Ranch Style Duplex
For Sale
$350,000
1802 Fjord Pass, Mount Horeb, WI 53572
Duplex condo with walkout basement and two-car garage.
Property Size1,499 SF
Price / SF$233.49
Days on Market109
Property Features for 1802 Fjord Pass
General Information
Standard status
Active
Size
1,499 SF
Property subtype
Condo / Ranch-1 Story
Zoning
res
Taxes and HOA fees
Annual Taxes
$4,753
Amenities
Stove, refrigerator, microwave, dishwasher, water softener, window coverings
Forced air, Central air
Wood or sim. wood floors, Vaulted ceiling, Water softener included, Cable/Satellite Available, At Least 1 tub
Vinyl, Brick
Gas, 1 fireplace
Private Entry, Deck/Balcony
Building Details
Year Built
2006
Listing Agency:
Century 21 Affiliated Pfister
(608) 437-3044
Listed By:
Alex Pfister · License #8624-90
(608) 437-3044
Source:
Compass
Added: May 13
Changed: Aug 8
Last Checked: Jul 23 at 9:51AM
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 Century 21 Affiliated Pfister
Investment Insights
Based on property information with market context.
This ranch-style duplex condo is located near shopping areas. The property features new carpet in the living room, along with a gas fireplace and vaulted ceiling. The primary bedroom includes a full bathroom with double sinks. The large kitchen has a deck accessible from the dining area. There are two full bathrooms and a first-floor laundry. The property also includes a walkout basement, suitable for a future family room or bedroom. A radon system is installed. The property has a 2-car garage. The property size is 1499 square feet.
Key Highlights
- Ranch style duplex condo provides single‑level living.
- 2‑car garage offers convenient parking and storage.
- Large kitchen with deck off dining area is ideal for cooking and entertaining.
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
$13,756
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
3.93%
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%
$275,120
$275.1K
Cap Rate 7%
$196,514
$196.5K
Cap Rate 9%
$152,844
$152.8K
Market Conditions
NOI Build-Up for 1,499 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
$20.7K $13.80/SF
− Vacancy
−$1.0K −$0.69/SF
EGI
$19.7K $13.11/SF
− OpEx
−$5.9K −$3.93/SF
NOI
$13.8K $9.18/SF
Area
Dane County, WI
Vacancy
5.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$275,120
Cap Rate 7%
$196,514
Cap Rate 9%
$152,844
Alternative Uses
Best Use
Multifamily LT 5
$196.5K
$172.0K – $229.3K
NOI $13,756 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$172.8K
$151.2K – $201.6K
NOI $12,094 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$348.3K
$304.8K – $406.4K
NOI $24,384 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 53572, WI
10,549
Population
4,032
Households
2.6
Avg Household Size
41
Median Age
47%
College-Educated
97%
High-School Grad
99.1 sq mi
ZIP Area
106
Density / Sq Mi
$104,604
Median Household Income
$55,945
Median Earnings
$1,243
Median Rent
$381,900
Median Home Value
Market
Vacancy Rate% for Multifamily 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?
Duplex - Duplex condo with walkout basement and two-car garage.
Where is this duplex located?
The property is located at 1802 Fjord Pass Mount Horeb, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Ranch style duplex condo provides single‑level living.; 2‑car garage offers convenient parking and storage.; Large kitchen with deck off dining area is ideal for cooking and entertaining.
