Mixed-Use Property with
For Sale
$725,000
440 1st St, Random Lake, WI 53075
A full basement, garage loft, and residential unit add flexible space across the property.
Property Size4,299 SF
Price / SF$168.64
Days on Market52
Property Features for 440 1st St
General Information
Standard status
Active
Size
4,299 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$2,793
Building Details
Building Size
4,299 SF
Year Built
1890
Listing Agency:
Deb DeFere Real Estate LLC
Listed By:
Deb DeFere
(262) 646-0593
Source:
Defererealestate
Added: Sep 4
Changed: Oct 24
Last Checked: Oct 24 at 2:36PM
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 Deb DeFere Real Estate LLC
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Investment Insights
Based on property information with market context.
This 4,299-square-foot mixed-use property includes a three-bedroom, one-bathroom apartment. Building improvements include new windows, siding, and roof, along with updated electrical, plumbing, and structural rough-ins. A full basement provides additional storage space.
The property also has a three-car garage with an open loft. Its combination of commercial space, residential accommodations, basement storage, and garage loft offers several distinct areas within one property.
The property also has a three-car garage with an open loft. Its combination of commercial space, residential accommodations, basement storage, and garage loft offers several distinct areas within one property.
Key Highlights
- 4,299‑square‑foot mixed‑use property
- Three‑bedroom, one‑bathroom apartment
- Three‑car garage with open‑concept loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,663
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,260
$593.3K
Cap Rate 7%
$423,757
$423.8K
Cap Rate 9%
$329,589
$329.6K
Market Conditions
NOI Build-Up for 4,299 SF
Gross rent
$51.6K $12.00/SF
− Vacancy
−$4.1K −$0.96/SF
EGI
$47.5K $11.04/SF
− OpEx
−$17.8K −$4.14/SF
NOI
$29.7K $6.90/SF
Area
Sheboygan 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%
$593,260
Cap Rate 7%
$423,757
Cap Rate 9%
$329,589
Alternative Uses
Best Use
Mixed Use
$423.8K
$370.8K – $494.4K
NOI $29,663 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$936.9K
$819.8K – $1.09M
NOI $65,585 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 53075, WI
3,219
Population
1,475
Households
2.2
Avg Household Size
48
Median Age
24%
College-Educated
94%
High-School Grad
36.5 sq mi
ZIP Area
88
Density / Sq Mi
$90,917
Median Household Income
$49,385
Median Earnings
$890
Median Rent
$273,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A full basement, garage loft, and residential unit add flexible space across the property.
Where is this mixed-use property located?
The property is located at 440 1st St Random Lake, WI.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 4,299‑square‑foot mixed‑use property; Three‑bedroom, one‑bathroom apartment; Three‑car garage with open‑concept loft
