55+ Residential Income
For Sale
$284,900
1430 Whitrock Avenue, Wisconsin Rapids, WI 54494
Zero-lot-line condo with open living areas, screened porch, and flexible lower-level space.
Property Size1,684 SF
Price / SF$169.18
Days on Market36
Property Features for 1430 Whitrock Avenue
General Information
Standard status
Active
Size
1,684 SF
Property subtype
Land
Additional Details
Multifamily Units
1
Building Details
Year Built
2005
Listing Agency:
Kpr Brokers, LLC
Listed By:
Kelly Weiler
(715) 965-1234
Source:
Familytreerealtyllc
Added: Aug 16
Changed: Sep 19
Last Checked: Sep 19 at 9:43AM
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 Kpr Brokers, LLC
Investment Insights
Based on property information with market context.
This 1,684-square-foot residential income property is a zero-lot-line condo in Rosewood Estates, a 55+ community. Built in 2005, it has an open main-level arrangement with a kitchen, dining area, living room, two bedrooms, a full bathroom, laundry room, and a second full bathroom near the kitchen. The kitchen includes cabinetry, a pantry, counter seating, and appliances, while patio doors connect the dining area to a screened porch. Vaulted ceilings add volume to the living room.
The partially finished lower level includes a family room, storage, and an egress window supporting the potential addition of a third bedroom. Plumbing is already in place for a third bathroom. Residents also have access to a landscaped common area for community gatherings. The property is located at 1430 Whitrock Avenue in Wisconsin Rapids, Wisconsin. Showings are not available until August 31, 2026.
The partially finished lower level includes a family room, storage, and an egress window supporting the potential addition of a third bedroom. Plumbing is already in place for a third bathroom. Residents also have access to a landscaped common area for community gatherings. The property is located at 1430 Whitrock Avenue in Wisconsin Rapids, Wisconsin. Showings are not available until August 31, 2026.
Key Highlights
- 1,684 SF zero‑lot‑line condo in Rosewood Estates
- 55+ community with a landscaped common area
- Built in 2005
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
$10,359
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
3.64%
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%
$207,180
$207.2K
Cap Rate 7%
$147,986
$148.0K
Cap Rate 9%
$115,100
$115.1K
Market Conditions
NOI Build-Up for 1,684 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
$20.2K $12.00/SF
− Vacancy
−$1.4K −$0.82/SF
EGI
$18.8K $11.18/SF
− OpEx
−$8.5K −$5.03/SF
NOI
$10.4K $6.15/SF
Area
Wood County, WI
Vacancy
6.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
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%
$207,180
Cap Rate 7%
$147,986
Cap Rate 9%
$115,100
Alternative Uses
Best Use
Apartment 5plus
$148.0K
$129.5K – $172.7K
NOI $10,359 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$326.7K
$285.9K – $381.2K
NOI $22,869 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
Explore this area
Business Placement
Demographics for 54494, WI
27,420
Population
13,110
Households
2.1
Avg Household Size
47
Median Age
23%
College-Educated
95%
High-School Grad
125.3 sq mi
ZIP Area
219
Density / Sq Mi
$71,087
Median Household Income
$43,800
Median Earnings
$954
Median Rent
$170,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Zero-lot-line condo with open living areas, screened porch, and flexible lower-level space.
Where is this residential income property located?
The property is located at 1430 Whitrock Avenue Wisconsin Rapids, WI.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: 1,684 SF zero‑lot‑line condo in Rosewood Estates; 55+ community with a landscaped common area; Built in 2005
