Storefront with Display
For Sale
$125,000
402 S 3rd St, Waterford, WI 53185
The building has an overhead door, gas-forced heat, central air conditioning, and its own electrical service.
Property Size880 SF
Price / SF$142.05
Days on Market19
Property Features for 402 S 3rd St
General Information
Standard status
Active
Size
880 SF
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$1,229
Amenities
walk-in display cooler
overhead door
forced heat and central air
electrical service
Building Details
Buildings
1
Construction
board and batten cedar
Listing Agency:
Bear Realty Of Burlington
(262) 763-8116
Listed By:
Joseph Busch
(262) 206-9916
Source:
Exprealty
Added: Oct 5
Changed: Oct 21
Last Checked: Oct 21 at 2:08AM
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 Bear Realty Of Burlington
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 880-square-foot storefront in Waterford, Wisconsin, has a board-and-batten cedar exterior and an overhead door for loading. A walk-in display cooler is installed inside, along with gas-forced heat, central air conditioning, and a separate electrical service. The building previously housed a florist.
Located at 402 S 3rd St, the property is in the Village of Waterford. Prospective users should confirm proposed uses with the village.
Located at 402 S 3rd St, the property is in the Village of Waterford. Prospective users should confirm proposed uses with the village.
Key Highlights
- 880‑square‑foot commercial building
- Walk‑in display cooler
- Overhead door for loading
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,954
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,080
$179.1K
Cap Rate 7%
$127,914
$127.9K
Cap Rate 9%
$99,489
$99.5K
Market Conditions
NOI Build-Up for 880 SF
Gross rent
$13.2K $15.00/SF
− Vacancy
−$409 −$0.47/SF
EGI
$12.8K $14.54/SF
− OpEx
−$3.8K −$4.36/SF
NOI
$9.0K $10.17/SF
Area
Racine County, WI
Vacancy
3.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,080
Cap Rate 7%
$127,914
Cap Rate 9%
$99,489
Alternative Uses
Best Use
Retail
$127.9K
$111.9K – $149.2K
NOI $8,954 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$211.6K
$185.2K – $246.9K
NOI $14,814 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 38%
Burger King
Dining
6,306 visits/mo
0.5 miles
Associated Bank
Shops & Services
3,884 visits/mo
0.4 miles
Demographics for 53185, WI
18,761
Population
8,211
Households
2.3
Avg Household Size
46
Median Age
32%
College-Educated
96%
High-School Grad
45.7 sq mi
ZIP Area
411
Density / Sq Mi
$100,896
Median Household Income
$55,769
Median Earnings
$1,191
Median Rent
$357,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - The building has an overhead door, gas-forced heat, central air conditioning, and its own electrical service.
Where is this storefront property located?
The property is located at 402 S 3rd St Waterford, WI.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 880‑square‑foot commercial building; Walk‑in display cooler; Overhead door for loading
