Building Details

Building Size 2,678 SF

Year Built 1972

Buildings 1

Listing Agency: Roberts Homes and Real Estate b***@adashunjones.com Show Phone

Listed By: Brooke E. Boyle-Schneider · License #91-936600 Show Phone

Source: C21ace

Added: Aug 7 Changed: Aug 23 Last Checked: Aug 23 at 7:33AM

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Investment Insights

Based on property information with market context.

This two-unit residential property contains 2,678 square feet and was built in 1972. The larger residence provides four bedrooms and 1.5 baths, while the other offers two bedrooms and one full bath. Both units include an attached one-car garage, a full basement, and laundry facilities on the main floor.

Recent property improvements include a metal roof and concrete driveway. The low-maintenance exterior supports straightforward upkeep. Located at N11832 West Line Road in Brownsville, Wisconsin, the property offers a duplex configuration with two separate living spaces and distinct floor plans.

Key Highlights

• Duplex with 2,678 square feet, built in 1972
• Unit mix includes 4 bedrooms and 1.5 baths plus 2 bedrooms and 1 full bath
• Each unit includes an attached 1‑car garage and full basement

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

$23,923

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

6.84%

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%

$478,460 $478.5K

Cap Rate 7%

$341,757 $341.8K

Cap Rate 9%

$265,811 $265.8K

Market Conditions

NOI Build-Up for 2,678 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

$35.3K $13.20/SF

− Vacancy

−$1.2K −$0.44/SF

EGI

$34.2K $12.76/SF

− OpEx

−$10.3K −$3.83/SF

NOI

$23.9K $8.93/SF

Area

Dodge County, WI

Vacancy

3.32%

Lease Rate

$13.20 /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%

$478,460

Cap Rate 7%

$341,757

Cap Rate 9%

$265,811

Alternative Uses

Best Use

Multifamily LT 5

$341.8K

$299.0K – $398.7K (±1% cap)

NOI $23,923 @ 7.0% cap · market cap 6.84%

Second Best

Apartment 5plus

$316.8K

$277.2K – $369.6K (±1% cap)

NOI $22,173 @ 7.0% cap · market cap 6.34%

Theoretical Best

Office A

$581.8K

$509.0K – $678.7K (±1% cap)

NOI $40,723 @ 7.0% cap · market cap 11.64%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Building Supply Auto Repair Shop Kitchen & Bath Showroom

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

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Explore this area Business Placement

Demographics for 53006, WI

1,767

Population

822

Households

2.1

Avg Household Size

43

Median Age

20%

College-Educated

94%

High-School Grad

40.0 sq mi

ZIP Area

44

Density / Sq Mi

$89,375

Median Household Income

$51,148

Median Earnings

$1,120

Median Rent

$229,100

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 duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two distinct floor plans include attached garages, full basements, and main-floor laundry.

Where is this duplex located?

The property is located at N11832 WEST LINE Road Brownsville, WI.

What is the asking price?

The asking price for this property is $349,900.

What are key features of this property?

This property features: Duplex with 2,678 square feet, built in 1972; Unit mix includes 4 bedrooms and 1.5 baths plus 2 bedrooms and 1 full bath; Each unit includes an attached 1‑car garage and full basement