Medical Office with Exam
103-7137 236th Avenue, Paddock Lake, WI 53168
For Sale
$425,000
Configured for medical, professional, or general office use with reception, patient waiting, and dedicated work areas.
Property Size3,100 SF
Price / SF$137.10
Days on Market188
Property Features for 103-7137 236th Avenue
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Amenities
private offices
waiting room
reception area
breakroom/kitchen
exam rooms
lab
billing space
3 bathrooms
Building Details
Tenancy
Listing Agency:
Epique Realty
(262) 656-7171
Listed By:
Michelle Frederick · License #5695990
(262) 945-5560
Source:
Exprealty
Added: May 6
Changed: Oct 25
Last Checked: Nov 8 at 11:07AM
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 Epique Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office property offers over 3,100 square feet with a layout that includes 2 private offices, a reception area, and a spacious waiting room. The space also contains 8 exam rooms, a breakroom and kitchen, 3 bathrooms, and additional areas currently used for lab and billing functions. The property is currently operating as a doctor's office.
Located at 103-7137 236th Avenue in Paddock Lake, the property includes parking for staff and clients. Its existing medical configuration can also support professional or general office use, subject to applicable requirements.
Located at 103-7137 236th Avenue in Paddock Lake, the property includes parking for staff and clients. Its existing medical configuration can also support professional or general office use, subject to applicable requirements.
Key Highlights
- Over 3,100 square feet of office space
- 8 exam rooms and 2 private offices
- Reception area and spacious waiting room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,011
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,220
$780.2K
Cap Rate 7%
$557,300
$557.3K
Cap Rate 9%
$433,456
$433.5K
Market Conditions
NOI Build-Up for 3,100 SF
Gross rent
$65.1K $21.00/SF
− Vacancy
−$13.1K −$4.22/SF
EGI
$52.0K $16.78/SF
− OpEx
−$13.0K −$4.19/SF
NOI
$39.0K $12.58/SF
Area
Kenosha County, WI
Vacancy
20.10%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,220
Cap Rate 7%
$557,300
Cap Rate 9%
$433,456
Alternative Uses
Best Use
Office B
$557.3K
$487.6K – $650.2K
NOI $39,011 @ 7.0% cap · market cap 9.18%
Second Best
Healthcare Medical
$535.0K
$468.1K – $624.2K
NOI $37,451 @ 7.0% cap · market cap 8.81%
Theoretical Best
Office A
$679.4K
$594.5K – $792.6K
NOI $47,556 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53168, WI
8,687
Population
4,072
Households
2.1
Avg Household Size
42
Median Age
30%
College-Educated
92%
High-School Grad
32.5 sq mi
ZIP Area
267
Density / Sq Mi
$104,712
Median Household Income
$56,262
Median Earnings
$1,268
Median Rent
$289,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for medical, professional, or general office use with reception, patient waiting, and dedicated work areas.
Where is this medical office space located?
The property is located at 103-7137 236th Avenue Paddock Lake, WI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Over 3,100 square feet of office space; 8 exam rooms and 2 private offices; Reception area and spacious waiting room
