Building Details

Building Size 3,862 SF

Year Built 1858

Units 3

Listing Agency: Exp Realty, LLC w***@exprealty.net Show Phone

Listed By: Dara Longhenry Show Phone

Source: Geigerrealtors

Added: Aug 19 Changed: Oct 23 Last Checked: Oct 23 at 5:35PM

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Investment Insights

Based on property information with market context.

Century Elms is an operating bed and breakfast with 3,862 square feet of space on approximately 1.3 acres in Janesville. Built in 1858, the property has four guest units, each with a private bath, and a separate caretaker suite. A 13-month renovation preceded its current operation, and landscaped grounds with mature trees surround the building. The site also includes a curved driveway.

The property is zoned R2. Continued bed-and-breakfast use or conversion to a private residence would be subject to applicable zoning and use requirements. Seller training on the bed-and-breakfast infrastructure is available.

Key Highlights

• Operating bed and breakfast with 4 guest units
• Private bath in each guest unit, plus a separate caretaker suite
• 3,862 square feet on approximately 1.3 acres

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,620

Cap Rate

5.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$492,400 $492.4K

Cap Rate 7%

$351,714 $351.7K

Cap Rate 9%

$273,556 $273.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,862 SF

Gross rent

$55.6K $14.40/SF

− Vacancy

−$3.8K −$0.98/SF

EGI

$51.8K $13.42/SF

− OpEx

−$27.2K −$7.05/SF

NOI

$24.6K $6.37/SF

Area

Rock County, WI

Vacancy

6.80%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$492,400

Cap Rate 7%

$351,714

Cap Rate 9%

$273,556

Alternative Uses

Best Use

Hotel Hospitality

$351.7K

$307.8K – $410.3K (±1% cap)

NOI $24,620 @ 7.0% cap · market cap 5.48%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$928.1K

$812.1K – $1.08M (±1% cap)

NOI $64,965 @ 7.0% cap · market cap 14.47%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Century Elms Bed ... Bed & Breakfast

Suggested Use

Top Pick Hair Salon Nail Salon HVAC Service Restaurant Grocery & Convenience Store Accounting Firm

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

149

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 53548, WI

19,233

Population

8,894

Households

2.2

Avg Household Size

40

Median Age

27%

College-Educated

94%

High-School Grad

75.0 sq mi

ZIP Area

256

Density / Sq Mi

$74,696

Median Household Income

$41,508

Median Earnings

$999

Median Rent

$226,600

Median Home Value

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Frequently Asked Questions

What type of property is this?

Bed & breakfast - An established bed-and-breakfast operation includes private baths in each guest unit and a separate caretaker suite.

Where is this bed & breakfast located?

The property is located at 2200 W Memorial Drive Janesville, WI.

What is the asking price?

The asking price for this property is $449,000.

What are key features of this property?

This property features: Operating bed and breakfast with 4 guest units; Private bath in each guest unit, plus a separate caretaker suite; 3,862 square feet on approximately 1.3 acres