Corner Lot Warehouse with Rental
For Sale
$349,000
130 North Judson Street, Wisconsin Dells, WI 53965
A 40x60 warehouse on a corner lot is currently rented, offering immediate occupancy in Lake Delton.
Property Size2,400 SF
Lot Size0.50 Acres
Price / SF$145.42
Days on Market786
Property Features for 130 North Judson Street
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.50 Acres
Property subtype
Business/Comm / Apartment building-Commercial Condo
Zoning
C2
Taxes and HOA fees
Annual Taxes
$885
Amenities
Poured concrete foundatn
Forced air
Vinyl
Building Details
Year Built
1980
Listing Agency:
Berkshire Hathaway HomeServices Local Realty
Listed By:
Anamaria Gorius · License #58430-90
(608) 448-9483
Source:
Compass
Added: Jul 14, 2024
Changed: Aug 8
Last Checked: Jul 23 at 2:09PM
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 HomeServices Local Realty
Investment Insights
Based on property information with market context.
This property offers a corner-lot warehouse configuration totaling 40x60, with the warehouse currently rented. The site is described as a half-acre corner parcel, providing a straightforward footprint for light commercial storage and operating needs.
The warehouse is located in the heart of Lake Delton, within Wisconsin Dells, at 130 North Judson Street. The public remarks also note that an adjacent parcel and a home are available for sale, allowing for potential expansion options if a buyer wants to assemble additional space.
For buyers seeking a ready-to-operate warehouse space, the key takeaway is the existing rental status of the warehouse and the corner-lot setting, along with the availability of nearby adjoining property mentioned in the remarks.
The warehouse is located in the heart of Lake Delton, within Wisconsin Dells, at 130 North Judson Street. The public remarks also note that an adjacent parcel and a home are available for sale, allowing for potential expansion options if a buyer wants to assemble additional space.
For buyers seeking a ready-to-operate warehouse space, the key takeaway is the existing rental status of the warehouse and the corner-lot setting, along with the availability of nearby adjoining property mentioned in the remarks.
Key Highlights
- 40x60 warehouse currently rented for immediate occupancy
- Half‑acre corner lot
- Built in 1980
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
$19,281
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
5.52%
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%
$385,620
$385.6K
Cap Rate 7%
$275,443
$275.4K
Cap Rate 9%
$214,233
$214.2K
Market Conditions
NOI Build-Up for 2,400 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
$24.3K $10.13/SF
− Vacancy
−$1.6K −$0.68/SF
EGI
$22.7K $9.45/SF
− OpEx
−$3.4K −$1.42/SF
NOI
$19.3K $8.03/SF
Area
Columbia County, WI
Vacancy
6.70%
Lease Rate
$10.13 /SF/Yr
Expense Ratio
15.00%
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%
$385,620
Cap Rate 7%
$275,443
Cap Rate 9%
$214,233
Alternative Uses
Best Use
Warehouse
$275.4K
$241.0K – $321.4K
NOI $19,281 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$539.2K
$471.8K – $629.1K
NOI $37,743 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53965, WI
11,361
Population
6,792
Households
1.7
Avg Household Size
43
Median Age
22%
College-Educated
94%
High-School Grad
168.7 sq mi
ZIP Area
67
Density / Sq Mi
$65,237
Median Household Income
$36,823
Median Earnings
$938
Median Rent
$211,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Self Storage of Wis Dells - Munroe Ave — 301 W Munroe Ave, Lake Delton, WI 53940
Frequently Asked Questions
What type of property is this?
Warehouse - A 40x60 warehouse on a corner lot is currently rented, offering immediate occupancy in Lake Delton.
Where is this warehouse located?
The property is located at 130 North Judson Street Wisconsin Dells, WI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 40x60 warehouse currently rented for immediate occupancy; Half‑acre corner lot; Built in 1980
