Building Details

Building Size 2,388 SF

Year Built 1960

Listing Agency: Spotlight Real Estate, LLC a***@msn.com Show Phone

Listed By: Dorene Salvati · License #83674-94 Show Phone

Source: Therealtycompanyllc

Added: Apr 10 Changed: Aug 28 Last Checked: Aug 29 at 10:20AM

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Investment Insights

Based on property information with market context.

This mixed-use property at 26001 75th St in Paddock Lake, Wisconsin, combines a retail component on the main level with an apartment above. A garage built in 2019 provides additional storage or workspace. The main building dates to 1960, and the property occupies 1.21 acres with more than 20 parking spaces. Two access points connect the site to Hwy 50, supporting convenient entry and circulation. Its location in Kenosha County places the property close to the Illinois border, serving commuter and customer access between the two states.

Key Highlights

• Mixed‑use building with main‑level retail space and an upper‑level apartment
• 1.21‑acre site in Paddock Lake, Wisconsin
• 576 sq. ft. garage built in 2019

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

$29,659

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

3.96%

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%

$593,180 $593.2K

Cap Rate 7%

$423,700 $423.7K

Cap Rate 9%

$329,544 $329.5K

Market Conditions

NOI Build-Up for 2,388 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

$51.6K $21.60/SF

− Vacancy

−$4.1K −$1.73/SF

EGI

$47.5K $19.87/SF

− OpEx

−$17.8K −$7.45/SF

NOI

$29.7K $12.42/SF

Area

Kenosha County, WI

Vacancy

8.00%

Lease Rate

$21.60 /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%

$593,180

Cap Rate 7%

$423,700

Cap Rate 9%

$329,544

Alternative Uses

Best Use

Mixed Use

$423.7K

$370.7K – $494.3K (±1% cap)

NOI $29,659 @ 7.0% cap · market cap 3.96%

Second Best

Retail

$404.9K

$354.3K – $472.4K (±1% cap)

NOI $28,344 @ 7.0% cap · market cap 3.78%

Theoretical Best

Warehouse

$2.78M

$2.43M – $3.24M (±1% cap)

NOI $194,612 @ 7.0% cap · market cap 25.95%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Hasting’s Carpet Showroom Carpet & Flooring Store Diane Hastings Carpet & Flooring Store

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Parking Lot & Garage Hair Salon (Bike/Boat/Book/etc) Store

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

137

Businesses Nearby

95k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 55% Dining 45%

Kwik Trip Shops & Services

32,989 visits/mo 0.4 miles

McDonald's Dining

20,586 visits/mo 0.3 miles

Culver's Dining

15,794 visits/mo 0.4 miles

BP Shops & Services

9,242 visits/mo 0.3 miles

Mobil Shops & Services

6,905 visits/mo 0.3 miles

Demographics for 53168, WI

8,687

Population

4,072

Households

2.1

Avg Household Size

42

Median Age

30%

College-Educated

92%

High-School Grad

32.5 sq mi

ZIP Area

267

Density / Sq Mi

$104,712

Median Household Income

$56,262

Median Earnings

$1,268

Median Rent

$289,500

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

Questions? Ask Rey

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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?

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Similar For Sale Nearby

Mixed-Use Property with Garage

26001 75th St, Salem, WI 53168

$749,900

2,388 SF

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Specialty Land Parcel

8156 Antioch Rd, Salem, WI 53168

Contact for pricing

46.00 Acres

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines retail space, an upper-level apartment, and a garage on an accessible commercial site.

Where is this mixed-use property located?

The property is located at 26001 75th St Salem, WI.

What is the asking price?

The asking price for this property is $749,900.

What are key features of this property?

This property features: Mixed‑use building with main‑level retail space and an upper‑level apartment; 1.21‑acre site in Paddock Lake, Wisconsin; 576 sq. ft. garage built in 2019