Building Details

Buildings 1

Listing Agency: ROCK SOLID REAL ESTATE t***@gmail.com Show Phone

Listed By: THE WARAKSA GROUP · License #6014790 Show Phone

Source: Exprealty

Added: Jul 17 Changed: Aug 30 Last Checked: Aug 30 at 3:16AM

Report an Issue

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 ROCK SOLID REAL ESTATE

Investment Insights

Based on property information with market context.

This mixed-use property is currently configured as a single-family home and offers a flexible layout for future commercial adaptation, subject to zoning and municipal approvals. The 1,624-square-foot main level includes a kitchen and dinette, living room, three bedrooms, a full bathroom, foyer areas, storage closets, and a laundry room with utility sink and toilet. These rooms may support office, consultation, treatment, reception, or collaborative functions depending on the approved use.

The lower level adds a 28-by-13-foot unfinished area, three partially finished 13-by-12-foot rooms, a 19-by-13-foot unfinished bonus area, a 13-by-8-foot concrete storage room, daylight windows, and a partially finished second full bathroom. An attached garage measuring 28 feet deep by 26 feet wide provides additional vehicle, storage, or workshop capacity. The property is located on Hummingbird Road in Rib Mountain, with visibility from I-39 and the frontage road, and is near Home Depot, Doepke Park, Rib Mountain State Park, Granite Peak, and Sandy's Bark Park. Building features include steel siding, wood and stone exterior details, a wood deck, block foundation, window air conditioning, a boiler pump replaced in 2017, and a 50-gallon gas water heater installed in September 2021.

Key Highlights

• 1,624‑square‑foot main level with kitchen, living room, three bedrooms, bathroom, foyers, and laundry room
• Lower level includes a 28‑by‑13‑foot unfinished area plus three partially finished 13‑by‑12‑foot rooms
• Attached garage measures 28 feet deep by 26 feet wide

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

$18,225

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

4.05%

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%

$364,500 $364.5K

Cap Rate 7%

$260,357 $260.4K

Cap Rate 9%

$202,500 $202.5K

Market Conditions

NOI Build-Up for 1,800 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

$32.4K $18.00/SF

− Vacancy

−$3.2K −$1.80/SF

EGI

$29.2K $16.20/SF

− OpEx

−$10.9K −$6.07/SF

NOI

$18.2K $10.13/SF

Area

Marathon County, WI

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

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%

$364,500

Cap Rate 7%

$260,357

Cap Rate 9%

$202,500

Alternative Uses

Best Use

Mixed Use

$260.4K

$227.8K – $303.8K (±1% cap)

NOI $18,225 @ 7.0% cap · market cap 4.05%

Second Best

Office B

$256.3K

$224.3K – $299.1K (±1% cap)

NOI $17,943 @ 7.0% cap · market cap 3.99%

Theoretical Best

Specialty Retail

$332.6K

$291.0K – $388.0K (±1% cap)

NOI $23,279 @ 7.0% cap · market cap 5.18%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Live-work space

Suggested Use

Top Pick Dental Office Spa & Massage Center HVAC Service Real Estate Agency (Bike/Boat/Book/etc) Store Hair Salon

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

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

110

Businesses Nearby

Explore this area Business Placement

Demographics for 54401, WI

31,727

Population

14,230

Households

2.2

Avg Household Size

40

Median Age

31%

College-Educated

91%

High-School Grad

84.2 sq mi

ZIP Area

377

Density / Sq Mi

$69,542

Median Household Income

$40,796

Median Earnings

$969

Median Rent

$186,100

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Mixed-use property - Adaptable layout with multiple rooms, lower-level expansion space, and an attached garage for parking, storage, or workspace.

Where is this mixed-use property located?

The property is located at 226552 Hummingbird Rd Rib Mountain, WI.

What is the asking price?

The asking price for this property is $449,500.

What are key features of this property?

This property features: 1,624‑square‑foot main level with kitchen, living room, three bedrooms, bathroom, foyers, and laundry room; Lower level includes a 28‑by‑13‑foot unfinished area plus three partially finished 13‑by‑12‑foot rooms; Attached garage measures 28 feet deep by 26 feet wide