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: Sep 8 Last Checked: Sep 11 at 5:41AM

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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

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 = 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

$52,969

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

7.58%

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%

$1,059,380 $1.1M

Cap Rate 7%

$756,700 $756.7K

Cap Rate 9%

$588,544 $588.5K

Market Conditions

NOI Build-Up for 6,400 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

$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 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%

$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.

Property Analytics

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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

Questions? Ask Rey

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What type of property is this? Where is this senior housing / retirement homes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Apartment Building with Storage

E11062 Center Road, North Freedom, WI 53951

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Duplex with Common Areas

E11062 Center Road, North Freedom, WI 53951

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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