Ready-to-Use Office Condo
603 E Geneva St Elkhorn, WI 53121
For Sale
$395,000
COMMERCIAL - Elkhorn, WI
Property Size2,500 SF
Price / SF$158
Days on Market120
Property Features for 603 E Geneva St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2
Standard status
Active
APN
YEBC 00006
Size
2,500 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4150
Building Details
Year built
2002
Architectural style
Other
Listing Agency:
Homestead Realty, Inc
(800) 339-4444
Listed By:
Maikou Yang · License #92646-94
(414) 461-4040
Added: Apr 2
Changed: Jul 9
Last Checked: Jul 30 at 3:06AM
MLS# 1956250
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This ready-to-use office suite is located within the Elkhorn Business Center Condo Association. The space is designed for immediate occupancy, making it a straightforward option for an owner-operator or business looking to get operational quickly. The offering is zoned B2.
The property is located at 603 E Geneva St in Elkhorn, Wisconsin, with easy access from Hwy 12 and Hwy 43.
If you’re looking for an office unit within a condo association and want convenient regional connectivity, this suite provides a practical, move-in ready configuration in Walworth County.
The property is located at 603 E Geneva St in Elkhorn, Wisconsin, with easy access from Hwy 12 and Hwy 43.
If you’re looking for an office unit within a condo association and want convenient regional connectivity, this suite provides a practical, move-in ready configuration in Walworth County.
Key Highlights
- Condo association commercial space in Elkhorn Business Center
- Year built: 2002
- Easy access from Hwy 12 and Hwy 43
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.5k | $15.00 |
| − Vacancy | −$8.3k | −$3.30 |
| EGI | $29.3k | $11.70 |
| − OpEx | −$7.3k | −$2.93 |
| NOI | $21.9k | $8.78 |
2,500 SF · lease $15.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$313.4K
$274.2K – $365.6K
NOI $21,938 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$482.5K
$422.2K – $562.9K
NOI $33,773 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office suite in the Elkhorn Business Center condo association, with convenient highway access for immediate business occupancy.
Where is this office units located?
The property is located at 603 E Geneva St Elkhorn, WI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Condo association commercial space in Elkhorn Business Center; Year built: 2002; Easy access from Hwy 12 and Hwy 43
