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    1820 Wisconsin Ave New Holstein, WI 53061

    For Sale
    $1,061,000

    Prime Retail Bank, High Cap Rate

    Property size:
    8,879 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a single-tenant, 8,879 square foot retail building located at 1820 Wisconsin Avenue in New Holstein, Wisconsin, 53061. Currently leased to BMO Harris Bank under a NNN lease expiring October 31, 2026, this property boasts a remaining lease term of approximately 1.9 years. The asking price is $1,061,000, representing a compelling price per square foot of $119.50 and an attractive 8.00% cap rate. The property benefits from high visibility and accessibility, situated near Monroe Road and Dickinson Road, with an estimated 8,300 vehicles passing daily. Utilities are readily available on-site. The NNN lease structure minimizes landlord responsibilities, making this a low-maintenance investment. The property's versatile nature presents potential for various business uses beyond its current banking function, adding to its long-term value. This is a rare opportunity to acquire a well-located, income-producing property with a strong cap rate in a thriving business environment. The lease includes annual rent increases.

    Property Features for 1820 Wisconsin Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,879 SF

    HighLights

    • NNN lease in place through December 2025.
    • High traffic count: 8,300 vehicles per day.
    • All utilities available on‑site.
    • Excellent access to Monroe Road and Dickinson Road.
    • 8% capitalization rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BMO Harris Bank Bank ATM Atm

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    New Holstein
    County
    Calumet
    State
    Wisconsin
    Longitude
    -88.088942145172
    Latitude
    43.949792039967

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Bank, High Cap Rate
    Where is this individual retail property located?
    The property is located at 1820 Wisconsin Ave New Holstein, WI.
    What is the asking price?
    The asking price for this property is $1,061,000.
    What are key features of this property?
    This property features: NNN lease in place through December 2025.; High traffic count: 8,300 vehicles per day.; All utilities available on-site.
    Request Owner's contact information
    1820 Wisconsin Ave New Holstein, WI 53061
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    New Holstein, WI 53061
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    Realmo Value Estimation

    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.

    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.

    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
    1820 Wisconsin Ave New Holstein, WI 53061
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