Building Details

Year Built 1920

Listing Agency: Shorewest Realtors, Inc.

Listed By: Samuel Hybicki PropertyInfo@shorewest.com

Source: Viewhomesinwisconsin

Added: Jun 29 Changed: Sep 12 Last Checked: Sep 14 at 12:21PM

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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 Shorewest Realtors, Inc.

Investment Insights

Based on property information with market context.

This mixed-use property at 12425 Antioch Rd includes an updated 1,248-square-foot commercial area with two bathrooms on the lower level. The layout is suited to retail, office, or other business uses. Above, a separate 1,100-square-foot apartment provides two bedrooms and two bathrooms, with updated interior finishes and potential for residential occupancy or additional income.

The property occupies 0.49 total acres across two tax parcels measuring 0.39 acres and 0.10 acres. Twenty parking spaces and an additional grassy area are included. Its location places the property minutes from the Wisconsin–Illinois border, providing a combination of commercial and residential components in a single asset.

Key Highlights

• Updated 1,248‑square‑foot commercial space with 2 bathrooms
• 1,100‑square‑foot upper‑level apartment with 2 bedrooms and 2 bathrooms
• 0.49 total acres across two tax parcels

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

$15,500

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

3.88%

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%

$310,000 $310.0K

Cap Rate 7%

$221,429 $221.4K

Cap Rate 9%

$172,222 $172.2K

Market Conditions

NOI Build-Up for 1,248 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

$27.0K $21.60/SF

− Vacancy

−$2.2K −$1.73/SF

EGI

$24.8K $19.87/SF

− OpEx

−$9.3K −$7.45/SF

NOI

$15.5K $12.42/SF

Area

Kenosha County, WI

Vacancy

8.00%

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%

$310,000

Cap Rate 7%

$221,429

Cap Rate 9%

$172,222

Alternative Uses

Best Use

Mixed Use

$221.4K

$193.8K – $258.3K (±1% cap)

NOI $15,500 @ 7.0% cap · market cap 3.88%

Second Best

Retail

$211.6K

$185.2K – $246.9K (±1% cap)

NOI $14,813 @ 7.0% cap · market cap 3.71%

Theoretical Best

Warehouse

$1.45M

$1.27M – $1.70M (±1% cap)

NOI $101,707 @ 7.0% cap · market cap 25.49%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Groovy Clouds (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Electrical Service Auto Parts 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.

Lease Details

1

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

112

Businesses Nearby

Explore this area Business Placement

Demographics for 53179, WI

6,206

Population

2,761

Households

2.2

Avg Household Size

42

Median Age

26%

College-Educated

92%

High-School Grad

10.5 sq mi

ZIP Area

591

Density / Sq Mi

$93,333

Median Household Income

$53,318

Median Earnings

$1,127

Median Rent

$265,600

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-level property combines commercial space with an updated apartment and on-site parking.

Where is this mixed-use property located?

The property is located at 12425 Antioch Rd Trevor, WI.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Updated 1,248‑square‑foot commercial space with 2 bathrooms; 1,100‑square‑foot upper‑level apartment with 2 bedrooms and 2 bathrooms; 0.49 total acres across two tax parcels