Mixed-Use Property with B4
For Sale
Contact for pricing
2640 Milton, Janesville, WI 53545
B4 zoning and access to two commercial arteries support flexible mixed-use planning.
Property Size4,660 SF
Lot Size1.28 Acres
Price / SF$289.70
Days on Market26
Property Features for 2640 Milton
General Information
Standard status
Active
Size
4,660 SF
Total Parking Spaces
20
Lot size
1.28 Acres
Property subtype
Retail, Office
Zoning
B4
Additional Details
Road Access
Yes
Building Details
Year Built
1979
Buildings
1
Units
1
Building Size
4,660 SF
Listing Agency:
First Weber Inc
Listed By:
Cindy Simonson · License #55178-90|
Source:
Crexi
Added: Jul 17
Changed: Aug 11
Last Checked: Aug 10 at 4:16AM
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 First Weber Inc
Investment Insights
Based on property information with market context.
This mixed-use property comprises two separate parcels totaling 1.28 acres, with a 4,660-square-foot building constructed in 1979. The building fronts Milton Avenue and forms the primary improvement within the offering. B4 zoning is in place for the property.
Access and frontage extend to two main commercial arteries in the Milton Avenue Business Corridor, providing a commercial setting with multiple points of connection. The combination of acreage, parcel configuration, existing building area, and B4 zoning creates a defined framework for evaluating future mixed-use applications.
Access and frontage extend to two main commercial arteries in the Milton Avenue Business Corridor, providing a commercial setting with multiple points of connection. The combination of acreage, parcel configuration, existing building area, and B4 zoning creates a defined framework for evaluating future mixed-use applications.
Key Highlights
- 1.28‑acre mixed‑use property
- Two separate parcels included in the offering
- 4,660‑square‑foot building constructed in 1979
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
$61,295
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
4.54%
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%
$1,225,900
$1.2M
Cap Rate 7%
$875,643
$875.6K
Cap Rate 9%
$681,056
$681.1K
Market Conditions
NOI Build-Up for 4,660 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
$103.5K $22.20/SF
− Vacancy
−$21.7K −$4.66/SF
EGI
$81.7K $17.54/SF
− OpEx
−$20.4K −$4.38/SF
NOI
$61.3K $13.15/SF
Area
Rock County, WI
Vacancy
21.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,225,900
Cap Rate 7%
$875,643
Cap Rate 9%
$681,056
Alternative Uses
Best Use
Office B
$875.6K
$766.2K – $1.02M
NOI $61,295 @ 7.0% cap · market cap 4.54%
Second Best
Retail
$803.6K
$703.1K – $937.5K
NOI $56,250 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$1.12M
$979.9K – $1.31M
NOI $78,389 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
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.
Frequently Asked Questions
What type of property is this?
Mixed-use property - B4 zoning and access to two commercial arteries support flexible mixed-use planning.
Where is this mixed-use property located?
The property is located at 2640 Milton Janesville, WI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1.28‑acre mixed‑use property; Two separate parcels included in the offering; 4,660‑square‑foot building constructed in 1979
