Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1040 Saddle Rdg Portage, WI 53901

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $514,900

    Updated 4-bedroom condo featuring high-end finishes and outdoor space.

    Property size:
    3,261 SF

    Property Features for 1040 Saddle Rdg

    General Information

    Size
    3,261 SF

    Building Details

    Year built
    2000

    We can help!

    Listing Contact
    Melissa Kirk
    Source: Kw

    Listing Agent: Melissa Kirk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Condo with High-End Finishes

    This beautifully updated and maintained stand-alone condo features 4 bedrooms and 3.5 bathrooms with high-end finishes throughout. The spacious living room includes vaulted ceilings and a gas fireplace, opening to a gourmet kitchen. Golden Teak Acacia hardwood floors, granite countertops, a tile backsplash, and a large walk-in pantry enhance the kitchen's style and functionality. The master suite features a custom-tiled shower, tile floors, and a walk-in closet. The lower level offers a large family room with space to spread out. Outside, there is a large concrete patio with a pergola, a fire pit, and a spacious lawn. The home has a metal roof and includes a large 2-car heated garage. The property size is 3261 square feet. The homeowner's association dues cover snow removal, water, and trash/recycle pick up. There is an option to slip your boat for a fee on Swan Lake.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Memak Properties Property Management Company

    Suggested Use

    Restaurant Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Columbia
    State
    Wisconsin
    Longitude
    -89.38211
    Latitude
    43.543026

    Nearby Similar for Sale

    • $225,000
      0.16 Acres

      Historic Brick Two-Flat in Portage

      Historic two-flat in downtown Portage with recent updates and rental potential.
      208 W Pleasant St, Portage, WI 53901
      View Details
    • $1,600,000

      Turnkey Golf Course and Restaurant

      Golf course and restaurant with multiple income streams and strong upside.
      100a W Saddle Rdg, Portage, WI 53901
      View Details
    • $518,000

      Versatile Commercial Building on Bus 51

      3000 sq ft building with great visibility on Bus 51.
      2626 New Pinery Rd, Portage, WI 53901
      View Details
    • $85,000

      Downtown Portage Commercial Property

      Versatile commercial property in downtown Portage, ready for new ideas.
      117 E Cook St, Portage, WI 53901
      View Details
    • $899,000

      Restaurant, Bar, Event Space

      Fully operational restaurant, bar, and event space in Portage, WI.
      100 W Saddle Rdg, Portage, WI 53901
      View Details
    • $144,000

      Portage Storefront on Cook Street

      Storefront property in growing Portage, WI. Excellent investment opportunity.
      113 E Cook St, Portage, WI 53901
      View Details
    • $259,000

      Restaurant/Tavern with Income-Generating Apartment

      Established restaurant/tavern with a three-bedroom apartment for additional income.
      223 W Oneida St, Portage, WI 53901
      View Details
    • $699,000
      7,746 SF

      Versatile Commercial Building on Wisconsin Street

      7,746 SF building on 0.7 acres with highway access.
      515 E Wisconsin St, Portage, WI 53901
      View Details
    • $625,000
      7,800 SF

      Versatile Office Building For Sale

      3,900 SF per floor, suitable for various professional uses.
      115 E Conant St, Portage, WI 53901
      View Details
    • $299,900
      1,300 SF

      Updated Condo with Lake Views

      Stand-alone condo featuring modern updates and serene water views.
      902 Saddle Rdg, Portage, WI 53901
      View Details
    • $260,000
      3,656 SF

      Portage Commercial Building - High Income Potential

      Prime Portage location, high rental income, versatile space.
      220 Wisconsin St, Portage, WI 53901
      View Details
    • $524,000
      3,150 SF

      Portage Commercial Building - Prime Location

      Established Salon, High Visibility, Great Investment
      2626 New Pinery Rd, Portage, WI 53901
      View Details

    FAQs

    What type of property is this?
    Single family property - Updated 4-bedroom condo featuring high-end finishes and outdoor space.
    Where is this single family property located?
    The property is located at 1040 Saddle Rdg Portage, WI.
    What is the asking price?
    The asking price for this property is $514,900.
    What are key features of this property?
    This property features: - Stand-alone condo with **4 bedrooms and 3.5 bathrooms featuring high-end finishes.**; - Updated gourmet kitchen with granite countertops, tile backsplash, and walk-in pantry.; - **Master suite with custom-tiled shower and walk-in closet.**
    Request Owner's contact information
    1040 Saddle Rdg Portage, WI 53901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1040 Saddle Rdg
    Portage, WI 53901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1040 Saddle Rdg Portage, WI 53901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Melissa Kirk
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.