Equipped Salon Retail
For Sale
$260,000
6562 Lake Road #4, Windsor, WI 53598
The condominium suite includes salon furnishings, laundry facilities, storage, and a public restroom.
Property Size1,200 SF
Price / SF$216.67
Days on Market1009
Property Features for 6562 Lake Road #4
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Zoning
comm
Additional Details
Business Included
Yes
Currently Operating
Yes
Amenities
laundry facilities
storage
public restroom
back patio
pond views
Building Details
Building Size
1,200 SF
Year Built
1978
Units
7
Listing Agency:
Re/Max Preferred
(608) 356-4100
Listed By:
Scott Schroeder · License #5913790
(608) 617-2727
Source:
Geigerrealtors
Added: Jan 25, 2024
Changed: Oct 29
Last Checked: Oct 29 at 11:56PM
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 Re/Max Preferred
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Investment Insights
Based on property information with market context.
Suite #4 is a retail condominium configured for salon operations, with 6 cutting chairs, 3 coloring stations, and a manicure station. The approximately 1,200-square-foot space also has laundry facilities, storage, and a public restroom. Inventory, equipment, and supplies are included. The seller is willing to assist with the transition after closing, and the suite could accommodate a different business use.
Part of the Lake Windsor Center Commercial Condominium Complex, the property has access from multiple directions. An outdoor patio overlooks a pond and surrounding wildlife. The building was constructed in 1978.
Part of the Lake Windsor Center Commercial Condominium Complex, the property has access from multiple directions. An outdoor patio overlooks a pond and surrounding wildlife. The building was constructed in 1978.
Key Highlights
- Approximately 1,200 square feet
- Salon setup includes 6 cutting chairs, 3 coloring stations, and a manicure station
- Laundry facilities, storage, and public restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,504
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,080
$230.1K
Cap Rate 7%
$164,343
$164.3K
Cap Rate 9%
$127,822
$127.8K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$18.0K $15.00/SF
− Vacancy
−$1.6K −$1.31/SF
EGI
$16.4K $13.70/SF
− OpEx
−$4.9K −$4.11/SF
NOI
$11.5K $9.59/SF
Area
Dane County, WI
Vacancy
8.70%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,080
Cap Rate 7%
$164,343
Cap Rate 9%
$127,822
Alternative Uses
Best Use
Retail
$164.3K
$143.8K – $191.7K
NOI $11,504 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$278.9K
$244.0K – $325.3K
NOI $19,520 @ 7.0% cap · market cap 7.51%
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
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
Demographics for 53598, WI
4,033
Population
1,666
Households
2.4
Avg Household Size
35
Median Age
33%
College-Educated
92%
High-School Grad
3.1 sq mi
ZIP Area
1,301
Density / Sq Mi
$100,119
Median Household Income
$60,136
Median Earnings
$1,470
Median Rent
$373,300
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The condominium suite includes salon furnishings, laundry facilities, storage, and a public restroom.
Where is this retail space located?
The property is located at 6562 Lake Road #4 Windsor, WI.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Approximately 1,200 square feet; Salon setup includes 6 cutting chairs, 3 coloring stations, and a manicure station; Laundry facilities, storage, and public restroom
