320 east Tyranena Park Rd, Lake Mills, WI 53551

Building Details

Year Built 1991 More

Buildings 1 More

Stories 2 More

Units 8 More

Listed By: Amy Nguyen Show Phone

Added: Nov 5

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$84,467

Cap Rate

5.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,689,340 $1.7M

Cap Rate 7%

$1,206,671 $1.2M

Cap Rate 9%

$938,522 $938.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,000 SF

Gross rent

$162.0K $18.00/SF

− Vacancy

−$8.4K −$0.94/SF

EGI

$153.6K $17.06/SF

− OpEx

−$69.1K −$7.68/SF

NOI

$84.5K $9.39/SF

Area

Jefferson County, WI

Vacancy

5.20%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,689,340

Cap Rate 7%

$1,206,671

Cap Rate 9%

$938,522

Alternative Uses

Best Use

Apartment 5plus

$1.21M

$1.06M – $1.41M (±1% cap)

NOI $84,467 @ 7.0% cap · market cap 5.28%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.11M

$1.85M – $2.46M (±1% cap)

NOI $147,874 @ 7.0% cap · market cap 9.24%

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

Location Intelligence

Trade Area within ½ mile

206

Businesses Nearby

Explore this area Business Placement

Demographics for 53551, WI

8,920

Population

4,048

Households

2.2

Avg Household Size

41

Median Age

45%

College-Educated

96%

High-School Grad

39.6 sq mi

ZIP Area

225

Density / Sq Mi

$89,841

Median Household Income

$53,503

Median Earnings

$1,089

Median Rent

$322,700

Median Home Value

Market

Properties on Market for Multifamily properties in Jefferson County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Lake Mills Apartment for sale

Where is this multifamily property located?

The property is located at 320 east Tyranena Park Rd Lake Mills, WI.

What is the asking price?

The asking price for this property is $1,600,000.