Building Details

Buildings 1

Building Size 1,848 SF

Listing Agency: Berkshire Hathaway Starck Real Estate w***@starckre.com Show Phone

Listed By: Shari Rauland Mohr Show Phone

Source: Exprealty

Added: Oct 17 Changed: Oct 21 Last Checked: Oct 21 at 2:34AM

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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 Berkshire Hathaway Starck Real Estate

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,848-square-foot office building sits on a 1-acre corner parcel at State Hwy 67 and Glenn St. Its interior includes multiple offices, two large group spaces, two bathrooms, a break room with kitchenette, and a supply room. Built-in cabinetry, observation windows between rooms, and several entry doors are also present.

Paved parking areas serve the property, with entrance drives from both State Hwy 67 and Glenn St. A grassy lawn provides additional outdoor space. The property is near local businesses and roads leading to Walworth, Fontana, Lake Geneva, and Illinois.

Key Highlights

• 1,848‑square‑foot office building on a 1‑acre corner lot
• Located at State Hwy 67 and Glenn St, with driveways from both roads
• Multiple offices, two large group spaces, and two bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,216

Suggested Prices Based on Cap Rates

Cap Rate 5%

$324,320 $324.3K

Cap Rate 7%

$231,657 $231.7K

Cap Rate 9%

$180,178 $180.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,848 SF

Gross rent

$27.7K $15.00/SF

− Vacancy

−$6.1K −$3.30/SF

EGI

$21.6K $11.70/SF

− OpEx

−$5.4K −$2.93/SF

NOI

$16.2K $8.78/SF

Area

Walworth County, WI

Vacancy

22.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$324,320

Cap Rate 7%

$231,657

Cap Rate 9%

$180,178

Alternative Uses

Best Use

Office B

$231.7K

$202.7K – $270.3K (±1% cap)

NOI $16,216 @ 7.0% cap · market cap 540.53%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$356.6K

$312.1K – $416.1K (±1% cap)

NOI $24,965 @ 7.0% cap · market cap 832.17%

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

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Auto Repair Shop Pharmacy 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

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

266

Businesses Nearby

Explore this area Business Placement

Demographics for 53184, WI

4,096

Population

1,644

Households

2.5

Avg Household Size

42

Median Age

26%

College-Educated

86%

High-School Grad

30.9 sq mi

ZIP Area

133

Density / Sq Mi

$76,875

Median Household Income

$39,014

Median Earnings

$991

Median Rent

$279,300

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - A flexible office layout includes private rooms, group areas, and a kitchenette.

Where is this office building located?

The property is located at 125 State Road 67 Walworth, WI.

What are key features of this property?

This property features: 1,848‑square‑foot office building on a 1‑acre corner lot; Located at State Hwy 67 and Glenn St, with driveways from both roads; Multiple offices, two large group spaces, and two bathrooms