Lot B Industrial DRIVE, Barneveld, WI 53186

Building Details

Year Built 1897 More

Listing Agency: First Weber Inc - Delafield i***@firstweber.com

Listed By: J Tweeden + Associates Team* · License WI #5220490 Show Phone

Source: Exsellexperts

Added: Oct 31 Changed: Nov 9 Last Checked: Nov 9 at 7:48AM

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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 First Weber Inc - Delafield

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Investment Insights

Based on property information with market context.

Built in 1897, this 2,460-square-foot quadplex contains four one-bedroom apartments. Hardwood floors run through the units, and the first floor features 9-foot ceilings. Basement laundry serves the building, with off-street parking and a garage sized for more than two cars.

The property is in a historic district, a few blocks from Carroll University, on a tree-lined street.

Key Highlights

• Four one‑bedroom apartments in a 2,460‑square‑foot building
• Built in 1897 and located in a historic district
• First‑floor ceilings reach 9 feet; apartments have hardwood floors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,131

Cap Rate

8.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$522,620 $522.6K

Cap Rate 7%

$373,300 $373.3K

Cap Rate 9%

$290,344 $290.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,460 SF

Gross rent

$49.6K $20.16/SF

− Vacancy

−$2.1K −$0.85/SF

EGI

$47.5K $19.31/SF

− OpEx

−$21.4K −$8.69/SF

NOI

$26.1K $10.62/SF

Area

Waukesha County, WI

Vacancy

4.20%

Lease Rate

$20.16 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$522,620

Cap Rate 7%

$373,300

Cap Rate 9%

$290,344

Alternative Uses

Best Use

Multifamily LT 5

$403.1K

$352.8K – $470.3K (±1% cap)

NOI $28,220 @ 7.0% cap · market cap 9.57%

Second Best

Apartment 5plus

$373.3K

$326.6K – $435.5K (±1% cap)

NOI $26,131 @ 7.0% cap · market cap 8.86%

Theoretical Best

Flex RnD

$1.26M

$1.10M – $1.46M (±1% cap)

NOI $87,886 @ 7.0% cap · market cap 29.79%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

30

Businesses Nearby

Explore this area Business Placement

Demographics for 53186, WI

32,332

Population

15,066

Households

2.1

Avg Household Size

38

Median Age

39%

College-Educated

95%

High-School Grad

12.6 sq mi

ZIP Area

2,566

Density / Sq Mi

$74,596

Median Household Income

$42,007

Median Earnings

$1,180

Median Rent

$277,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Quadplex - Four one-bedroom apartments include hardwood flooring, with shared laundry in the basement.

Where is this quadplex located?

The property is located at Lot B Industrial DRIVE Barneveld, WI.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: Four one‑bedroom apartments in a 2,460‑square‑foot building; Built in 1897 and located in a historic district; First‑floor ceilings reach 9 feet; apartments have hardwood floors