Single-Story Office
For Sale
Contact for pricing
Pending
167 N Main, Oregon, WI 53521
Existing chiropractic layout can be adapted for general office use.
Property Size2,059 SF
Days on Market291
Property Features for 167 N Main
General Information
Standard status
Pending
Size
2,059 SF
Property subtype
Retail, Office
Building Details
Year Built
1952
Buildings
1
Stories
1
Units
1
Listing Agency:
RE/MAX Preferred
Listed By:
Pam Raschein · License #34692-90
Source:
Crexi
Added: Nov 14, 2025
Changed: Aug 29
Last Checked: Aug 31 at 6:51AM
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 RE/MAX Preferred
Investment Insights
Based on property information with market context.
This single-story office property is currently configured for chiropractic operations and includes an interior and exterior described as well maintained. The existing layout may be modified for general office use, providing flexibility for an office occupant or owner-user.
The property is positioned in downtown Oregon with exposure to high traffic and adequate parking. Built in 1952, the building offers an established office setting with a practical existing configuration.
The property is positioned in downtown Oregon with exposure to high traffic and adequate parking. Built in 1952, the building offers an established office setting with a practical existing configuration.
Key Highlights
- Single‑story office building
- Currently configured as a chiropractic office
- Layout may be modified for general office use
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
$28,486
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
5.70%
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%
$569,720
$569.7K
Cap Rate 7%
$406,943
$406.9K
Cap Rate 9%
$316,511
$316.5K
Market Conditions
NOI Build-Up for 2,059 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
$45.2K $21.96/SF
− Vacancy
−$7.2K −$3.51/SF
EGI
$38.0K $18.45/SF
− OpEx
−$9.5K −$4.61/SF
NOI
$28.5K $13.83/SF
Area
Dane County, WI
Vacancy
16.00%
Lease Rate
$21.96 /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%
$569,720
Cap Rate 7%
$406,943
Cap Rate 9%
$316,511
Alternative Uses
Best Use
Office B
$406.9K
$356.1K – $474.8K
NOI $28,486 @ 7.0% cap · market cap 5.70%
Second Best
Healthcare Medical
$350.3K
$306.5K – $408.7K
NOI $24,523 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$478.5K
$418.7K – $558.2K
NOI $33,493 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Explore this area
Business Placement
Demographics for 53521, WI
3,857
Population
1,433
Households
2.7
Avg Household Size
42
Median Age
35%
College-Educated
96%
High-School Grad
59.7 sq mi
ZIP Area
65
Density / Sq Mi
$101,731
Median Household Income
$52,979
Median Earnings
$1,157
Median Rent
$365,600
Median Home Value
Market
Vacancy Rate% for Office 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?
Office building - Existing chiropractic layout can be adapted for general office use.
Where is this office building located?
The property is located at 167 N Main Oregon, WI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Single‑story office building; Currently configured as a chiropractic office; Layout may be modified for general office use
