Mixed-Use Building with
For Sale
$289,900
107 N High St, Randolph, WI 53956
Commercially zoned property combines ground-floor retail with residential space above.
Property Size2,400 SF
Days on Market396
Property Features for 107 N High St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Zoning
Commercial
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,355
Building Details
Building Size
2,400 SF
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
HomeWire Realty
(262) 227-7064
Listed By:
Melissa Buttrum · License #5808890
(262) 227-7064
Source:
Therealtycompanyllc
Added: Jul 30, 2025
Changed: Aug 28
Last Checked: Aug 29 at 10:22AM
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 HomeWire Realty
Investment Insights
Based on property information with market context.
Built in 1900, this mixed-use property includes a ground-level storefront formerly occupied by a pharmacy and an upper-level two-bedroom apartment. The residence is currently rented, providing an existing residential component within the building.
The property is located at 107 N High St in Randolph, Wisconsin, along a main street in a small-town setting. Commercial zoning supports the retail component, while the existing apartment adds a separate residential use to the overall configuration.
The layout may accommodate an owner-user seeking retail space with an on-site residence or a buyer seeking a property with both commercial and residential elements.
The property is located at 107 N High St in Randolph, Wisconsin, along a main street in a small-town setting. Commercial zoning supports the retail component, while the existing apartment adds a separate residential use to the overall configuration.
The layout may accommodate an owner-user seeking retail space with an on-site residence or a buyer seeking a property with both commercial and residential elements.
Key Highlights
- Mixed‑use property with retail and residential components
- Ground‑floor storefront formerly used as a pharmacy
- Upper‑level 2‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,534
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$490,680
$490.7K
Cap Rate 7%
$350,486
$350.5K
Cap Rate 9%
$272,600
$272.6K
Market Conditions
NOI Build-Up for 2,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.3K $15.96/SF
− Vacancy
−$3.3K −$1.36/SF
EGI
$35.0K $14.60/SF
− OpEx
−$10.5K −$4.38/SF
NOI
$24.5K $10.22/SF
Area
Columbia County, WI
Vacancy
8.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$490,680
Cap Rate 7%
$350,486
Cap Rate 9%
$272,600
Alternative Uses
Best Use
Mixed Use
$407.3K
$356.4K – $475.2K
NOI $28,512 @ 7.0% cap · market cap 9.84%
Second Best
Retail
$350.5K
$306.7K – $408.9K
NOI $24,534 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$539.2K
$471.8K – $629.1K
NOI $37,743 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
817
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
817 visits/mo
0.0 miles
Demographics for 53956, WI
3,416
Population
1,404
Households
2.4
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
78.3 sq mi
ZIP Area
44
Density / Sq Mi
$84,722
Median Household Income
$41,997
Median Earnings
$750
Median Rent
$214,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property combines ground-floor retail with residential space above.
Where is this mixed-use property located?
The property is located at 107 N High St Randolph, WI.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Mixed‑use property with retail and residential components; Ground‑floor storefront formerly used as a pharmacy; Upper‑level 2‑bedroom apartment
