Residential Income Property with
For Sale
$325,000
1177 Sawyer Way Unit 10, Sun Prairie, WI 53590
Single-level residence with an open main-floor plan, sunroom, patio, and attached garage.
Property Size1,448 SF
Price / SF$224.45
Days on Market147
Property Features for 1177 Sawyer Way Unit 10
General Information
Standard status
Active
Size
1,448 SF
Total Parking Spaces
2
Property subtype
Condo / Ranch-1 Story
Zoning
Res
Property Condition
Severity
Repairs Needed
Evidence
original finishes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,610
Amenities
cathedral ceilings
gas fireplace
sunroom
concrete patio
tray ceilings
walk-in closet
main floor laundry
walk-in pantry
vaulted ceiling
skylights
undercab lighting
open stairs to unfinished basement
Seller's personal property
Stove, refrigerator, dishwasher, microwave, water softener, washer & dryer
Forced air, Central air
Wood or sim. wood floors, Great room, Vaulted ceiling, Skylight(s), Washer, Dryer, Water softener included, Split bedrooms, Ceiling Fan(s)
Vinyl, Brick, Stone
Gas, 1 fireplace
Private Entry, Patio
Building Details
Year Built
2001
Stories
1
Construction
ranch-style
Listing Agency:
Century 21 Affiliated
Listed By:
R3bel Real Estate Group
(608) 400-5273
Source:
Compass
Added: Apr 15
Changed: Aug 31
Last Checked: Aug 30 at 4:58AM
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 Century 21 Affiliated
Investment Insights
Based on property information with market context.
This one-floor residential income property offers 1,448 square feet with two bedrooms and two bathrooms. The main level combines the kitchen and living area beneath vaulted cathedral ceilings, with a gas fireplace, skylights, wood or similar wood flooring, and a sunroom opening to a concrete patio. The primary bedroom includes tray ceilings, a walk-in closet, and a three-quarter ensuite bath. Main-floor laundry, a walk-in pantry, under-cabinet lighting, and a second bedroom with a vaulted ceiling and double closet add practical functionality. An unfinished basement is accessible from the open staircase.
Built in 2001, the home has quality steel construction, vinyl, brick, and stone exterior elements, forced-air heating, central air, and a water softener. A two-car attached garage includes a ramp, while the private entry provides direct access to the residence. Located at 1177 Sawyer Way, Unit 10, in Sun Prairie, Wisconsin, the property is near restaurants, shopping, and parks.
Built in 2001, the home has quality steel construction, vinyl, brick, and stone exterior elements, forced-air heating, central air, and a water softener. A two-car attached garage includes a ramp, while the private entry provides direct access to the residence. Located at 1177 Sawyer Way, Unit 10, in Sun Prairie, Wisconsin, the property is near restaurants, shopping, and parks.
Key Highlights
- 1,448‑square‑foot residence with 2 bedrooms and 2 bathrooms
- Single‑level layout with open kitchen and living area
- Sunroom with mature‑tree views and concrete patio access
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
$11,682
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
3.59%
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%
$233,640
$233.6K
Cap Rate 7%
$166,886
$166.9K
Cap Rate 9%
$129,800
$129.8K
Market Conditions
NOI Build-Up for 1,448 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
$22.2K $15.36/SF
− Vacancy
−$1.0K −$0.69/SF
EGI
$21.2K $14.67/SF
− OpEx
−$9.6K −$6.60/SF
NOI
$11.7K $8.07/SF
Area
Dane County, WI
Vacancy
4.50%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
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%
$233,640
Cap Rate 7%
$166,886
Cap Rate 9%
$129,800
Alternative Uses
Best Use
Apartment 5plus
$166.9K
$146.0K – $194.7K
NOI $11,682 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.5K
$294.4K – $392.6K
NOI $23,554 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Explore this area
Business Placement
Demographics for 53590, WI
43,684
Population
18,292
Households
2.4
Avg Household Size
37
Median Age
52%
College-Educated
97%
High-School Grad
65.9 sq mi
ZIP Area
663
Density / Sq Mi
$96,497
Median Household Income
$57,711
Median Earnings
$1,375
Median Rent
$354,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Single-level residence with an open main-floor plan, sunroom, patio, and attached garage.
Where is this residential income property located?
The property is located at 1177 Sawyer Way Unit 10 Sun Prairie, WI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,448‑square‑foot residence with 2 bedrooms and 2 bathrooms; Single‑level layout with open kitchen and living area; Sunroom with mature‑tree views and concrete patio access
