Two-Bedroom Residential Income
For Sale
$250,000
859 Park Unit 102, Oregon, WI 53575
Condo with private patio, open-field views, and a primary suite with walk-in closet and private shower.
Property Size1,007 SF
Price / SF$248.26
Days on Market175
Property Features for 859 Park Unit 102
General Information
Standard status
Active
Size
1,007 SF
Property subtype
Condo / Ranch-1 Story
Zoning
Condo
Units
Unit Mix
1 x 2-bedroom
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,654
Amenities
private back patio
Seller's personal property.
Stove, refrigerator, dishwasher, microwave, washer, dryer, and window coverings.
Forced air, Central air
Wood or sim. wood floors, Walk-in closet(s), Washer, Dryer, Water softener included, Cable/Satellite Available, Internet - Cable, Internet - DSL
Vinyl, Brick
Private Entry, Patio
Building Details
Year Built
1993
Listing Agency:
Real Broker LLC
(608) 527-0753
Listed By:
Marine Yoo · License #58777-90
(608) 527-0753
Source:
Compass
Added: Mar 10
Changed: Aug 31
Last Checked: Aug 31 at 3:42AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This 1,007-square-foot condo offers a two-bedroom layout with a bright living area, private entry, and patio facing an open field. The primary bedroom includes a walk-in closet and private shower, while the second bedroom can serve as guest accommodation, an office, or additional living space. Wood or simulated wood floors, forced-air heating, central air, and a water softener are included.
Built in 1993, the residence has vinyl and brick exterior materials and comes with a stove, refrigerator, dishwasher, microwave, washer, dryer, and window coverings. Cable and DSL internet availability are also noted. The property is identified with Condo zoning and is located at 859 Park, Unit 102, in Oregon, Wisconsin.
Built in 1993, the residence has vinyl and brick exterior materials and comes with a stove, refrigerator, dishwasher, microwave, washer, dryer, and window coverings. Cable and DSL internet availability are also noted. The property is identified with Condo zoning and is located at 859 Park, Unit 102, in Oregon, Wisconsin.
Key Highlights
- Two‑bedroom condo with 1,007 SF of living space
- Private patio overlooking a large open field
- Primary bedroom includes a walk‑in closet and private shower
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
$8,124
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
3.25%
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%
$162,480
$162.5K
Cap Rate 7%
$116,057
$116.1K
Cap Rate 9%
$90,267
$90.3K
Market Conditions
NOI Build-Up for 1,007 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
$15.5K $15.36/SF
− Vacancy
−$696 −$0.69/SF
EGI
$14.8K $14.67/SF
− OpEx
−$6.6K −$6.60/SF
NOI
$8.1K $8.07/SF
Area
Dane County, WI
Vacancy
4.50%
Lease Rate
$15.36 /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%
$162,480
Cap Rate 7%
$116,057
Cap Rate 9%
$90,267
Alternative Uses
Best Use
Apartment 5plus
$116.1K
$101.6K – $135.4K
NOI $8,124 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$234.0K
$204.8K – $273.0K
NOI $16,380 @ 7.0% cap · market cap 6.55%
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
189
Businesses Nearby
Explore this area
Business Placement
Demographics for 53575, WI
17,320
Population
7,036
Households
2.5
Avg Household Size
41
Median Age
47%
College-Educated
97%
High-School Grad
55.3 sq mi
ZIP Area
313
Density / Sq Mi
$110,388
Median Household Income
$64,251
Median Earnings
$1,223
Median Rent
$384,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condo with private patio, open-field views, and a primary suite with walk-in closet and private shower.
Where is this residential income property located?
The property is located at 859 Park Unit 102 Oregon, WI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑bedroom condo with 1,007 SF of living space; Private patio overlooking a large open field; Primary bedroom includes a walk‑in closet and private shower
