Building Details

Year Built 1996

Buildings 2

Stories 1

Listing Agency: Judd Realty, LLC

Listed By: Karen Judd · License #54607-90 Show Phone

Source: Crexi

Added: May 27 Changed: Oct 25 Last Checked: Oct 28 at 4:48AM

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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 Judd Realty, LLC

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Investment Insights

Based on property information with market context.

This multifamily property is set up with common areas including a kitchen, living room, pantry, dining space, and more. The residences are described as having 6–7 bedrooms, one full bath, and 6–7 half baths, offering layouts suited to larger household needs.

The property sits on a 61,092 sq ft lot with abundant parking and outdoor flexibility for day-to-day use. An open house is scheduled for June 6th from 10:00am to 1:00pm.

Addressed at E11062 Center Road in North Freedom, WI, this offering is being presented as a versatile option for prospective buyers looking at a multifamily configuration with substantial shared spaces and outdoor ground area.

Key Highlights

• Multi‑family property built in 1996
• 61,092 sq ft lot with abundant parking and outdoor flexibility
• Common areas include a kitchen, living room, pantry, and dining areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$52,969

Cap Rate

7.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,059,380 $1.1M

Cap Rate 7%

$756,700 $756.7K

Cap Rate 9%

$588,544 $588.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,400 SF

Gross rent

$101.4K $15.84/SF

− Vacancy

−$5.1K −$0.79/SF

EGI

$96.3K $15.05/SF

− OpEx

−$43.3K −$6.77/SF

NOI

$53.0K $8.28/SF

Area

Sauk County, WI

Vacancy

5.00%

Lease Rate

$15.84 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,059,380

Cap Rate 7%

$756,700

Cap Rate 9%

$588,544

Alternative Uses

Best Use

Apartment 5plus

$756.7K

$662.1K – $882.8K (±1% cap)

NOI $52,969 @ 7.0% cap · market cap 7.58%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.30M

$1.13M – $1.51M (±1% cap)

NOI $90,685 @ 7.0% cap · market cap 12.97%

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

Current Use

Senior Housing / Retirement ...

Suggested Use

Top Pick Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 53951, WI

2,291

Population

1,119

Households

2

Avg Household Size

42

Median Age

17%

College-Educated

91%

High-School Grad

73.0 sq mi

ZIP Area

31

Density / Sq Mi

$70,729

Median Household Income

$38,250

Median Earnings

$910

Median Rent

$186,100

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?

Senior housing / Retirement Home - Multifamily property featuring shared kitchen, living, pantry, and dining areas across spacious units.

Where is this senior housing / retirement home located?

The property is located at E11062 Center Road North Freedom, WI.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: Multi‑family property built in 1996; 61,092 sq ft lot with abundant parking and outdoor flexibility; Common areas include a kitchen, living room, pantry, and dining areas