Mixed-Use Commercial Condo with Fitness
For Sale
$699,000
4-101 Camelot Drive, Fond du Lac, WI 54935
Medical offices and exercise areas are complemented by locker rooms and an on-site salon.
Property Size6,090 SF
Price / SF$114.78
Days on Market373
Property Features for 4-101 Camelot Drive
General Information
Standard status
Active
Size
6,090 SF
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Condition
Newly Renovated
Highway Access
Yes
Property Use
Medical Office
Medical Specialty
physical therapy, personal training, pre-employment screening
Taxes and HOA fees
Annual Taxes
$12,404
Amenities
locker rooms
exercise areas
pond
walking trails
Building Details
Tenancy
Multi
Listing Agency:
Zellner Real Estate
Listed By:
Jason Zellner · License #5923790
(920) 960-3898
Source:
Exprealty
Added: Oct 23, 2025
Changed: Oct 28
Last Checked: Oct 28 at 3:08PM
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 Zellner Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,090-square-foot commercial condominium is configured for fitness, physical therapy and medical office use. The interior includes locker rooms, several exercise areas and medical offices; an on-site salon is also leased. The medical offices are occupied by a physical therapy and pre-employment screening facility.
The property is in southeast Fond du Lac, with access from Hwy 41 and Hwy 151. A pond and walking trails are part of the surrounding setting. Nearby businesses include Excel Engineering, C.D. Smith and Society Insurance. The parking lot has been updated.
The property is in southeast Fond du Lac, with access from Hwy 41 and Hwy 151. A pond and walking trails are part of the surrounding setting. Nearby businesses include Excel Engineering, C.D. Smith and Society Insurance. The parking lot has been updated.
Key Highlights
- 6,090‑square‑foot commercial condominium
- Locker rooms and multiple exercise areas
- Medical offices leased to a physical therapy and pre‑employment screening facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,738
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,254,760
$1.3M
Cap Rate 7%
$896,257
$896.3K
Cap Rate 9%
$697,089
$697.1K
Market Conditions
NOI Build-Up for 6,090 SF
Gross rent
$106.7K $17.52/SF
− Vacancy
−$23.0K −$3.78/SF
EGI
$83.7K $13.74/SF
− OpEx
−$20.9K −$3.43/SF
NOI
$62.7K $10.30/SF
Area
Fond du Lac County, WI
Vacancy
21.60%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,254,760
Cap Rate 7%
$896,257
Cap Rate 9%
$697,089
Alternative Uses
Best Use
Healthcare Medical
$1.32M
$1.16M – $1.55M
NOI $92,739 @ 7.0% cap · market cap 13.27%
Second Best
Office B
$896.3K
$784.2K – $1.05M
NOI $62,738 @ 7.0% cap · market cap 8.98%
Theoretical Best
Multifamily LT 5
$5.87M
$5.13M – $6.85M
NOI $410,783 @ 7.0% cap · market cap 58.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Explore this area
Business Placement
Demographics for 54935, WI
42,513
Population
19,115
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
91%
High-School Grad
15.6 sq mi
ZIP Area
2,725
Density / Sq Mi
$63,060
Median Household Income
$41,338
Median Earnings
$880
Median Rent
$166,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Medical offices and exercise areas are complemented by locker rooms and an on-site salon.
Where is this mixed-use property located?
The property is located at 4-101 Camelot Drive Fond du Lac, WI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 6,090‑square‑foot commercial condominium; Locker rooms and multiple exercise areas; Medical offices leased to a physical therapy and pre‑employment screening facility
