Mixed-Use Building with
New
For Sale
$249,900
113 N 4th St, Watertown, WI 53094
A remodeled one-bedroom apartment sits alongside office and warehouse space in this downtown brick property.
Property Size1,944 SF
Price / SF$128.55
Days on Market3
Property Features for 113 N 4th St
General Information
Standard status
Active
Size
1,944 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
10 ft
Warehouse Space
640 SF
Building Details
Year Built
1913
Buildings
1
Construction
brick
Listing Agency:
Martin Real Estate
Listed By:
Michael Martin · License #3979
(920) 261-2223
Source:
Milwaukeeforeverhome
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 3:48AM
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 Martin Real Estate
Investment Insights
Based on property information with market context.
Built in 1913, this 1,944-square-foot brick mixed-use building combines remodeled office space, a warehouse, a one-bedroom apartment, and a basement. The apartment has large rooms and newer windows and a furnace. Warehouse space measures 20 x 32 feet, with ceilings over 10 feet and reinforced concrete flooring. The basement also has a concrete floor.
Building updates include newer exterior doors and windows, a newer furnace, updated electrical, and recently coated roofs. A private rear parking area provides access to a large city parking lot.
Building updates include newer exterior doors and windows, a newer furnace, updated electrical, and recently coated roofs. A private rear parking area provides access to a large city parking lot.
Key Highlights
- 1,944‑square‑foot brick mixed‑use building, built in 1913
- 20 x 32‑foot warehouse with ceilings over 10 feet and reinforced concrete flooring
- Remodeled one‑bedroom apartment with large rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,503
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,060
$430.1K
Cap Rate 7%
$307,186
$307.2K
Cap Rate 9%
$238,922
$238.9K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$26.8K $13.80/SF
− Vacancy
−$1.5K −$0.79/SF
EGI
$25.3K $13.01/SF
− OpEx
−$3.8K −$1.95/SF
NOI
$21.5K $11.06/SF
Area
Jefferson County, WI
Vacancy
5.70%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,060
Cap Rate 7%
$307,186
Cap Rate 9%
$238,922
Alternative Uses
Best Use
Warehouse
$307.2K
$268.8K – $358.4K
NOI $21,503 @ 7.0% cap · market cap 8.60%
Second Best
Mixed Use
$238.3K
$208.5K – $278.0K
NOI $16,680 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$456.3K
$399.3K – $532.4K
NOI $31,941 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
10 ft
Clear height
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Explore this area
Business Placement
Demographics for 53094, WI
18,510
Population
7,387
Households
2.5
Avg Household Size
39
Median Age
22%
College-Educated
92%
High-School Grad
88.8 sq mi
ZIP Area
208
Density / Sq Mi
$71,973
Median Household Income
$40,673
Median Earnings
$1,039
Median Rent
$223,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A remodeled one-bedroom apartment sits alongside office and warehouse space in this downtown brick property.
Where is this mixed-use property located?
The property is located at 113 N 4th St Watertown, WI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,944‑square‑foot brick mixed‑use building, built in 1913; 20 x 32‑foot warehouse with ceilings over 10 feet and reinforced concrete flooring; Remodeled one‑bedroom apartment with large rooms
