Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    125 E State St Burlington, WI 53105

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $599,000

    Multi-purpose building with flexible space options and high visibility.

    Lot size:
    0.40 Acres

    Property Features for 125 E State St

    General Information

    Standard status
    Active
    Lot size
    0.40 Acres

    We can help!

    Listing Contact
    Kristen Parks
    Source: Exprealty

    Listing Agency: Anderson Commercial Group, LLC Listing Agent: Kristen Parks

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Multi-Purpose Building in Business District

    This multi-purpose building, located in a business district, offers an investment opportunity. The building has a total area of approximately 11,532 square feet and features flexible lease space suitable for a variety of uses, including a commercial kitchen, retail space, and office space. The property benefits from high visibility on State Street. Recent improvements include a new roof and parking lot, both completed in 2022. The building is currently tenant-occupied.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Racine
    State
    Wisconsin
    Longitude
    -88.27813
    Latitude
    42.675507

    Nearby Similar for Sale

    • $349,900
      1,947 SF

      Former Veterinary Clinic For Sale

      Veterinary clinic with potential for two tenant spaces.
      108 Pine St N, Burlington, WI 53105
      View Details
    • $480,000
      2,932 SF

      New Construction Condo with Garage

      Modern 3BR condo with walkout basement and attached garage.
      405 Falcon Ridge Dr, Burlington, WI 53105
      View Details
    • $549,900
      6,471 SF

      Automotive Shop with Drive-In Bays

      6,471 sq ft building with multiple drive-in bays.
      400 S Pine St, Burlington, WI 53105
      View Details
    • $649,000
      6,471 SF

      Burlington Commercial Building For Sale

      High-traffic location, 6,471 sq ft.
      400 Pine St, Burlington, WI 53105
      View Details
    • $499,000

      Burlington Commercial Building Opportunity

      Spacious heated building, great visibility, Hwy 50 access.
      4705 328Th Ave, Burlington, WI 53105
      View Details
    • $998,000
      15,512 SF

      Burlington Commercial Warehouse Opportunity

      Prime Location, Versatile Space, High Traffic
      925 Milwaukee Ave, Burlington, WI 53105
      View Details
    • $260,000
      1,959 SF

      Burlington Commercial Space - Great Location

      Prime Burlington commercial space, 1959 sq ft, 2.29 acres.
      116 Dodge St Unit, Burlington, WI 53105
      View Details
    • $550,000
      7,540 SF

      Burlington Retail Pad Site Investment

      Prime 7,540 SF Pad, Ready to Build
      980 Milwaukee Ave, Burlington, WI 53105
      View Details
    • $599,000
      11,532 SF

      Prime Burlington Office Building

      Executive Suites, High Visibility, NNN Lease
      125 State St, Burlington, WI 53105
      View Details
    • Contact for pricing
      3,975 SF

      Burlington Commercial Space For Lease

      Prime Burlington Office Space, 3975 sq ft
      197 Chestnut St, Burlington, WI 53105
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Multi-purpose building with flexible space options and high visibility.
    Where is this mixed-use property located?
    The property is located at 125 E State St Burlington, WI.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - High visibility location on State St.; - New roof and parking lot (2022).; - Flexible lease space (commercial kitchen, retail, office).
    (414) 550-8925
    Request Owner's contact information
    125 E State St Burlington, WI 53105
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    125 E State St
    Burlington, WI 53105
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    125 E State St Burlington, WI 53105
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kristen Parks
    (414) 550-8925
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.