Mixed-Use Building with Rental
For Sale
$230,000
6 Tayco St, Menasha, WI 54952
The upper floor contains two leased apartments, while the ground-floor commercial area requires extensive renovation for office, business, or retail use.
Property Size3,360 SF
Price / SF$68.45
Days on Market40
Property Features for 6 Tayco St
General Information
Standard status
Active
Size
3,360 SF
Property Condition
Severity
Major Repairs Needed
Evidence
The main level business space will require an extensive renovation
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Expert Real Estate Partners, LLC
Listed By:
Jessica Y. Enriquez · License #94-98381
(920) 903-1600
Source:
Moving2greenbay
Added: Aug 19
Changed: Sep 10
Last Checked: Sep 26 at 9:03AM
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 Expert Real Estate Partners, LLC
Investment Insights
Based on property information with market context.
Located at 6 Tayco Street in Menasha, this mixed-use property combines ground-floor commercial space with two residential units above. The main level requires extensive renovation and may accommodate office, business, retail, or additional rental use once improved.
The upper level includes one three-bedroom, two-bath apartment and one two-bedroom, one-bath apartment. Both residential units are leased on a month-to-month basis, providing an existing residential component alongside the unfinished commercial area. The property supports a combination of business space and residential occupancy within one building.
The upper level includes one three-bedroom, two-bath apartment and one two-bedroom, one-bath apartment. Both residential units are leased on a month-to-month basis, providing an existing residential component alongside the unfinished commercial area. The property supports a combination of business space and residential occupancy within one building.
Key Highlights
- Two upper‑level rental units: one 3‑bedroom, 2‑bath unit and one 2‑bedroom, 1‑bath unit
- Ground‑floor business space requires extensive renovation
- Main level may support office, business, retail, or additional rental use
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
$20,435
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
8.88%
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%
$408,700
$408.7K
Cap Rate 7%
$291,929
$291.9K
Cap Rate 9%
$227,056
$227.1K
Market Conditions
NOI Build-Up for 3,360 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
$39.1K $11.64/SF
− Vacancy
−$2.0K −$0.58/SF
EGI
$37.2K $11.06/SF
− OpEx
−$16.7K −$4.98/SF
NOI
$20.4K $6.08/SF
Area
Winnebago County, WI
Vacancy
5.00%
Lease Rate
$11.64 /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%
$408,700
Cap Rate 7%
$291,929
Cap Rate 9%
$227,056
Alternative Uses
Best Use
Retail
$461.2K
$403.5K – $538.0K
NOI $32,281 @ 7.0% cap · market cap 14.04%
Second Best
Mixed Use
$349.9K
$306.2K – $408.2K
NOI $24,494 @ 7.0% cap · market cap 10.65%
Theoretical Best
Office A
$725.2K
$634.6K – $846.1K
NOI $50,764 @ 7.0% cap · market cap 22.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
43k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 83%
Shops & Services 10%
Home Improvements & Furnishings 6%
Electronics 1%
McDonald's
Dining
16,144 visits/mo
0.4 miles
Taco Bell
Dining
12,734 visits/mo
0.5 miles
Marathon
Shops & Services
4,148 visits/mo
0.5 miles
Jimmy John's
Dining
2,947 visits/mo
0.4 miles
Charcoal Grill
Dining
2,744 visits/mo
0.2 miles
Demographics for 54952, WI
27,216
Population
12,412
Households
2.2
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
28.1 sq mi
ZIP Area
969
Density / Sq Mi
$67,280
Median Household Income
$44,765
Median Earnings
$906
Median Rent
$190,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The upper floor contains two leased apartments, while the ground-floor commercial area requires extensive renovation for office, business, or retail use.
Where is this mixed-use property located?
The property is located at 6 Tayco St Menasha, WI.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two upper‑level rental units: one 3‑bedroom, 2‑bath unit and one 2‑bedroom, 1‑bath unit; Ground‑floor business space requires extensive renovation; Main level may support office, business, retail, or additional rental use
