Building Details

Building Size 7,000 SF

Year Built 1933

Buildings 1

Construction brick

Listing Agency: Century 21 Affiliated Pfister

Listed By: John Carter Show Phone

Source: Mhbrealestate

Added: Oct 5 Changed: Oct 29 Last Checked: Oct 29 at 2:32PM

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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 Century 21 Affiliated Pfister

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Investment Insights

Based on property information with market context.

This 7,000-square-foot brick storefront, built in 1933, has been updated and is in the Central Business District of Mount Horeb. The interior includes a full kitchen in a large break room, two bathrooms—including one with a shower—and an alarm system with security cameras. Building systems include two central AC units, two natural gas furnaces, 400-amp service, three-phase and single-phase electric, and fiber internet.

The property has 40 feet of street frontage and alley access, with two loading docks and parking for up to three vehicles. It is situated between Sunn Cafe and Grumpy Troll.

Key Highlights

• 7,000 square feet; built in 1933
• Brick construction with 40 feet of street frontage
• Two loading docks and alley access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,106

Cap Rate

7.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,342,120 $1.3M

Cap Rate 7%

$958,657 $958.7K

Cap Rate 9%

$745,622 $745.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,000 SF

Gross rent

$105.0K $15.00/SF

− Vacancy

−$9.1K −$1.31/SF

EGI

$95.9K $13.70/SF

− OpEx

−$28.8K −$4.11/SF

NOI

$67.1K $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 Rate 5%

$1,342,120

Cap Rate 7%

$958,657

Cap Rate 9%

$745,622

Alternative Uses

Best Use

Retail

$958.7K

$838.8K – $1.12M (±1% cap)

NOI $67,106 @ 7.0% cap · market cap 7.91%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.63M

$1.42M – $1.90M (±1% cap)

NOI $113,866 @ 7.0% cap · market cap 13.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Auto Repair Shop HVAC Service Grocery & Convenience Store

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

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

403

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 53572, WI

10,549

Population

4,032

Households

2.6

Avg Household Size

41

Median Age

47%

College-Educated

97%

High-School Grad

99.1 sq mi

ZIP Area

106

Density / Sq Mi

$104,604

Median Household Income

$55,945

Median Earnings

$1,243

Median Rent

$381,900

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

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Two-Unit Duplex with Separate Meters

114 North 2nd Street, Mount Horeb, WI 53572

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4-Unit Quadplex with Private Garages

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8-Unit Brick Apartment Building

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Frequently Asked Questions

What type of property is this?

Storefront property - A large-format commercial space combines substantial electrical service, rear loading access, and dedicated employee amenities.

Where is this storefront property located?

The property is located at 103 S 2nd Street Mount Horeb, WI.

What is the asking price?

The asking price for this property is $847,900.

What are key features of this property?

This property features: 7,000 square feet; built in 1933; Brick construction with 40 feet of street frontage; Two loading docks and alley access