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Flexible Office Building
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1680 Huebbe Parkway, Beloit, WI 53511

New roof, gutters, interior paint, and updated flooring support a flexible layout with a bathroom and multiple usable rooms.

Property Size784 SF
Price / SF$210.33
Days on Market142

Property Features for 1680 Huebbe Parkway

General Information

Standard status Active
Size 784 SF
Property subtype Special Purpose

Building Details

Year Built 1982
Listing Agency: CENTURY 21 Affiliated
Listed By: Karla Clark · License #WI
Source: Crexi
Added: Apr 17 Changed: Sep 4 Last Checked: Aug 31 at 4:46AM

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 CENTURY 21 Affiliated

Investment Insights

Based on property information with market context.

This commercial building offers a flexible interior layout designed for a variety of office and service uses. Recent improvements include a brand-new roof and gutters, interior paint, and updated flooring. The space includes a bathroom and multiple rooms that can be used as private offices, treatment rooms, or meeting spaces.

Located at 1680 Huebbe Parkway in Beloit, WI, the property is currently undergoing exterior updates, with the front door being painted and the back door being replaced.

The configuration is well-suited to professional office needs and smaller service-oriented operations, including uses described in the remarks such as counseling or therapy, salon or barbershop, boutique retail, medical or wellness clinic, and creative studio or co-working space.

Key Highlights

  • Commercial building built in 1982 with a flexible interior layout and a bathroom
  • Brand‑new roof and gutters, plus interior paint and updated flooring for a low‑maintenance start
  • Multiple rooms can be used as private offices, treatment rooms, or meeting spaces

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
$10,965
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
6.65%
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%
$219,300 $219.3K
Cap Rate 7%
$156,643 $156.6K
Cap Rate 9%
$121,833 $121.8K
Market Conditions
NOI Build-Up for 784 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
$19.8K $25.20/SF
− Vacancy
−$1.5K −$1.89/SF
EGI
$18.3K $23.31/SF
− OpEx
−$7.3K −$9.32/SF
NOI
$11.0K $13.99/SF
Area
Rock County, WI
Vacancy
7.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
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%
$219,300
Cap Rate 7%
$156,643
Cap Rate 9%
$121,833

Alternative Uses

Best Use
Healthcare Medical
$156.6K
$137.1K – $182.8K (±1% cap)
NOI $10,965 @ 7.0% cap · market cap 6.65%
Second Best
Office B
$147.3K
$128.9K – $171.9K (±1% cap)
NOI $10,312 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$188.4K
$164.9K – $219.8K (±1% cap)
NOI $13,188 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Kinast Law Office ... Law Firm

Suggested Use

Top Pick Law Firm Real Estate Agency Kitchen & Bath Showroom Bakery (Bike/Boat/Book/etc) Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

812
Businesses Nearby

Demographics for 53511, WI

48,659
Population
19,372
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
114.9 sq mi
ZIP Area
423
Density / Sq Mi
$65,305
Median Household Income
$39,344
Median Earnings
$995
Median Rent
$160,000
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - New roof, gutters, interior paint, and updated flooring support a flexible layout with a bathroom and multiple usable rooms.
Where is this office units located?
The property is located at 1680 Huebbe Parkway Beloit, WI.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: Commercial building built in 1982 with a flexible interior layout and a bathroom; Brand‑new roof and gutters, plus interior paint and updated flooring for a low‑maintenance start; Multiple rooms can be used as private offices, treatment rooms, or meeting spaces
(608) 207-0421 Call to check price and availability
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