Residential Income Property with
For Sale
$600,000
2 Sebring Court, Madison, WI 53719
Updated 55+ community residence offering main-level living, flexible lower-level space, and a private outdoor courtyard.
Property Size2,780 SF
Price / SF$215.83
Days on Market68
Property Features for 2 Sebring Court
General Information
Standard status
Active
Size
2,780 SF
Total Parking Spaces
2
Property subtype
Condo / Ranch-1 Story
Zoning
Res
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,696
Amenities
Seller personal property
Double Oven/Stove, Refrigerator, Dishwasher, Microwave, Water Softener, Window Treatments, Garage Cabinets
Forced air, Central air
Wood or sim. wood floors, Walk-in closet(s), Great room, Vaulted ceiling, Skylight(s), Washer, Dryer, Water softener included, Cable/Satellite Available, Internet - Cable, Internet -Fiber Available
Stucco
Gas, 1 fireplace
Private Entry, Deck/Balcony, Patio, Cul de Sac
Building Details
Year Built
1996
Listing Agency:
The Kruse Company, REALTORS
(608) 231-5151
Listed By:
Beth Brockish · License #49589-90
(608) 231-5151
Source:
Compass
Added: Jun 24
Changed: Aug 29
Last Checked: Aug 29 at 10:40PM
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 The Kruse Company, REALTORS
Investment Insights
Based on property information with market context.
This residential income property provides 2,780 SF of living space in a 1996-built residence within a 55+ community. The main level combines hardwood flooring, vaulted ceilings, a stone fireplace, and abundant natural light with an updated kitchen featuring a walk-in pantry and coffee nook. The owner’s suite includes a beamed ceiling, walk-in closet, and deck access.
The lower level adds an open entertainment area, third bedroom, full bathroom, substantial storage, and a walkout to a private courtyard. A two-car garage provides enclosed parking and additional cabinets. The property is positioned on a cul-de-sac at 2 Sebring Court in Madison, with shopping, restaurants, and activities nearby. Res zoning is identified for the property.
The lower level adds an open entertainment area, third bedroom, full bathroom, substantial storage, and a walkout to a private courtyard. A two-car garage provides enclosed parking and additional cabinets. The property is positioned on a cul-de-sac at 2 Sebring Court in Madison, with shopping, restaurants, and activities nearby. Res zoning is identified for the property.
Key Highlights
- 2,780 SF residential income property in a 55+ community
- Two‑car garage with additional garage cabinets
- Main‑level owner’s suite with beamed ceiling, walk‑in closet, and deck
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
$34,100
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
5.68%
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%
$682,000
$682.0K
Cap Rate 7%
$487,143
$487.1K
Cap Rate 9%
$378,889
$378.9K
Market Conditions
NOI Build-Up for 2,780 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
$64.7K $23.28/SF
− Vacancy
−$2.7K −$0.98/SF
EGI
$62.0K $22.30/SF
− OpEx
−$27.9K −$10.04/SF
NOI
$34.1K $12.27/SF
Area
Madison, WI
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$682,000
Cap Rate 7%
$487,143
Cap Rate 9%
$378,889
Alternative Uses
Best Use
Apartment 5plus
$487.1K
$426.3K – $568.3K
NOI $34,100 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$812.1K
$710.6K – $947.4K
NOI $56,845 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
Demographics for 53719, WI
32,151
Population
16,160
Households
2
Avg Household Size
35
Median Age
61%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
3,152
Density / Sq Mi
$92,223
Median Household Income
$59,334
Median Earnings
$1,429
Median Rent
$349,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated 55+ community residence offering main-level living, flexible lower-level space, and a private outdoor courtyard.
Where is this residential income property located?
The property is located at 2 Sebring Court Madison, WI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,780 SF residential income property in a 55+ community; Two‑car garage with additional garage cabinets; Main‑level owner’s suite with beamed ceiling, walk‑in closet, and deck
