Church Facility with
For Sale
$425,000
634 WISCONSIN STREET, Oshkosh, WI 54901
Attached chapel, event-oriented main floor, and one-bedroom upper-level apartment support varied religious and community uses.
Property Size5,103 SF
Price / SF$83.28
Days on Market475
Property Features for 634 WISCONSIN STREET
General Information
Standard status
Active
Size
5,103 SF
Property subtype
General Commercial
Amenities
Electric
3
R-2PD
Parking.
On Site, Street Parking.
0.0 to .499
Building Details
Year Built
1920
Stories
2
Listing Agency:
Century 21 Affiliated
(920) 750-7374
Listed By:
Keith Sippel · License #91937810
(920) 750-7374
Source:
Xome
Added: May 13, 2025
Changed: Aug 29
Last Checked: Aug 29 at 7:52PM
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 Century 21 Affiliated
Investment Insights
Based on property information with market context.
Built in 1920, this 5,103-square-foot church and religious facility combines a substantial main structure with an attached chapel. The main level was configured for ministry events, while the upper floor contains a one-bedroom apartment. A chapel addition completed in 1989 expands the property’s dedicated worship and gathering space. The property occupies approximately 0.5 acres and includes on-site and street parking.
The building is located at 634 Wisconsin Street in Oshkosh, one block from UW-Oshkosh. Its prior role as a student center began in 1969, providing a documented history of community-oriented use. The property is identified with R-2PD zoning and includes electric service. The combination of assembly space, chapel improvements, and residential accommodations creates a distinctive configuration for a church or related religious facility.
The building is located at 634 Wisconsin Street in Oshkosh, one block from UW-Oshkosh. Its prior role as a student center began in 1969, providing a documented history of community-oriented use. The property is identified with R-2PD zoning and includes electric service. The combination of assembly space, chapel improvements, and residential accommodations creates a distinctive configuration for a church or related religious facility.
Key Highlights
- 5,103‑square‑foot church and religious facility on approximately 0.5 acres
- Attached chapel addition completed in 1989
- Upper floor includes a one‑bedroom apartment
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
$37,201
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
8.75%
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%
$744,020
$744.0K
Cap Rate 7%
$531,443
$531.4K
Cap Rate 9%
$413,344
$413.3K
Market Conditions
NOI Build-Up for 5,103 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
$66.1K $12.96/SF
− Vacancy
−$6.6K −$1.30/SF
EGI
$59.5K $11.66/SF
− OpEx
−$22.3K −$4.37/SF
NOI
$37.2K $7.29/SF
Area
Winnebago County, WI
Vacancy
10.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
37.50%
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%
$744,020
Cap Rate 7%
$531,443
Cap Rate 9%
$413,344
Alternative Uses
Best Use
Mixed Use
$531.4K
$465.0K – $620.0K
NOI $37,201 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$963.7K – $1.28M
NOI $77,099 @ 7.0% cap · market cap 18.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,250
Businesses Nearby
Explore this area
Business Placement
Demographics for 54901, WI
37,594
Population
15,381
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
92%
High-School Grad
16.6 sq mi
ZIP Area
2,265
Density / Sq Mi
$61,734
Median Household Income
$31,289
Median Earnings
$932
Median Rent
$164,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Attached chapel, event-oriented main floor, and one-bedroom upper-level apartment support varied religious and community uses.
Where is this church & religious facility located?
The property is located at 634 WISCONSIN STREET Oshkosh, WI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 5,103‑square‑foot church and religious facility on approximately 0.5 acres; Attached chapel addition completed in 1989; Upper floor includes a one‑bedroom apartment
