Commercial Land with Highway
For Sale
$297,700
E4851 Highway 14, Spring Green, WI 53588
COMMERCIAL - Spring Green, WI
Property Size1,800 SF
Lot Size1.72 Acres
Price / SF$165.39
Days on Market162
Property Features for E4851 Highway 14
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-8
Interior features
Signage available, Outside storage, Private office(s)
Lot features
Free standing, Near Major Highway
Directions
Hwy 14 just outside of Spring Green - West of Arthur's Steakhouse
Subdivision
SPRING GREEN - T
Standard status
Active
APN
multiple
Size
1,800 SF
Lot size
1.72 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7307
Building Details
Year built
1960
Number of units
2
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Century 21 Affiliated · Century 21 Real Estate
(608) 588-7021
Listed By:
Rhonda Rott · License #4429990
(608) 604-9070
Added: Mar 3
Changed: Aug 12
Last Checked: Aug 12 at 10:06AM
MLS# 2008518
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This B-8-zoned commercial land offering covers 1.72 acres at E4851 Highway 14 in Spring Green, Wisconsin. The property includes an existing 1,800-square-foot structure built in 1960, with a metal roof, private offices, available signage, and outside storage. Two driveways serve the site, which also has over 250 feet of frontage along Highway 14.
The property is positioned on the edge of Spring Green and includes access from a state highway. Its physical layout combines a sizable commercial parcel with an existing building and supporting site features. The address is in Sauk County, within ZIP code 53588.
The property is positioned on the edge of Spring Green and includes access from a state highway. Its physical layout combines a sizable commercial parcel with an existing building and supporting site features. The address is in Sauk County, within ZIP code 53588.
Key Highlights
- 1.72‑acre commercial land parcel
- Over 250 feet of frontage on Highway 14
- Two driveways provide site access
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
$18,144
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
6.09%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - B-8 zoning, two driveways, and an existing building are part of the property.
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; Over 250 feet of frontage on Highway 14; Two driveways provide site access
