2 at 12:06PM
MLS# 2028175
Copyright © 2026 REALTORS® Association of South Central Wisconsin. 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 commercial condominium provides 1,700 square feet of open retail-oriented space in a 1970 building. The suite includes 9.5-foot ceilings, large windows along the front elevation, a private restroom, and dedicated storage. COMM zoning and a month-to-month tenant lease are also in place.
The property is located in Deerfield, Wisconsin, among established retail and professional businesses. Access is available to I-94 and Highways 12 and 18, providing connectivity for customers, staff, and commercial activity. The parcel measures 0.08 acres.
The property is located in Deerfield, Wisconsin, among established retail and professional businesses. Access is available to I-94 and Highways 12 and 18, providing connectivity for customers, staff, and commercial activity. The parcel measures 0.08 acres.
Key Highlights
- 1,700 square feet of commercial storefront space
- 9.5‑foot ceilings with an open interior layout
- Large front‑facing windows provide abundant natural light
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
$16,297
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
8.81%
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%
$325,940
$325.9K
Cap Rate 7%
$232,814
$232.8K
Cap Rate 9%
$181,078
$181.1K
Market Conditions
NOI Build-Up for 1,700 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
$25.5K $15.00/SF
− Vacancy
−$2.2K −$1.31/SF
EGI
$23.3K $13.70/SF
− OpEx
−$7.0K −$4.11/SF
NOI
$16.3K $9.59/SF
Area
Dane County, WI
Vacancy
8.70%
Lease Rate
$15.00 /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%
$325,940
Cap Rate 7%
$232,814
Cap Rate 9%
$181,078
Alternative Uses
Best Use
Retail
$232.8K
$203.7K – $271.6K
NOI $16,297 @ 7.0% cap · market cap 8.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.0K
$345.7K – $460.9K
NOI $27,653 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53531, WI
4,558
Population
1,612
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
96%
High-School Grad
41.1 sq mi
ZIP Area
111
Density / Sq Mi
$105,156
Median Household Income
$54,693
Median Earnings
$1,094
Median Rent
$334,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Open commercial suite with front-facing windows, private restroom, storage, and access to I-94.
Where is this storefront property located?
The property is located at 10 Liberty Street Deerfield, WI.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 1,700 square feet of commercial storefront space; 9.5‑foot ceilings with an open interior layout; Large front‑facing windows provide abundant natural light
