Three-Story Mixed-Use
New
For Sale
$494,900
7563 Hwy 51, Minocqua, WI 54548
Business zoning supports office, rental, home-based office, and live-work uses.
Property Size3,120 SF
Lot Size0.68 Acres
Price / SF$158.62
Days on Market3
Property Features for 7563 Hwy 51
General Information
Standard status
Active
Size
3,120 SF
Lot size
0.68 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
hardwood floors
stone fireplace
Viking appliances
6x10 lighted sign
Building Details
Buildings
1
Stories
3
Building Size
3,120 SF
Listing Agency:
REDMAN REALTY GROUP, LLC
Listed By:
Guy Polacek · License #42584
(561) 758-6769
Source:
Dreamnorthre
Added: Sep 9
Last Checked: Sep 10 at 5:29AM
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 REDMAN REALTY GROUP, LLC
Investment Insights
Based on property information with market context.
This three-floor mixed-use property contains 3,120 square feet with a 3 Bed 3 Bath layout, full basement, loft, and multiple office areas. Interior features include hardwood floors, a stone fireplace, and Viking appliances. The building can function as commercial space or a residence, with room at the rear of the property for additional garage space.
Positioned along Hwy 51 South at 7563 Hwy 51, the property includes a 6x10 lighted sign facing the highway. The 0.68-acre site is approximately 3 miles from Downtown Minocqua, in an area described as having new business development. Business zoning supports contractors, professional office use, home-based office operations, rental use, Airbnb, or live-work occupancy.
Positioned along Hwy 51 South at 7563 Hwy 51, the property includes a 6x10 lighted sign facing the highway. The 0.68-acre site is approximately 3 miles from Downtown Minocqua, in an area described as having new business development. Business zoning supports contractors, professional office use, home-based office operations, rental use, Airbnb, or live-work occupancy.
Key Highlights
- 3,120‑square‑foot building with three floors
- 3 Bed 3 Bath layout with full basement and loft
- Multiple office areas with hardwood floors and stone 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
$26,676
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
5.39%
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%
$533,520
$533.5K
Cap Rate 7%
$381,086
$381.1K
Cap Rate 9%
$296,400
$296.4K
Market Conditions
NOI Build-Up for 3,120 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
$46.8K $15.00/SF
− Vacancy
−$11.2K −$3.60/SF
EGI
$35.6K $11.40/SF
− OpEx
−$8.9K −$2.85/SF
NOI
$26.7K $8.55/SF
Area
Oneida County, WI
Vacancy
24.00%
Lease Rate
$15.00 /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%
$533,520
Cap Rate 7%
$381,086
Cap Rate 9%
$296,400
Alternative Uses
Best Use
Office B
$381.1K
$333.5K – $444.6K
NOI $26,676 @ 7.0% cap · market cap 5.39%
Second Best
Mixed Use
$328.5K
$287.5K – $383.3K
NOI $22,998 @ 7.0% cap · market cap 4.65%
Theoretical Best
Industrial
$1.46M
$1.28M – $1.70M
NOI $102,221 @ 7.0% cap · market cap 20.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 54548, WI
5,406
Population
5,096
Households
1.1
Avg Household Size
56
Median Age
36%
College-Educated
96%
High-School Grad
99.0 sq mi
ZIP Area
55
Density / Sq Mi
$69,784
Median Household Income
$42,378
Median Earnings
$935
Median Rent
$307,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Business zoning supports office, rental, home-based office, and live-work uses.
Where is this mixed-use property located?
The property is located at 7563 Hwy 51 Minocqua, WI.
What is the asking price?
The asking price for this property is $494,900.
What are key features of this property?
This property features: 3,120‑square‑foot building with three floors; 3 Bed 3 Bath layout with full basement and loft; Multiple office areas with hardwood floors and stone fireplace
