Commercial Land with Highway
New
For Sale
$297,700
Pending
E4851 Highway 14, Spring Green, WI 53588
B-8-zoned land with two driveways offers a commercial presence along Highway 14.
Property Size1,800 SF
Days on Market3
Property Features for E4851 Highway 14
General Information
Standard status
Pending
Size
1,800 SF
Property subtype
Commercial
Zoning
B-8
Building Details
Building Size
1,800 SF
Year Built
1960
Units
2
Listing Agency:
Century 21 Affiliated
Listed By:
Rhonda Rott · License #4429990
(608) 604-9070
Source:
Conradrealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:47PM
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 Century 21 Affiliated
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial land parcel encompasses 1.72 acres in Spring Green, Wisconsin, with B-8 zoning. Two driveways provide access, and the property has more than 250 feet of frontage along Highway 14.
Key Highlights
- 1.72‑acre commercial land parcel
- More than 250 feet of frontage on Highway 14
- Two driveways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,144
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,880
$362.9K
Cap Rate 7%
$259,200
$259.2K
Cap Rate 9%
$201,600
$201.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$27.0K $15.00/SF
− Vacancy
−$1.1K −$0.60/SF
EGI
$25.9K $14.40/SF
− OpEx
−$7.8K −$4.32/SF
NOI
$18.1K $10.08/SF
Area
Sauk County, WI
Vacancy
4.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,880
Cap Rate 7%
$259,200
Cap Rate 9%
$201,600
Alternative Uses
Best Use
Retail
$259.2K
$226.8K – $302.4K
NOI $18,144 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$364.4K
$318.8K – $425.1K
NOI $25,505 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 53588, WI
4,139
Population
1,944
Households
2.1
Avg Household Size
50
Median Age
32%
College-Educated
95%
High-School Grad
139.9 sq mi
ZIP Area
30
Density / Sq Mi
$88,359
Median Household Income
$47,407
Median Earnings
$956
Median Rent
$273,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - B-8-zoned land with two driveways offers a commercial presence along Highway 14.
Where is this commercial land located?
The property is located at E4851 Highway 14 Spring Green, WI.
What is the asking price?
The asking price for this property is $297,700.
What are key features of this property?
This property features: 1.72‑acre commercial land parcel; More than 250 feet of frontage on Highway 14; Two driveways
