Building Details

Year Built 1970

Buildings 1

Listing Agency: Tim Slack Auction & Realty, LL

Listed By: Kathy Slack · License #5623094 Show Phone

Source: Madisonareahomelistings

Added: Aug 31 Changed: Oct 16 Last Checked: Oct 19 at 7:26AM

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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 Tim Slack Auction & Realty, LL

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Investment Insights

Based on property information with market context.

This commercial storefront property contains two units within a 2,304-square-foot building constructed in 1970. The property is positioned along a busy highway at 200 Hwy 18 in Montfort, Wisconsin, providing a roadside setting for the existing commercial improvements.

Key Highlights

• Two‑unit commercial storefront building
• 2,304‑square‑foot building
• Located along a busy highway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,784

Suggested Prices Based on Cap Rates

Cap Rate 5%

$595,680 $595.7K

Cap Rate 7%

$425,486 $425.5K

Cap Rate 9%

$330,933 $330.9K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,304 SF

Gross rent

$43.7K $18.96/SF

− Vacancy

−$1.1K −$0.49/SF

EGI

$42.5K $18.47/SF

− OpEx

−$12.8K −$5.54/SF

NOI

$29.8K $12.93/SF

Area

Grant County, WI

Vacancy

2.60%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$595,680

Cap Rate 7%

$425,486

Cap Rate 9%

$330,933

Alternative Uses

Best Use

Retail

$425.5K

$372.3K – $496.4K (±1% cap)

NOI $29,784 @ 7.0% cap · market cap 2,978,400.00%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$637.8K

$558.1K – $744.2K (±1% cap)

NOI $44,649 @ 7.0% cap · market cap 4,464,900.00%

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

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Plumbing Service Grocery & Convenience Store Auto Repair Shop Veterinary Clinic Real Estate Agency

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

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 53569, WI

1,147

Population

434

Households

2.6

Avg Household Size

42

Median Age

22%

College-Educated

97%

High-School Grad

43.5 sq mi

ZIP Area

26

Density / Sq Mi

$86,458

Median Household Income

$43,365

Median Earnings

$907

Median Rent

$198,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Storefront property - Commercial storefront building with a two-unit layout along a busy highway.

Where is this storefront property located?

The property is located at 200 Hwy 18 Montfort, WI.

What are key features of this property?

This property features: Two‑unit commercial storefront building; 2,304‑square‑foot building; Located along a busy highway