Freestanding Building on West
For Sale
$395,000
2100 W Court St, Janesville, WI 53545
Versatile 2,161 SF building on high-visibility corner.
Property Size2,161 SF
Lot Size0.33 Acres
Price / SF$182.79
Days on Market156
Property Features for 2100 W Court St
General Information
Standard status
Active
Size
2,161 SF
Lot size
0.33 Acres
Property subtype
Office
Zoning
O-1
Building Details
Building Size
2,161 SF
Year Built
1978
Listing Agency:
Coldwell Banker Commercial McGuire Mears & Associates
(608) 314-8257
Listed By:
Adam Shultz · License #5938590
(608) 314-8257
Source:
Cbcworldwide
Added: Mar 5
Changed: Aug 8
Last Checked: Aug 8 at 6:05AM
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 Commercial McGuire Mears & Associates
Investment Insights
Based on property information with market context.
This 2,161 square foot freestanding building is located on a high-visibility corner on West Court Street. The property, situated on 0.33 acres, was originally configured with one space as a dental clinic and the other currently leased to an Edward Jones office through mid-2027, providing immediate cash flow. The property is suitable for an investor or an owner-user, particularly in the dental or medical field, looking to capitalize on a clinical layout. The strategic location and functional layout provide a value-add opportunity.
Key Highlights
- High‑visibility corner location on Janesville’s West Court Street
- Versatile 2,161 SF freestanding building
- Income‑producing tenant (Edward Jones) in place through mid‑2027
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
$30,224
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
7.65%
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%
$604,480
$604.5K
Cap Rate 7%
$431,771
$431.8K
Cap Rate 9%
$335,822
$335.8K
Market Conditions
NOI Build-Up for 2,161 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
$54.5K $25.20/SF
− Vacancy
−$4.1K −$1.89/SF
EGI
$50.4K $23.31/SF
− OpEx
−$20.1K −$9.32/SF
NOI
$30.2K $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%
$604,480
Cap Rate 7%
$431,771
Cap Rate 9%
$335,822
Alternative Uses
Best Use
Healthcare Medical
$431.8K
$377.8K – $503.7K
NOI $30,224 @ 7.0% cap · market cap 7.65%
Second Best
Office B
$406.1K
$355.3K – $473.8K
NOI $28,425 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$519.3K
$454.4K – $605.9K
NOI $36,351 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,885
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53545, WI
23,318
Population
11,170
Households
2.1
Avg Household Size
41
Median Age
29%
College-Educated
94%
High-School Grad
22.5 sq mi
ZIP Area
1,036
Density / Sq Mi
$70,730
Median Household Income
$42,567
Median Earnings
$1,006
Median Rent
$204,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Janesville Veterinary Clinic — 1802 Mineral Point Ave, Janesville, WI 53548
- Janesville Veterinary Clinic: Hotchkiss Michael DVM — 1802 Mineral Point Ave, Janesville, WI 53548
- Arens Brenda DVM — 1802 Mineral Point Ave, Janesville, WI 53548, United States
Frequently Asked Questions
What type of property is this?
Medical Office Space - Versatile 2,161 SF building on high-visibility corner.
Where is this medical office space located?
The property is located at 2100 W Court St Janesville, WI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: High‑visibility corner location on Janesville’s West Court Street; Versatile 2,161 SF freestanding building; Income‑producing tenant (Edward Jones) in place through mid‑2027
