Two-Level Mixed-Use
For Sale
$425,000
915 E Mineral, Platteville, WI 53818
The property includes a leased lower level and an adaptable main level.
Property Size4,157 SF
Price / SF$102.24
Days on Market42
Property Features for 915 E Mineral
General Information
Standard status
Active
Size
4,157 SF
Property subtype
Commercial
Building Details
Year Built
2000
Listing Agency:
Equity Real Estate Group, LLC
Listed By:
Troy Timmerman · License #8537094
(608) 778-8224
Source:
Madisonareahomesforsale
Added: Jul 30
Changed: Sep 8
Last Checked: Sep 8 at 6:57AM
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 Equity Real Estate Group, LLC
Investment Insights
Based on property information with market context.
Built in 2000, this mixed-use commercial property is arranged across a main level and a lower level. The building previously served as a medical facility and offers a layout suited to office, retail, and professional-service uses. The lower level is currently leased on a month-to-month basis, creating an existing rental arrangement while the main level remains available for use or occupancy.
Located at 915 E Mineral Street in Platteville, Wisconsin, the property carries G2 Commercial zoning. Its two-level configuration provides separate areas for continued leasing, business operations, or a combination of both, subject to applicable zoning and occupancy requirements.
Located at 915 E Mineral Street in Platteville, Wisconsin, the property carries G2 Commercial zoning. Its two-level configuration provides separate areas for continued leasing, business operations, or a combination of both, subject to applicable zoning and occupancy requirements.
Key Highlights
- Main‑level and lower‑level configuration
- Lower level currently leased month‑to‑month
- Former medical facility layout
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
$28,683
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
6.75%
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%
$573,660
$573.7K
Cap Rate 7%
$409,757
$409.8K
Cap Rate 9%
$318,700
$318.7K
Market Conditions
NOI Build-Up for 4,157 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
$49.9K $12.00/SF
− Vacancy
−$4.0K −$0.96/SF
EGI
$45.9K $11.04/SF
− OpEx
−$17.2K −$4.14/SF
NOI
$28.7K $6.90/SF
Area
Grant County, WI
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
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%
$573,660
Cap Rate 7%
$409,757
Cap Rate 9%
$318,700
Alternative Uses
Best Use
Office B
$823.9K
$721.0K – $961.3K
NOI $57,676 @ 7.0% cap · market cap 13.57%
Second Best
Retail
$767.7K
$671.7K – $895.6K
NOI $53,737 @ 7.0% cap · market cap 12.64%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,559 @ 7.0% cap · market cap 18.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Explore this area
Business Placement
Demographics for 53818, WI
15,786
Population
6,146
Households
2.6
Avg Household Size
28
Median Age
39%
College-Educated
93%
High-School Grad
154.4 sq mi
ZIP Area
102
Density / Sq Mi
$55,615
Median Household Income
$20,296
Median Earnings
$887
Median Rent
$214,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property includes a leased lower level and an adaptable main level.
Where is this mixed-use property located?
The property is located at 915 E Mineral Platteville, WI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Main‑level and lower‑level configuration; Lower level currently leased month‑to‑month; Former medical facility layout
