Mixed-Use Building with Office
107 Baker Street, Waunakee, WI 53597
For Sale
$1,500,000
Waunakee, WI
Property Size13,000 SF
Price / SF$115.38
Days on Market15
Property Features for 107 Baker Street
General Information
Property type
Property subtype
Standard status
Additional Details
Tenant in Place
Building Details
Year built
Listing Agency:
NextHome Strategy
Listed By:
Lavant Group · License #939107-91,PersonLicenseNumber
(608) 770-9148
Added: Oct 26
Changed: Nov 4
Last Checked: Nov 9 at 6:06AM
MLS# 2007337
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Investment Insights
Based on property information with market context.
This mixed-use property spans approximately 13,000 square feet across two levels. A restaurant currently occupies the lower portion, while the upper floor includes office space. Remodeling has been completed in some areas, and the property is offered in its current as-is condition.
The building is at 107 Baker Street in downtown Waunakee, Wisconsin. The main floor also has potential for use as a venue hall or retail space. The seller is open to lease offers.
The building is at 107 Baker Street in downtown Waunakee, Wisconsin. The main floor also has potential for use as a venue hall or retail space. The seller is open to lease offers.
Key Highlights
- Approximately 13,000 square feet across two levels
- Restaurant currently occupies the lower portion
- Upper‑level office space provides a distinct commercial component
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,624
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,492,480
$2.5M
Cap Rate 7%
$1,780,343
$1.8M
Cap Rate 9%
$1,384,711
$1.4M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$195.0K $15.00/SF
− Vacancy
−$17.0K −$1.31/SF
EGI
$178.0K $13.70/SF
− OpEx
−$53.4K −$4.11/SF
NOI
$124.6K $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%
$2,492,480
Cap Rate 7%
$1,780,343
Cap Rate 9%
$1,384,711
Alternative Uses
Best Use
Specialty Retail
$2.37M
$2.08M – $2.77M
NOI $166,023 @ 7.0% cap · market cap 11.07%
Second Best
Mixed Use
$2.26M
$1.97M – $2.63M
NOI $157,950 @ 7.0% cap · market cap 10.53%
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,465 @ 7.0% cap · market cap 14.10%
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
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
72k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 21%
Home Improvements & Furnishings 8%
Kwik Trip
Shops & Services
28,418 visits/mo
0.0 miles
Dollar Tree
Shops & Services
7,588 visits/mo
0.5 miles
Dunkin' Donuts
Dining
6,899 visits/mo
0.4 miles
Ace Hardware
Home Improvements & Furnishings
5,740 visits/mo
0.5 miles
Summit Credit Union
Shops & Services
5,159 visits/mo
0.1 miles
Demographics for 53597, WI
20,729
Population
8,323
Households
2.5
Avg Household Size
41
Median Age
58%
College-Educated
98%
High-School Grad
52.9 sq mi
ZIP Area
392
Density / Sq Mi
$114,542
Median Household Income
$63,700
Median Earnings
$1,336
Median Rent
$462,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A restaurant occupies the lower portion, with upper-level offices offering a separate commercial component.
Where is this mixed-use property located?
The property is located at 107 Baker Street Waunakee, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 13,000 square feet across two levels; Restaurant currently occupies the lower portion; Upper‑level office space provides a distinct commercial component
