Mixed-Use Property with Heated
For Sale
$799,900
14108 58th Rd, Sturtevant, WI 53177
M3-zoned property combines residential improvements with substantial accessory structures.
Property Size2,404 SF
Price / SF$332.74
Days on Market219
Property Features for 14108 58th Rd
General Information
Standard status
Active
Size
2,404 SF
Property subtype
Commercial
Building Details
Year Built
1967
Listing Agency:
Shorewest Realtors, Inc.
(262) 206-1162
Listed By:
Michelle Vanek PropertyInfo@shorewest.com
Source:
Viewhomesinwisconsin
Added: Jan 22
Changed: Aug 29
Last Checked: Aug 26 at 8:23AM
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 Shorewest Realtors, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property includes a two-bedroom, one-and-a-half-bath residence with a 25 X 25 lower level that is ready to be finished. The home has a new furnace and water heater installed in 2024. Two large heated pole barns, multiple lean-to areas, and a partially heated drive-through garage provide substantial enclosed and covered space. The improvements date to 1967, and the property is currently used residentially under a non-conforming use within M3 zoning.
Set on 2 acres, the property includes a pond and gazebo. It is located a block from the I-94 on/off ramps serving Hwy 11. Additional property is available, providing an option to expand the overall holding.
Set on 2 acres, the property includes a pond and gazebo. It is located a block from the I-94 on/off ramps serving Hwy 11. Additional property is available, providing an option to expand the overall holding.
Key Highlights
- M3 zoning with current non‑conforming residential use
- Two heated pole barns, each measuring 150 X 40
- Lean‑to areas measure 30 x 54 and 40 x 75; portions are partially heated
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
$24,881
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
3.11%
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%
$497,620
$497.6K
Cap Rate 7%
$355,443
$355.4K
Cap Rate 9%
$276,456
$276.5K
Market Conditions
NOI Build-Up for 2,404 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
$43.3K $18.00/SF
− Vacancy
−$3.5K −$1.44/SF
EGI
$39.8K $16.56/SF
− OpEx
−$14.9K −$6.21/SF
NOI
$24.9K $10.35/SF
Area
Racine County, WI
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$497,620
Cap Rate 7%
$355,443
Cap Rate 9%
$276,456
Alternative Uses
Best Use
Mixed Use
$355.4K
$311.0K – $414.7K
NOI $24,881 @ 7.0% cap · market cap 3.11%
Second Best
Flex RnD
$303.1K
$265.2K – $353.7K
NOI $21,219 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$578.1K
$505.9K – $674.5K
NOI $40,468 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 53177, WI
8,482
Population
2,566
Households
3.3
Avg Household Size
40
Median Age
24%
College-Educated
90%
High-School Grad
27.6 sq mi
ZIP Area
307
Density / Sq Mi
$77,409
Median Household Income
$46,314
Median Earnings
$1,295
Median Rent
$228,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - M3-zoned property combines residential improvements with substantial accessory structures.
Where is this mixed-use property located?
The property is located at 14108 58th Rd Sturtevant, WI.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: M3 zoning with current non‑conforming residential use; Two heated pole barns, each measuring 150 X 40; Lean‑to areas measure 30 x 54 and 40 x 75; portions are partially heated
