Leased Medical Office
For Sale
$299,000
36 N Johnson St, Hartford, WI 53027
An existing tenant occupies the property, with subleasing subject to the lease terms.
Property Size1,868 SF
Price / SF$160.06
Days on Market83
Property Features for 36 N Johnson St
General Information
Standard status
Active
Size
1,868 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
B-3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,940
Building Details
Building Size
1,868 SF
Year Built
1994
Listing Agency:
Deb DeFere Real Estate LLC
Listed By:
Deb DeFere
(262) 646-0593
Source:
Defererealestate
Added: Aug 4
Changed: Oct 24
Last Checked: Oct 24 at 2:52PM
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 Deb DeFere Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,868-square-foot medical office property was built in 1994 and is zoned B-3. A tenant currently occupies the space, and the existing lease may remain in place. Subleasing is another possibility, subject to the lease terms. Recent work includes a new roof and additional updates.
The property is at 36 N Johnson St in downtown Hartford, Wisconsin.
The property is at 36 N Johnson St in downtown Hartford, Wisconsin.
Key Highlights
- 1,868 SF medical office property
- Built in 1994 and zoned B‑3
- Currently occupied; subleasing is subject to lease terms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,560
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,200
$531.2K
Cap Rate 7%
$379,429
$379.4K
Cap Rate 9%
$295,111
$295.1K
Market Conditions
NOI Build-Up for 1,868 SF
Gross rent
$46.4K $24.84/SF
− Vacancy
−$11.0K −$5.88/SF
EGI
$35.4K $18.96/SF
− OpEx
−$8.9K −$4.74/SF
NOI
$26.6K $14.22/SF
Area
Washington County, WI
Vacancy
23.68%
Lease Rate
$24.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,200
Cap Rate 7%
$379,429
Cap Rate 9%
$295,111
Alternative Uses
Best Use
Office B
$379.4K
$332.0K – $442.7K
NOI $26,560 @ 7.0% cap · market cap 8.88%
Second Best
Healthcare Medical
$348.0K
$304.5K – $406.0K
NOI $24,361 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$513.5K
$449.4K – $599.1K
NOI $35,948 @ 7.0% cap · market cap 12.02%
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
Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53027, WI
23,254
Population
10,091
Households
2.3
Avg Household Size
43
Median Age
28%
College-Educated
93%
High-School Grad
91.0 sq mi
ZIP Area
256
Density / Sq Mi
$85,708
Median Household Income
$50,853
Median Earnings
$1,113
Median Rent
$290,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - An existing tenant occupies the property, with subleasing subject to the lease terms.
Where is this medical office space located?
The property is located at 36 N Johnson St Hartford, WI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,868 SF medical office property; Built in 1994 and zoned B‑3; Currently occupied; subleasing is subject to lease terms
