Golf Course Residential Income
For Sale
$289,900
792 Fairway Drive, Mosinee, WI 54455
Four-bedroom condo with a two-level layout, deck, landscaped yard, and golf course views.
Property Size1,810 SF
Price / SF$160.17
Days on Market18
Property Features for 792 Fairway Drive
General Information
Standard status
Active
Size
1,810 SF
Property subtype
Land
Units
Unit Mix
1 x 4BR/2.5BA
Multifamily Units
1
Amenities
gas fireplace
deck
golf course views
Building Details
Year Built
1994
Construction
ranch
Listing Agency:
Norwisrealty.Com LLC
(715) 965-1234
Listed By:
Kelly Weiler
(715) 965-1234
Source:
Familytreerealtyllc
Added: Aug 13
Changed: Aug 29
Last Checked: Aug 29 at 9:06PM
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 Norwisrealty.Com LLC
Investment Insights
Based on property information with market context.
This updated ranch-style condo contains 1,810 square feet with four bedrooms and 2 1/2 baths arranged across two levels. The main floor combines the living area and kitchen in an open layout, with a gas fireplace serving as a central feature. Two bedrooms are located on the main level, including the primary suite with a walk-in closet and private bath. The lower level adds a family room, two bedrooms, and a full bath.
Outdoor space includes a large deck and landscaped yard oriented toward golf course views. Built in 1994, the property is located at 792 Fairway Drive in Mosinee, Wisconsin, with access to the course from the residence.
Outdoor space includes a large deck and landscaped yard oriented toward golf course views. Built in 1994, the property is located at 792 Fairway Drive in Mosinee, Wisconsin, with access to the course from the residence.
Key Highlights
- 1,810‑square‑foot ranch‑style condo built in 1994
- Four bedrooms and 2 1/2 baths across two levels
- Open main‑level living and kitchen area with 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
$13,647
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
4.71%
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%
$272,940
$272.9K
Cap Rate 7%
$194,957
$195.0K
Cap Rate 9%
$151,633
$151.6K
Market Conditions
NOI Build-Up for 1,810 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
$26.1K $14.40/SF
− Vacancy
−$1.3K −$0.69/SF
EGI
$24.8K $13.71/SF
− OpEx
−$11.2K −$6.17/SF
NOI
$13.6K $7.54/SF
Area
Marathon County, WI
Vacancy
4.80%
Lease Rate
$14.40 /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%
$272,940
Cap Rate 7%
$194,957
Cap Rate 9%
$151,633
Alternative Uses
Best Use
Apartment 5plus
$195.0K
$170.6K – $227.5K
NOI $13,647 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$334.4K
$292.6K – $390.2K
NOI $23,409 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 54455, WI
18,897
Population
8,058
Households
2.3
Avg Household Size
42
Median Age
31%
College-Educated
95%
High-School Grad
235.6 sq mi
ZIP Area
80
Density / Sq Mi
$94,609
Median Household Income
$50,076
Median Earnings
$1,041
Median Rent
$226,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Four-bedroom condo with a two-level layout, deck, landscaped yard, and golf course views.
Where is this residential income property located?
The property is located at 792 Fairway Drive Mosinee, WI.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 1,810‑square‑foot ranch‑style condo built in 1994; Four bedrooms and 2 1/2 baths across two levels; Open main‑level living and kitchen area with gas fireplace
