Building Details

Year Built 2025

Listing Agency: Realty Executives Cooper Spransy

Listed By: Matt Winzenried Real Estate Team Show Phone

Source: Madisonareahomesforsale

Added: Apr 18, 2025 Changed: Oct 25 Last Checked: Oct 26 at 4:58PM

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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 Realty Executives Cooper Spransy

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Investment Insights

Based on property information with market context.

The property features two new commercial buildings totaling 11,000 sqft on 2.41 acres. The Sands West building, with 5,500 sqft, is fully built out and leased to Golden Ferret Golf Sims for $72,000 annually. The Sands East building, also 5,500 sqft, can be divided into four 1,100 sqft units, each with private baths, framing, and finishes included in the purchase price. Located along a high-traffic state highway near KwikTrip, Sand Valley Golf Resort, Lake Arrowhead Golf, and two lakes, the property includes a large paved parking lot and a shared outdoor space. Infrastructure is in place for a future 3rd building. The Sands West building has a pro forma NOI of $126,700 with a 9.39% cap rate based on $171,000 projected annual rent, 5% vacancy, and 22% operating expenses. The buildings feature a modern design with large windows and flexible layouts.

Key Highlights

• High‑traffic location near Sand Valley Golf Resort, Lake Arrowhead Golf, and two lakes.
• Pro Forma NOI of $126,700 with a 9.39% Cap Rate.
• One building (Sands West) is fully built out and leased for $72,000 annually.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$78,563

Cap Rate

5.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,571,260 $1.6M

Cap Rate 7%

$1,122,329 $1.1M

Cap Rate 9%

$872,922 $872.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,000 SF

Gross rent

$125.4K $11.40/SF

− Vacancy

−$13.2K −$1.20/SF

EGI

$112.2K $10.20/SF

− OpEx

−$33.7K −$3.06/SF

NOI

$78.6K $7.14/SF

Area

Wood County, WI

Vacancy

10.50%

Lease Rate

$11.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,571,260

Cap Rate 7%

$1,122,329

Cap Rate 9%

$872,922

Alternative Uses

Best Use

Retail

$1.12M

$982.0K – $1.31M (±1% cap)

NOI $78,563 @ 7.0% cap · market cap 5.82%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$2.13M

$1.87M – $2.49M (±1% cap)

NOI $149,381 @ 7.0% cap · market cap 11.07%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick HVAC Service Bakery Furniture & Home Goods (Bike/Boat/Book/etc) Store Butcher Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

78

Businesses Nearby

21k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Kwik Trip Shops & Services

17,571 visits/mo 0.3 miles

Dollar General Shops & Services

3,905 visits/mo 0.5 miles

Demographics for 54457, WI

8,478

Population

5,594

Households

1.5

Avg Household Size

53

Median Age

22%

College-Educated

90%

High-School Grad

139.8 sq mi

ZIP Area

61

Density / Sq Mi

$72,005

Median Household Income

$39,268

Median Earnings

$718

Median Rent

$169,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Retail space - Two commercial buildings totaling 11,000 sqft near Sand Valley Golf.

Where is this retail space located?

The property is located at 1144 County Road D Rome, WI.

What is the asking price?

The asking price for this property is $1,349,900.

What are key features of this property?

This property features: High‑traffic location near Sand Valley Golf Resort, Lake Arrowhead Golf, and two lakes.; Pro Forma NOI of $126,700 with a 9.39% Cap Rate.; One building (Sands West) is fully built out and leased for $72,000 annually.