Residential Income Property with
For Sale
$315,000
4306 Crossing Milton Wi 53563, Milton, WI 53563
Condominium residence with private entry, first-floor laundry, central air, and an open kitchen, dining, and living arrangement.
Property Size1,506 SF
Price / SF$209.16
Days on Market416
Property Features for 4306 Crossing Milton Wi 53563
General Information
Standard status
Active
Size
1,506 SF
Property subtype
Condo / Ranch-1 Story
Zoning
R3M
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,932
Amenities
Stove, refrigerator, washer, dryer, water softener, microwave and window treatments.
Forced air, Central air
Great room, Washer, Dryer, Water softener included
Vinyl, Aluminum/Steel, Brick
Gas, 1 fireplace
Private Entry, Patio, Cul de Sac
Building Details
Year Built
2017
Listing Agency:
Shorewest, REALTORS
Listed By:
Rhonda Oshel · License #48142-94
(608) 754-2121
Source:
Compass
Added: Jul 16, 2025
Changed: Aug 30
Last Checked: Aug 30 at 12:21PM
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 Shorewest, REALTORS
Investment Insights
Based on property information with market context.
This 1,506-square-foot condominium residence was built in 2017 and offers an open interior arrangement connecting the living room, kitchen, and dining area. The kitchen includes a spacious island, cabinetry, appliances, and counter space. A first-floor laundry area adds convenience, while the primary suite includes a walk-in closet and full en-suite bathroom.
The property has a private entry, patio, and cul-de-sac setting. Interior features include forced-air heating, central air conditioning, window treatments, and a water softener. A fireplace complements the living area, and the exterior combines vinyl, aluminum/steel, and brick materials. The property is zoned R3M.
The property has a private entry, patio, and cul-de-sac setting. Interior features include forced-air heating, central air conditioning, window treatments, and a water softener. A fireplace complements the living area, and the exterior combines vinyl, aluminum/steel, and brick materials. The property is zoned R3M.
Key Highlights
- 1,506 SF condominium residence built in 2017
- Open layout links the living room, kitchen, and dining area
- Kitchen includes appliances, island, cabinetry, and counter space
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
$12,214
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
3.88%
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%
$244,280
$244.3K
Cap Rate 7%
$174,486
$174.5K
Cap Rate 9%
$135,711
$135.7K
Market Conditions
NOI Build-Up for 1,506 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
$23.1K $15.36/SF
− Vacancy
−$925 −$0.61/SF
EGI
$22.2K $14.75/SF
− OpEx
−$10.0K −$6.64/SF
NOI
$12.2K $8.11/SF
Area
Rock County, WI
Vacancy
4.00%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
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%
$244,280
Cap Rate 7%
$174,486
Cap Rate 9%
$135,711
Alternative Uses
Best Use
Apartment 5plus
$174.5K
$152.7K – $203.6K
NOI $12,214 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$361.9K
$316.7K – $422.2K
NOI $25,333 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Explore this area
Business Placement
Demographics for 53563, WI
11,503
Population
4,672
Households
2.5
Avg Household Size
42
Median Age
31%
College-Educated
96%
High-School Grad
67.0 sq mi
ZIP Area
172
Density / Sq Mi
$89,397
Median Household Income
$47,742
Median Earnings
$972
Median Rent
$270,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with private entry, first-floor laundry, central air, and an open kitchen, dining, and living arrangement.
Where is this residential income property located?
The property is located at 4306 Crossing Milton Wi 53563 Milton, WI.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,506 SF condominium residence built in 2017; Open layout links the living room, kitchen, and dining area; Kitchen includes appliances, island, cabinetry, and counter space
