Turn-Key Medical Office
For Sale
$290,000
601 E Clark Street, Brandon, WI 53919
Well-appointed medical clinic in Brandon, Wisconsin with expansion potential.
Property Size1,734 SF
Lot Size2.00 Acres
Price / SF$167.24
Days on Market151
Property Features for 601 E Clark Street
General Information
Standard status
Active
Size
1,734 SF
Lot size
2.00 Acres
Property subtype
Healthcare
Listing Agency:
CBRE, Inc.
(608) 663-5445
Listed By:
Chase Brieman · License #54278
(608) 663-5445
Source:
Cbre
Added: Mar 25
Changed: Aug 21
Last Checked: Aug 21 at 10:19AM
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 CBRE, Inc.
Investment Insights
Based on property information with market context.
This turn-key medical office space features three exam rooms, one office, an X-ray and darkroom, a lab, a reception/waiting area, and storage. The 1,734-square-foot building includes an unfinished basement. Located in the rural south central Wisconsin community of Brandon, the property sits on a spacious 2.0-acre parcel, offering ample room for potential expansion or conversion to an office or retail use. Parking is provided by 11 stalls, including 2 handicap accessible spaces. Monument signage is available. Internet access is provided via fiber optic (Spectrum). The property is zoned B-2 (Highway Commercial District). The building could be converted to standard office use by removing the unnecessary plumbing and cabinetry.
Key Highlights
- Turn‑key medical office space with existing exam rooms, office, X‑ray/darkroom, lab, and reception area.
- Located on a spacious 2.0‑acre parcel with room for expansion or conversion.
- Convenient parking with 11 stalls (including 2 handicap accessible).
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
$26,405
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
9.11%
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%
$528,100
$528.1K
Cap Rate 7%
$377,214
$377.2K
Cap Rate 9%
$293,389
$293.4K
Market Conditions
NOI Build-Up for 1,734 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
$46.8K $27.00/SF
− Vacancy
−$2.8K −$1.62/SF
EGI
$44.0K $25.38/SF
− OpEx
−$17.6K −$10.15/SF
NOI
$26.4K $15.23/SF
Area
Fond du Lac County, WI
Vacancy
6.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$528,100
Cap Rate 7%
$377,214
Cap Rate 9%
$293,389
Alternative Uses
Best Use
Healthcare Medical
$377.2K
$330.1K – $440.1K
NOI $26,405 @ 7.0% cap · market cap 9.11%
Second Best
Office B
$255.2K
$223.3K – $297.7K
NOI $17,863 @ 7.0% cap · market cap 6.16%
Theoretical Best
Multifamily LT 5
$1.67M
$1.46M – $1.95M
NOI $116,962 @ 7.0% cap · market cap 40.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53919, WI
2,334
Population
879
Households
2.7
Avg Household Size
40
Median Age
17%
College-Educated
92%
High-School Grad
65.6 sq mi
ZIP Area
36
Density / Sq Mi
$93,516
Median Household Income
$47,593
Median Earnings
$814
Median Rent
$210,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-appointed medical clinic in Brandon, Wisconsin with expansion potential.
Where is this medical office space located?
The property is located at 601 E Clark Street Brandon, WI.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Turn‑key medical office space with existing exam rooms, office, X‑ray/darkroom, lab, and reception area.; Located on a spacious 2.0‑acre parcel with room for expansion or conversion.; Convenient parking with 11 stalls (including 2 handicap accessible).
