Mixed-Use Property Near
New
For Sale
$934,900
1234 Confidential St, Hartland, WI 53029
N, Hartland, WI
Property Size4,856 SF
Lot Size1.28 Acres
Price / SF$192.52
Days on Market3
Property Features for 1234 Confidential St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-3
Directions
Confidential listing located in wonderful Hartland, WI, within walking distance of charming Downtown Hartland. Exact location provided upon receipt of completed NDA.
Standard status
Active
APN
HAV0000000
Size
4,856 SF
Lot size
1.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5720
Building Details
Year built
1897
Architectural style
Other
Listing Agency:
Keller Williams Realty-Lake Country
(262) 912-1400
Listed By:
Nicholas Marlis · License #59579-94
(262) 442-8069
Added: Aug 28
Last Checked: Aug 30 at 5:06AM
MLS# 1978250
Copyright © 2026 Metro MLS. 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 mixed-use property covers approximately 1.28 acres and includes 4,856 square feet of property size. The improvements date to 1897, providing an established physical presence within Hartland.
The property is within walking distance of Downtown Hartland, including shops, restaurants, parks, and other amenities. B-3 zoning is in place. Zoning, permitted uses, development potential, and other property information should be verified with the Village of Hartland.
The property is within walking distance of Downtown Hartland, including shops, restaurants, parks, and other amenities. B-3 zoning is in place. Zoning, permitted uses, development potential, and other property information should be verified with the Village of Hartland.
Key Highlights
- Approximately 1.28 acres
- 4,856 square feet of property size
- B‑3 zoning
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
$57,689
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
6.17%
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%
$1,153,780
$1.2M
Cap Rate 7%
$824,129
$824.1K
Cap Rate 9%
$640,989
$641.0K
Market Conditions
NOI Build-Up for 4,856 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
$104.9K $21.60/SF
− Vacancy
−$12.6K −$2.59/SF
EGI
$92.3K $19.01/SF
− OpEx
−$34.6K −$7.13/SF
NOI
$57.7K $11.88/SF
Area
Waukesha County, WI
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,153,780
Cap Rate 7%
$824,129
Cap Rate 9%
$640,989
Alternative Uses
Best Use
Mixed Use
$824.1K
$721.1K – $961.5K
NOI $57,689 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.48M
$2.17M – $2.89M
NOI $173,485 @ 7.0% cap · market cap 18.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 53029, WI
21,239
Population
8,717
Households
2.4
Avg Household Size
43
Median Age
49%
College-Educated
98%
High-School Grad
37.6 sq mi
ZIP Area
565
Density / Sq Mi
$109,778
Median Household Income
$58,923
Median Earnings
$1,126
Median Rent
$449,800
Median Home Value
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 - B-3 zoning and a walkable setting near downtown shops, restaurants, parks, and other community amenities.
Where is this mixed-use property located?
The property is located at 1234 Confidential St Hartland, WI.
What is the asking price?
The asking price for this property is $934,900.
What are key features of this property?
This property features: Approximately 1.28 acres; 4,856 square feet of property size; B‑3 zoning
