Building Details

Year Built 1880

Construction historic brick

Listing Agency: Coldwell Banker HomeSale Realty - Wauwatosa

Listed By: Tristaca T Patrick-Yarbrough Show Phone

Source: Tumpanelegacy

Added: Jul 21 Changed: Oct 6 Last Checked: Oct 21 at 12:38AM

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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 Coldwell Banker HomeSale Realty - Wauwatosa

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Investment Insights

Based on property information with market context.

This historic brick mixed-use building offers a storefront configuration with approximately 40 feet of frontage, along with exterior tuckpointing and a newer rubber membrane roof. The property includes an active month-to-month tenant generating immediate rental income, while the upper level provides additional value through its separate space.

Located at 194 Baldwin St in Sharon, Wisconsin, the building’s storefront presence is positioned for retail or local service activity along the street frontage.

The asset is approximately 1,500 square feet and is being offered for sale with the current month-to-month tenancy in place.

Key Highlights

• Approx. 1,500 sq ft historic brick mixed‑use building in Sharon, WI
• About 40 ft of Baldwin Street frontage for storefront visibility
• Newer rubber membrane roof and tuckpointed exterior

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,163

Cap Rate

7.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$263,260 $263.3K

Cap Rate 7%

$188,043 $188.0K

Cap Rate 9%

$146,256 $146.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$22.5K $15.00/SF

− Vacancy

−$5.0K −$3.30/SF

EGI

$17.6K $11.70/SF

− OpEx

−$4.4K −$2.93/SF

NOI

$13.2K $8.78/SF

Area

Walworth County, WI

Vacancy

22.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$263,260

Cap Rate 7%

$188,043

Cap Rate 9%

$146,256

Alternative Uses

Best Use

Office B

$188.0K

$164.5K – $219.4K (±1% cap)

NOI $13,163 @ 7.0% cap · market cap 7.88%

Second Best

Retail

$178.8K

$156.5K – $208.7K (±1% cap)

NOI $12,519 @ 7.0% cap · market cap 7.50%

Theoretical Best

Specialty Retail

$289.5K

$253.3K – $337.7K (±1% cap)

NOI $20,264 @ 7.0% cap · market cap 12.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Doug Cartland Inc Consultant

Suggested Use

Top Pick Building Supply Auto Repair Shop Dental Office Hair Salon Auto Parts Store Grocery & Convenience Store

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

109

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 53585, WI

2,130

Population

896

Households

2.4

Avg Household Size

40

Median Age

16%

College-Educated

85%

High-School Grad

27.2 sq mi

ZIP Area

78

Density / Sq Mi

$71,683

Median Household Income

$37,406

Median Earnings

$1,052

Median Rent

$206,700

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

Frequently Asked Questions

What type of property is this?

Storefront property - Historic brick mixed-use building with storefront visibility, 40 feet of frontage, and a newer rubber membrane roof.

Where is this storefront property located?

The property is located at 194 Baldwin St Sharon, WI.

What is the asking price?

The asking price for this property is $167,000.

What are key features of this property?

This property features: Approx. 1,500 sq ft historic brick mixed‑use building in Sharon, WI; About 40 ft of Baldwin Street frontage for storefront visibility; Newer rubber membrane roof and tuckpointed exterior