Building Details

Building Size 950 SF

Listing Agency: EXP Realty, LLC

Listed By: Justin Woodworth · License #8958294 Show Phone

Source: Mhbrealestate

Added: May 18 Changed: Oct 29 Last Checked: Oct 29 at 2:38PM

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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 EXP Realty, LLC

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Investment Insights

Based on property information with market context.

This 950-square-foot apartment in Cross Plains has two bedrooms and has been remodeled, including updates to the kitchen, bathroom, bedrooms, and windows. Heat and water are included in the rent, while the tenant pays for electricity. The property is within the Middleton School District.

Key Highlights

• 950‑square‑foot apartment with two bedrooms
• Remodeled kitchen, bathroom, bedrooms, and windows
• Heat and water included in rent; tenant pays electricity

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$7,664

Suggested Prices Based on Cap Rates

Cap Rate 5%

$153,280 $153.3K

Cap Rate 7%

$109,486 $109.5K

Cap Rate 9%

$85,156 $85.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 950 SF

Gross rent

$14.6K $15.36/SF

− Vacancy

−$657 −$0.69/SF

EGI

$13.9K $14.67/SF

− OpEx

−$6.3K −$6.60/SF

NOI

$7.7K $8.07/SF

Area

Dane County, WI

Vacancy

4.50%

Lease Rate

$15.36 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$153,280

Cap Rate 7%

$109,486

Cap Rate 9%

$85,156

Alternative Uses

Best Use

Apartment 5plus

$109.5K

$95.8K – $127.7K (±1% cap)

NOI $7,664 @ 7.0% cap · market cap 528.55%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$220.8K

$193.2K – $257.6K (±1% cap)

NOI $15,453 @ 7.0% cap · market cap 1,065.72%

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

Property Analytics

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Open Analytics

Location Intelligence

Trade Area within ½ mile

177

Businesses Nearby

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Demographics for 53528, WI

6,245

Population

2,589

Households

2.4

Avg Household Size

42

Median Age

45%

College-Educated

98%

High-School Grad

44.2 sq mi

ZIP Area

141

Density / Sq Mi

$104,068

Median Household Income

$58,833

Median Earnings

$1,343

Median Rent

$424,800

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential income property - Heat and water are included in rent; the tenant pays for electricity.

Where is this residential income property located?

The property is located at 2703 Westview Court Cross Plains, WI.

What are key features of this property?

This property features: 950‑square‑foot apartment with two bedrooms; Remodeled kitchen, bathroom, bedrooms, and windows; Heat and water included in rent; tenant pays electricity