Multi-Unit Retail Strip
For Sale
Contact for pricing
3703 - 3707 S Taylor Dr, Sheboygan, WI 53081
Multi-unit storefront property in a mixed-use area with access to Interstate 43 for convenient customer reach.
Property Size4,985 SF
Price / SF$260.78
Days on Market61
Property Features for 3703 - 3707 S Taylor Dr
General Information
Standard status
Active
Size
4,985 SF
Total Parking Spaces
39
Property subtype
Retail
Zoning
Suburban Commercial
Occupancy
100%
Lease Type
NNN
Additional Details
Highway Access
Yes
Building Details
Year Built
2014
Tenancy
Multi
Listing Agency:
Paradigm Real Estate
(262) 717-5151
Listed By:
Matt Friedman · License #WI 94-79622
Source:
Crexi
Added: Jun 12
Changed: Aug 8
Last Checked: Aug 8 at 3:32PM
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 Paradigm Real Estate
Investment Insights
Based on property information with market context.
This for-sale investment property consists of multi-unit retail storefront space at 3703–3707 S Taylor Dr in Sheboygan, WI. It is positioned within a mixed-use setting that includes both residential and commercial properties, supporting a steady blend of local and destination activity.
The surrounding area features nearby residential neighborhoods, including Taylor Heights and Cooper's Corner, providing an established base of everyday customers. Within a short distance, major retail and dining options such as Walmart and Home Depot, along with various fast-food restaurants, help draw people into the immediate market. Community amenities including parks, schools, and healthcare facilities further support local foot traffic. The property also benefits from good accessibility due to its proximity to Interstate 43.
For tenants and investors seeking neighborhood-serving retail space, this center offers multiple storefront units in a retail-oriented environment anchored by well-known regional retailers and food options. Its location near residential areas and major shopping supports business operations that rely on frequent local visits, with access that can be convenient for both customers and employees traveling through the corridor.
The surrounding area features nearby residential neighborhoods, including Taylor Heights and Cooper's Corner, providing an established base of everyday customers. Within a short distance, major retail and dining options such as Walmart and Home Depot, along with various fast-food restaurants, help draw people into the immediate market. Community amenities including parks, schools, and healthcare facilities further support local foot traffic. The property also benefits from good accessibility due to its proximity to Interstate 43.
For tenants and investors seeking neighborhood-serving retail space, this center offers multiple storefront units in a retail-oriented environment anchored by well-known regional retailers and food options. Its location near residential areas and major shopping supports business operations that rely on frequent local visits, with access that can be convenient for both customers and employees traveling through the corridor.
Key Highlights
- Year built 2014
- Multi‑unit storefront property in a mixed‑use area with residential and commercial neighbors
- Convenient access to Interstate 43 for customers and employees
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
$55,060
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
4.24%
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%
$1,101,200
$1.1M
Cap Rate 7%
$786,571
$786.6K
Cap Rate 9%
$611,778
$611.8K
Market Conditions
NOI Build-Up for 4,985 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
$80.8K $16.20/SF
− Vacancy
−$2.1K −$0.42/SF
EGI
$78.7K $15.78/SF
− OpEx
−$23.6K −$4.73/SF
NOI
$55.1K $11.05/SF
Area
Sheboygan County, WI
Vacancy
2.60%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,101,200
Cap Rate 7%
$786,571
Cap Rate 9%
$611,778
Alternative Uses
Best Use
Retail
$786.6K
$688.3K – $917.7K
NOI $55,060 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$950.6K – $1.27M
NOI $76,050 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53081, WI
43,465
Population
20,121
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
23.3 sq mi
ZIP Area
1,865
Density / Sq Mi
$62,401
Median Household Income
$42,329
Median Earnings
$866
Median Rent
$169,700
Median Home Value
Market
Vacancy Rate% for Retail 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?
Storefront property - Multi-unit storefront property in a mixed-use area with access to Interstate 43 for convenient customer reach.
Where is this storefront property located?
The property is located at 3703 - 3707 S Taylor Dr Sheboygan, WI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Year built 2014; Multi‑unit storefront property in a mixed‑use area with residential and commercial neighbors; Convenient access to Interstate 43 for customers and employees
