Salon Retail
103-5540 State Road 50, Delavan, WI 53115
For Sale
Contact for pricing
Plumbing for a shampoo station and distinct enclosed rooms support a personal-service layout.
Property Size2,782 SF
Price / SF$1.01
Days on Market8
Property Features for 103-5540 State Road 50
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
Compass Wisconsin-Lake Geneva
Listed By:
Keefe & Associates Group* · License WI #5815690
(262) 248-4492
Source:
Exprealty
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 8 at 9:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Wisconsin-Lake Geneva
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,782-square-foot retail suite has a reception area and showroom at the entrance, with a large open work area beyond. Plumbing is in place for a shampoo station. A private room with an interior window and a separate lounge with an exterior window add enclosed spaces. Other features include a laundry and utility room with washer and dryer hookups, a utility sink, an accessible restroom, storage, and a rear exit.
The property is in Delavan, with parking immediately outside the entrance.
The property is in Delavan, with parking immediately outside the entrance.
Key Highlights
- 2,782‑square‑foot retail suite
- Plumbing installed for a shampoo station
- Private room with an interior window, plus a separate lounge with an exterior window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,219
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,380
$464.4K
Cap Rate 7%
$331,700
$331.7K
Cap Rate 9%
$257,989
$258.0K
Market Conditions
NOI Build-Up for 2,782 SF
Gross rent
$36.1K $12.96/SF
− Vacancy
−$2.9K −$1.04/SF
EGI
$33.2K $11.92/SF
− OpEx
−$10.0K −$3.58/SF
NOI
$23.2K $8.35/SF
Area
Walworth County, WI
Vacancy
8.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,380
Cap Rate 7%
$331,700
Cap Rate 9%
$257,989
Alternative Uses
Best Use
Retail
$331.7K
$290.2K – $387.0K
NOI $23,219 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$536.9K
$469.8K – $626.4K
NOI $37,582 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
6,492 visits/mo
0.1 miles
Demographics for 53115, WI
15,884
Population
8,848
Households
1.8
Avg Household Size
43
Median Age
25%
College-Educated
89%
High-School Grad
71.9 sq mi
ZIP Area
221
Density / Sq Mi
$70,880
Median Household Income
$38,871
Median Earnings
$1,012
Median Rent
$225,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Plumbing for a shampoo station and distinct enclosed rooms support a personal-service layout.
Where is this retail space located?
The property is located at 103-5540 State Road 50 Delavan, WI.
What are key features of this property?
This property features: 2,782‑square‑foot retail suite; Plumbing installed for a shampoo station; Private room with an interior window, plus a separate lounge with an exterior window
