Storefront Space with Highway
For Sale
$370,000
603 E Geneva St, Elkhorn, WI 53121
Business-center location with access from Hwy 12 and Hwy 43.
Property Size2,500 SF
Price / SF$148
Days on Market59
Property Features for 603 E Geneva St
General Information
Standard status
Active
Size
2,500 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
2002
Listing Agency:
Homestead Realty, Inc
Listed By:
Maikou Yang · License #92646-94
(414) 534-1965
Source:
Nikolicgroup
Added: Aug 17
Changed: Oct 9
Last Checked: Oct 7 at 2:09PM
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 Homestead Realty, Inc
Investment Insights
Based on property information with market context.
This storefront property is located within the Elkhorn Business Center Condo Association at 603 E Geneva St in Elkhorn, Wisconsin. The building was constructed in 2002 and offers a commercial setting for a business operation.
Access is available from Hwy 12 and Hwy 43, connecting the property to established regional routes. The property is identified as a storefront asset within a commercial condominium association.
Access is available from Hwy 12 and Hwy 43, connecting the property to established regional routes. The property is identified as a storefront asset within a commercial condominium association.
Key Highlights
- Storefront property within the Elkhorn Business Center Condo Association
- Access from Hwy 12 and Hwy 43
- Built in 2002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,866
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,320
$417.3K
Cap Rate 7%
$298,086
$298.1K
Cap Rate 9%
$231,844
$231.8K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$32.4K $12.96/SF
− Vacancy
−$2.6K −$1.04/SF
EGI
$29.8K $11.92/SF
− OpEx
−$8.9K −$3.58/SF
NOI
$20.9K $8.35/SF
Area
Walworth County, WI
Vacancy
8.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$417,320
Cap Rate 7%
$298,086
Cap Rate 9%
$231,844
Alternative Uses
Best Use
Retail
$298.1K
$260.8K – $347.8K
NOI $20,866 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$482.5K
$422.2K – $562.9K
NOI $33,773 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
11k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Casey's General Store
Shops & Services
10,262 visits/mo
0.2 miles
Edward Jones
Shops & Services
1,181 visits/mo
0.0 miles
Demographics for 53121, WI
19,222
Population
8,397
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
114.4 sq mi
ZIP Area
168
Density / Sq Mi
$83,635
Median Household Income
$45,112
Median Earnings
$1,031
Median Rent
$287,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Business-center location with access from Hwy 12 and Hwy 43.
Where is this storefront property located?
The property is located at 603 E Geneva St Elkhorn, WI.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Storefront property within the Elkhorn Business Center Condo Association; Access from Hwy 12 and Hwy 43; Built in 2002
