Medical Office with Dental
For Sale
$825,000
N168w20566 Main St, Jackson, WI 53037
Medical office configured with treatment areas, private rooms, support spaces, and windows facing an adjacent park.
Property Size4,700 SF
Price / SF$175.53
Days on Market41
Property Features for N168w20566 Main St
General Information
Standard status
Active
Size
4,700 SF
Additional Details
Highway Access
Yes
Office Units
5
Amenities
private bath with shower
waiting room
dental stations with windows overlooking a park
lab
kitchenette with laundry hook up
lockers
surgery room
storage with sinks
backup generator
2 AC units
alarm system
Building Details
Year Built
2004
Buildings
1
Listing Agency:
Lannon Stone Realty LLC
(262) 242-8922
Listed By:
Brian Altman · License #43258-94
Source:
Nikolicgroup
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 28 at 12:13PM
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 Lannon Stone Realty LLC
Investment Insights
Based on property information with market context.
This 4,700-square-foot medical office was built in 2004 and offers a specialized layout that can support a range of professional operations. The interior includes five individual offices, a large reception area, five dental stations, a surgery room, two laboratory rooms, a kitchenette with laundry hookups, employee lockers, and storage areas with sinks. One office includes a private bathroom with a shower.
Building systems and support features include two AC units, a Kohler backup generator, and an alarm system. The property is located at N168w20566 Main St in Jackson, Wisconsin, with access to the interstate and an adjacent park. Park views are available from the dental stations through exterior windows.
Building systems and support features include two AC units, a Kohler backup generator, and an alarm system. The property is located at N168w20566 Main St in Jackson, Wisconsin, with access to the interstate and an adjacent park. Park views are available from the dental stations through exterior windows.
Key Highlights
- 4,700‑square‑foot medical office built in 2004
- Five individual offices, including one with a private bath and shower
- Five dental stations with windows overlooking the adjacent park
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
$66,827
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
8.10%
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%
$1,336,540
$1.3M
Cap Rate 7%
$954,671
$954.7K
Cap Rate 9%
$742,522
$742.5K
Market Conditions
NOI Build-Up for 4,700 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
$116.7K $24.84/SF
− Vacancy
−$27.6K −$5.88/SF
EGI
$89.1K $18.96/SF
− OpEx
−$22.3K −$4.74/SF
NOI
$66.8K $14.22/SF
Area
Washington County, WI
Vacancy
23.68%
Lease Rate
$24.84 /SF/Yr
Expense Ratio
25.00%
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%
$1,336,540
Cap Rate 7%
$954,671
Cap Rate 9%
$742,522
Alternative Uses
Best Use
Office B
$954.7K
$835.3K – $1.11M
NOI $66,827 @ 7.0% cap · market cap 8.10%
Second Best
Healthcare Medical
$875.6K
$766.2K – $1.02M
NOI $61,293 @ 7.0% cap · market cap 7.43%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,447 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53037, WI
10,072
Population
4,298
Households
2.3
Avg Household Size
43
Median Age
35%
College-Educated
97%
High-School Grad
23.1 sq mi
ZIP Area
436
Density / Sq Mi
$95,602
Median Household Income
$53,949
Median Earnings
$1,128
Median Rent
$312,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office configured with treatment areas, private rooms, support spaces, and windows facing an adjacent park.
Where is this medical office space located?
The property is located at N168w20566 Main St Jackson, WI.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 4,700‑square‑foot medical office built in 2004; Five individual offices, including one with a private bath and shower; Five dental stations with windows overlooking the adjacent park
