Corner Residential Income
For Sale
$234,900
333 Starkweather Drive, Beaver Dam, WI 53916
First-floor condo with lake views and heated underground parking.
Property Size1,111 SF
Price / SF$211.43
Days on Market249
Property Features for 333 Starkweather Drive
General Information
Standard status
Active
Size
1,111 SF
Elevators
Yes
Property subtype
Condo / Ranch-1 Story
Zoning
Res
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,982
Amenities
underground heated parking
lakeview
private storage room
laundry area
Stove, Refrigerator, Dishwasher, Microwave, Washer, Dryer, All Window Treatments, Garage Door Opener, UHP Home Warranty ($625)
Radiant, In Floor Radiant Heat, Wall AC
Washer, Dryer, Cable/Satellite Available, Storage Unit Inc, At Least 1 tub
Vinyl, Brick
Cul de Sac, Patio, Private Entry
Building Details
Year Built
2007
Listing Agency:
Century 21 Affiliated
(920) 885-3312
Listed By:
Sheri Huebner · License #47728-90 1010-9
(920) 885-3312
Source:
Compass
Added: Dec 25, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:29PM
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 Century 21 Affiliated
Investment Insights
Based on property information with market context.
This first-floor condominium offers 1,111 square feet with an open arrangement combining the kitchen and living room. The residence includes 2 bedrooms, 2 baths, a laundry area, patio, private entry, and a separate storage room. Kitchen appliances include a stove, refrigerator, dishwasher, and microwave, with a washer and dryer also included. Interior finishes and systems feature vinyl and brick elements, in-floor radiant heat, wall AC, and all window treatments.
Built in 2007, the property is located at 333 Starkweather Drive in Beaver Dam, Wisconsin, across from Beaver Dam Lake on the northwest side of the city. The corner unit has a lakeview and sits near a bridge leading to a large park. Underground heated parking is provided with elevator access, along with surface parking. The property is zoned Res.
Built in 2007, the property is located at 333 Starkweather Drive in Beaver Dam, Wisconsin, across from Beaver Dam Lake on the northwest side of the city. The corner unit has a lakeview and sits near a bridge leading to a large park. Underground heated parking is provided with elevator access, along with surface parking. The property is zoned Res.
Key Highlights
- 1,111‑SF first‑floor corner condominium with a lakeview
- 2 bedrooms, 2 baths, open kitchen and living room layout
- Underground heated parking with elevator access plus surface parking
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
$9,199
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
3.92%
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%
$183,980
$184.0K
Cap Rate 7%
$131,414
$131.4K
Cap Rate 9%
$102,211
$102.2K
Market Conditions
NOI Build-Up for 1,111 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
$17.3K $15.60/SF
− Vacancy
−$607 −$0.55/SF
EGI
$16.7K $15.05/SF
− OpEx
−$7.5K −$6.77/SF
NOI
$9.2K $8.28/SF
Area
Dodge County, WI
Vacancy
3.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
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%
$183,980
Cap Rate 7%
$131,414
Cap Rate 9%
$102,211
Alternative Uses
Best Use
Apartment 5plus
$131.4K
$115.0K – $153.3K
NOI $9,199 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$241.3K
$211.2K – $281.6K
NOI $16,894 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Explore this area
Business Placement
Demographics for 53916, WI
23,057
Population
11,001
Households
2.1
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
103.6 sq mi
ZIP Area
223
Density / Sq Mi
$72,704
Median Household Income
$48,218
Median Earnings
$932
Median Rent
$212,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor condo with lake views and heated underground parking.
Where is this residential income property located?
The property is located at 333 Starkweather Drive Beaver Dam, WI.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: 1,111‑SF first‑floor corner condominium with a lakeview; 2 bedrooms, 2 baths, open kitchen and living room layout; Underground heated parking with elevator access plus surface parking
