Assisted Living Property with Finished
For Sale
$345,000
1321 Sherman, Janesville, WI 53545
A private office and multiple shared rooms provide distinct spaces within the building.
Property Size2,769 SF
Price / SF$124.59
Days on Market19
Property Features for 1321 Sherman
General Information
Standard status
Active
Size
2,769 SF
Property subtype
Commercial
Building Details
Year Built
1953
Buildings
1
Construction
brick
Listing Agency:
Realty Executives Premier
Listed By:
Sarah McLean · License #5896790
(608) 635-5445
Source:
Viewhomesinwisconsin
Added: Sep 18
Changed: Oct 5
Last Checked: Oct 5 at 7:00PM
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 Realty Executives Premier
Investment Insights
Based on property information with market context.
Built in 1953, this 2,769-square-foot brick property has six bedrooms and a main level arranged with two living rooms, a kitchen, and a three-season porch. The basement adds a finished area, an additional bathroom, and a private office. Zoned heating and cooling serves the property.
The building was previously used as a CBRF facility. Its interior includes several separate gathering and work areas, along with bedroom space and a kitchen. The porch opens toward the backyard.
The building was previously used as a CBRF facility. Its interior includes several separate gathering and work areas, along with bedroom space and a kitchen. The porch opens toward the backyard.
Key Highlights
- 2,769‑square‑foot brick building constructed in 1953
- Six bedrooms and two full bathrooms
- Previously used as a CBRF facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,457
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,140
$449.1K
Cap Rate 7%
$320,814
$320.8K
Cap Rate 9%
$249,522
$249.5K
Market Conditions
NOI Build-Up for 2,769 SF
Gross rent
$42.5K $15.36/SF
− Vacancy
−$1.7K −$0.61/SF
EGI
$40.8K $14.75/SF
− OpEx
−$18.4K −$6.64/SF
NOI
$22.5K $8.11/SF
Area
Rock County, WI
Vacancy
4.00%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$449,140
Cap Rate 7%
$320,814
Cap Rate 9%
$249,522
Alternative Uses
Best Use
Apartment 5plus
$320.8K
$280.7K – $374.3K
NOI $22,457 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$665.4K
$582.2K – $776.3K
NOI $46,579 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53545, WI
23,318
Population
11,170
Households
2.1
Avg Household Size
41
Median Age
29%
College-Educated
94%
High-School Grad
22.5 sq mi
ZIP Area
1,036
Density / Sq Mi
$70,730
Median Household Income
$42,567
Median Earnings
$1,006
Median Rent
$204,000
Median Home Value
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Similar Off Market Nearby
- First Senior Phase II — 1801 E Milwaukee St, Janesville, WI 53546
- Sherman Home — 1321 Sherman Ave, Janesville, WI 53545
- Sherman Annex — 1329 Sherman Ave, Janesville, WI 53545
- hawthorne home - janesville, wi — 719 Hawthorne Ave, Janesville, WI 53545
Frequently Asked Questions
What type of property is this?
Assisted living facility - A private office and multiple shared rooms provide distinct spaces within the building.
Where is this assisted living facility located?
The property is located at 1321 Sherman Janesville, WI.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 2,769‑square‑foot brick building constructed in 1953; Six bedrooms and two full bathrooms; Previously used as a CBRF facility
