Building Details

Number of units 1

Roof type Metal

Listing Agency: Jon Miles Real Estate j**@jonmilesrealestate.com Show Phone

Listed By: Gregg Davis · License #8958594 Show Phone

Added: Aug 7 Changed: Aug 31 Last Checked: Oct 16 at 8:06AM

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MLS# 2025817

Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 2,880-square-foot live-work property includes living quarters and a shop, supporting an arrangement where an owner can reside on-site while operating a business. The living area has both forced-air and in-floor heating. A natural gas unit is available for connection in the shop, and the building has a metal roof.

The property occupies 1.65 acres at 410 State Road 133 in Boscobel, Wisconsin. On-site parking is available, and the property carries B2 zoning. A conditional use permit from the City of Boscobel allows the owners to live in the building and operate their business there.

Key Highlights

• 2,880‑square‑foot live‑work property with living quarters and a commercial shop
• 1.65‑acre parcel at 410 State Road 133, Boscobel, WI 53805
• B2 zoning supports the property’s commercial classification

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,872

Cap Rate

8.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$397,440 $397.4K

Cap Rate 7%

$283,886 $283.9K

Cap Rate 9%

$220,800 $220.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,880 SF

Gross rent

$34.6K $12.00/SF

− Vacancy

−$2.8K −$0.96/SF

EGI

$31.8K $11.04/SF

− OpEx

−$11.9K −$4.14/SF

NOI

$19.9K $6.90/SF

Area

Grant County, WI

Vacancy

8.00%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$397,440

Cap Rate 7%

$283,886

Cap Rate 9%

$220,800

Alternative Uses

Best Use

Office B

$570.8K

$499.5K – $666.0K (±1% cap)

NOI $39,958 @ 7.0% cap · market cap 17.04%

Second Best

Mixed Use

$283.9K

$248.4K – $331.2K (±1% cap)

NOI $19,872 @ 7.0% cap · market cap 8.47%

Theoretical Best

Office A

$797.3K

$697.7K – $930.2K (±1% cap)

NOI $55,812 @ 7.0% cap · market cap 23.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Hair Salon Spa & Massage Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

251

Businesses Nearby

Explore this area Business Placement

Demographics for 53805, WI

5,395

Population

2,358

Households

2.3

Avg Household Size

41

Median Age

16%

College-Educated

89%

High-School Grad

131.9 sq mi

ZIP Area

41

Density / Sq Mi

$57,137

Median Household Income

$36,425

Median Earnings

$687

Median Rent

$147,300

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Live-work space - B2-zoned property combines living quarters with a commercial shop and on-site parking.

Where is this live-work space located?

The property is located at 410 State Road 133 Boscobel, WI.

What is the asking price?

The asking price for this property is $234,500.

What are key features of this property?

This property features: 2,880‑square‑foot live‑work property with living quarters and a commercial shop; 1.65‑acre parcel at 410 State Road 133, Boscobel, WI 53805; B2 zoning supports the property’s commercial classification