Mixed-Use Property with Open
For Sale
$1,250,000
1125 E Cranston Road, Beloit, WI 53511
Business/Comm, Beloit, WI
Property Size7,800 SF
Lot Size3.09 Acres
Price / SF$158.63
Days on Market212
Property Features for 1125 E Cranston Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Com
Security features
Security System, Security Lighting
Interior features
Overhead doors, Truck dr(s) 15ft or lower, Freight elevator, Private Restrooms, Shared conference room, Reception area, Security system, Inside storage, Security lighting, Private office(s)
Accessibility
Accessible Elevator Installed
Lot features
Corner, Near Major Highway, Near public transportatn
Directions
From State Hwy 51, head east on Cranston Road. Property is located on the north side of the road, approximately 0.5 miles east of Hwy 51.
Subdivision
BELOIT - T
Standard status
Active
APN
004 024008
Size
7,880 SF
Lot size
3.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16507
Amenities
full kitchen
large open areas
private offices
lower two levels with storage
two oversized garage doors
spacious parking lot
Building Details
Year built
1962
Number of units
1
Additional Structures
Storage
Listing Agency:
EXIT Professional Real Estate · EXIT Realty
(608) 426-7111
Listed By:
Mitchell Covert · License #9899494
(608) 214-2522
Added: Jan 20
Changed: Aug 20
Last Checked: Aug 20 at 7:06PM
MLS# 2007631
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7,880-square-foot mixed-use property includes a full kitchen, expansive open areas, private offices, reception space, private restrooms, and a shared conference room. Interior improvements also include a freight elevator, security system, security lighting, and an accessible elevator. The lower two levels provide storage capacity, with two oversized garage doors supporting loading and access. Built in 1962, the property sits on 3.089 acres and has approximately 700 feet of street frontage along Cranston Road. A spacious parking lot serves the building, while Com zoning and the combination of office, open, storage, and service-oriented features support a range of commercial configurations.
Key Highlights
- 7,880‑square‑foot mixed‑use property on 3.089 acres
- Approximately 700 feet of street frontage on Cranston Road
- Full kitchen, open areas, private offices, reception area, and restrooms
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
$103,650
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
8.29%
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%
$2,073,000
$2.1M
Cap Rate 7%
$1,480,714
$1.5M
Cap Rate 9%
$1,151,667
$1.2M
Market Conditions
NOI Build-Up for 7,880 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
$174.9K $22.20/SF
− Vacancy
−$36.7K −$4.66/SF
EGI
$138.2K $17.54/SF
− OpEx
−$34.5K −$4.38/SF
NOI
$103.6K $13.15/SF
Area
Rock County, WI
Vacancy
21.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$2,073,000
Cap Rate 7%
$1,480,714
Cap Rate 9%
$1,151,667
Alternative Uses
Best Use
Office B
$1.48M
$1.30M – $1.73M
NOI $103,650 @ 7.0% cap · market cap 8.29%
Second Best
Retail
$1.36M
$1.19M – $1.59M
NOI $95,118 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,554 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Explore this area
Business Placement
Demographics for 53511, WI
48,659
Population
19,372
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
114.9 sq mi
ZIP Area
423
Density / Sq Mi
$65,305
Median Household Income
$39,344
Median Earnings
$995
Median Rent
$160,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial facility with kitchen, offices, storage, overhead doors, elevator access, and an on-site parking lot.
Where is this mixed-use property located?
The property is located at 1125 E Cranston Road Beloit, WI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 7,880‑square‑foot mixed‑use property on 3.089 acres; Approximately 700 feet of street frontage on Cranston Road; Full kitchen, open areas, private offices, reception area, and restrooms
