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    312 7Th St Delavan, WI 53115

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    For Lease
    Contact for pricing

    Executive & Medical Suites Available

    Lot size:
    6,840 SF

    Property Features for 312 7Th St

    General Information

    Property type
    Medical Office Space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,840 SF
    Total Rate
    7894.5

    Spaces For Lease

    at 312 7Th St, Delavan, WI 53115 Contact us
    Unit Lower Level

    $13 /Mo

    Size
    650 SF
    Contact us

    We can help!

    Listing Contact
    Kristen Parks
    Kristen Parks

    Listing Agency: Anderson Commercial Group, LLC Listing Agent: Kristen Parks

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 6,840 square foot office building, located at 312 S 7th St in Delavan, Wisconsin, presents a fantastic leasing opportunity. The property, zoned BL, sits on a 0.39-acre lot and offers ample parking with 18 spaces. Currently, there are multiple tenants, with 1,300 square feet of space immediately available for lease. This space is ideal for executive or medical office use, offering a flexible layout adaptable to various business needs. The building's address is 312 S 7th St, Delavan, WI 53115. The property's APN is XP 00164, located in Walworth County. The available suite comprises 650 square feet, perfect for a smaller practice or business expansion. The building's multi-tenant structure provides a collaborative environment, while the ample parking ensures convenient access for clients and staff. This prime location in Delavan offers excellent visibility and accessibility, making it an attractive option for businesses seeking a professional and well-maintained office space. Don't miss this chance to secure your ideal office space in this thriving community. Inquire today to learn more about leasing options and availability.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Planned Parenthood - Delavan ... Medical Clinic AG COLLECTIBLEZ (Bike/Boat/Book/etc) Store Uptown Ink Tattoo & Piercing Shop Sierra Exteriors LLC Roofing Company Rapid & PCR Testing ... Medical Laboratory

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Delavan
    County
    Walworth
    State
    Wisconsin
    Longitude
    -88.6379671
    Latitude
    42.62904

    Nearby Similar for Lease

    • $5,795 /Mo
      5,000 SF

      Delavan Commercial Building with Offices

      5,000 sq ft commercial building with offices and warehouse space.
      1812 Hobbs Dr, Delavan, WI 53115
      View Details
    • $16 SF/Yr
      41,898 SF

      Delavan Retail Center - Prime Location

      High-traffic retail space available in Delavan, WI.
      1741 Geneva St, Delavan, WI 53115
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Executive & Medical Suites Available
    Where is this medical office space located?
    The property is located at 312 7Th St Delavan, WI.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 6,840 SF office building on a 0.39-acre lot in Delavan, WI.; 1,300 SF immediately available for lease, ideal for executive or medical offices.; Professional office building with recent renovations.
    (414) 858-5226 Call to check price and availability
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    312 7Th St Delavan, WI 53115
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kristen Parks
    Kristen Parks
    Real Estate License ID: WI90341-94
    (414) 858-5226 (414) 550-8925 (414) 425-2700
    Learn more
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