Residential Income Property with
For Sale
$449,000
734 8th Street, Prairie du Sac, WI 53578
Ranch-style condo with main-floor living, a screened porch, finished lower level, and attached garage.
Property Size2,380 SF
Price / SF$188.66
Days on Market141
Property Features for 734 8th Street
General Information
Standard status
Active
Size
2,380 SF
Property subtype
Condo / Ranch-1 Story
Zoning
Condo
Taxes and HOA fees
Annual Taxes
$5,575
Amenities
Stove, Refrigerator, Dishwasher, Dryer, Water Softener, shelves in garage and basement, window coverings
Forced air, Central air
Wood or sim. wood floors, Walk-in closet(s), Great room, Vaulted ceiling, Washer, Dryer, Water softener included, Cable/Satellite Available, Split bedrooms
Vinyl, Brick
Gas, 1 fireplace
Private Entry, Wooded lot
Building Details
Year Built
2003
Listing Agency:
First Weber Inc
(608) 393-8848
Listed By:
Pam Halverson · License #55796-94
(608) 393-8848
Source:
Compass
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 2:19AM
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 First Weber Inc
Investment Insights
Based on property information with market context.
This 2,380-square-foot ranch-style condo, built in 2003, combines main-level living with additional finished space below. The great room includes vaulted ceiling detail and a gas fireplace, while the open kitchen connects directly to the primary living area. A screened porch and adjoining deck overlook a wooded lot. The main floor also includes the owner’s suite with a walk-in closet and tile shower, plus a den for office or quiet-use space.
The lower level adds a second bedroom, full bathroom, and generous gathering area. An attached two-car garage provides covered parking and includes shelving, while interior features include wood or simulated wood flooring, central air, forced-air heating, in-unit laundry, and a water softener. The property is located at 734 8th Street in Prairie du Sac, Wisconsin, and is zoned Condo.
The lower level adds a second bedroom, full bathroom, and generous gathering area. An attached two-car garage provides covered parking and includes shelving, while interior features include wood or simulated wood flooring, central air, forced-air heating, in-unit laundry, and a water softener. The property is located at 734 8th Street in Prairie du Sac, Wisconsin, and is zoned Condo.
Key Highlights
- 2,380‑square‑foot ranch‑style condo built in 2003
- Main‑floor owner’s suite with walk‑in closet and tile shower
- Great room with vaulted ceiling detail and gas fireplace
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
$19,698
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
4.39%
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%
$393,960
$394.0K
Cap Rate 7%
$281,400
$281.4K
Cap Rate 9%
$218,867
$218.9K
Market Conditions
NOI Build-Up for 2,380 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
$37.7K $15.84/SF
− Vacancy
−$1.9K −$0.79/SF
EGI
$35.8K $15.05/SF
− OpEx
−$16.1K −$6.77/SF
NOI
$19.7K $8.28/SF
Area
Sauk County, WI
Vacancy
5.00%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
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%
$393,960
Cap Rate 7%
$281,400
Cap Rate 9%
$218,867
Alternative Uses
Best Use
Apartment 5plus
$281.4K
$246.2K – $328.3K
NOI $19,698 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$481.8K
$421.6K – $562.1K
NOI $33,724 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Explore this area
Business Placement
Demographics for 53578, WI
6,556
Population
2,779
Households
2.4
Avg Household Size
42
Median Age
41%
College-Educated
95%
High-School Grad
43.1 sq mi
ZIP Area
152
Density / Sq Mi
$100,194
Median Household Income
$51,196
Median Earnings
$1,141
Median Rent
$333,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Ranch-style condo with main-floor living, a screened porch, finished lower level, and attached garage.
Where is this residential income property located?
The property is located at 734 8th Street Prairie du Sac, WI.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2,380‑square‑foot ranch‑style condo built in 2003; Main‑floor owner’s suite with walk‑in closet and tile shower; Great room with vaulted ceiling detail and gas fireplace
