Mixed-Use Property with Open
New
For Sale
$449,900
649 W Oshkosh, Ripon, WI 54971
Flexible commercial building with reception, open work areas, kitchen, dining space, and two bathrooms.
Property Size3,663 SF
Lot Size1.60 Acres
Price / SF$122.82
Days on Market3
Property Features for 649 W Oshkosh
General Information
Standard status
Active
Size
3,663 SF
Lot size
1.60 Acres
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
Emmer Real Estate Group, Inc.
Listed By:
Jim Emmer · License #3703490
(262) 629-4747
Source:
Viewhomesinwisconsin
Added: Sep 15
Changed: Sep 17
Last Checked: Sep 16 at 8:10PM
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 Emmer Real Estate Group, Inc.
Investment Insights
Based on property information with market context.
This 3,663-square-foot mixed-use property was built in 1985 and sits on 1.6 acres within the City of Ripon. The building includes a central reception area, open display or workspace areas, a full kitchen with dining space, and two bathrooms. Recent exterior work includes new siding.
The property was previously used for daycare, medical offices, and an art studio, providing a layout suited to several commercial configurations. Immediate occupancy is available at 649 W Oshkosh in Ripon, Wisconsin.
The property was previously used for daycare, medical offices, and an art studio, providing a layout suited to several commercial configurations. Immediate occupancy is available at 649 W Oshkosh in Ripon, Wisconsin.
Key Highlights
- 3,663‑square‑foot mixed‑use property on 1.6 acres
- Central reception area with open display or workspace areas
- Full kitchen with dining space and two bathrooms
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
$37,735
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
8.39%
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%
$754,700
$754.7K
Cap Rate 7%
$539,071
$539.1K
Cap Rate 9%
$419,278
$419.3K
Market Conditions
NOI Build-Up for 3,663 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
$64.2K $17.52/SF
− Vacancy
−$13.9K −$3.78/SF
EGI
$50.3K $13.74/SF
− OpEx
−$12.6K −$3.43/SF
NOI
$37.7K $10.30/SF
Area
Fond du Lac County, WI
Vacancy
21.60%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
25.00%
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%
$754,700
Cap Rate 7%
$539,071
Cap Rate 9%
$419,278
Alternative Uses
Best Use
Healthcare Medical
$796.9K
$697.3K – $929.7K
NOI $55,780 @ 7.0% cap · market cap 12.40%
Second Best
Office B
$539.1K
$471.7K – $628.9K
NOI $37,735 @ 7.0% cap · market cap 8.39%
Theoretical Best
Multifamily LT 5
$3.53M
$3.09M – $4.12M
NOI $247,077 @ 7.0% cap · market cap 54.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
Business Placement
Demographics for 54971, WI
10,938
Population
4,918
Households
2.2
Avg Household Size
42
Median Age
26%
College-Educated
93%
High-School Grad
110.9 sq mi
ZIP Area
99
Density / Sq Mi
$65,914
Median Household Income
$41,534
Median Earnings
$708
Median Rent
$182,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial building with reception, open work areas, kitchen, dining space, and two bathrooms.
Where is this mixed-use property located?
The property is located at 649 W Oshkosh Ripon, WI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 3,663‑square‑foot mixed‑use property on 1.6 acres; Central reception area with open display or workspace areas; Full kitchen with dining space and two bathrooms
