Building Details

Year Built 1948

Units 1

Listing Agency: Madcityhomes.Com

Listed By: Stuart Meland · License #51242-90 Show Phone

Source: Crexi

Added: Aug 11 Changed: Sep 13 Last Checked: Oct 14 at 10:04PM

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Investment Insights

Based on property information with market context.

Built in 1948, this 2,707-square-foot mixed-use property has a two-level configuration with a former radio station occupying the lower floor and a residence above. The building’s exterior was designed to resemble the bow of a cruise ship, creating a distinctive architectural profile. A full basement includes large windows and was previously finished. The property requires extensive cosmetic renovation, offering a substantial rehabilitation project or the option to remove the existing structure.

The building sits on a high hill at N2349 WIBU Road in Poynette, Wisconsin, with views toward the Baraboo Bluffs. The 2.76-acre site provides land surrounding the existing improvements and can support evaluation of future residential or commercial concepts, subject to applicable approvals.

Key Highlights

• 2,707‑square‑foot mixed‑use building constructed in 1948
• Former radio station on the lower floor with residence above
• Full basement with large windows; previously finished

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,159

Cap Rate

6.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$643,180 $643.2K

Cap Rate 7%

$459,414 $459.4K

Cap Rate 9%

$357,322 $357.3K

Market Conditions

NOI Build-Up for 2,707 SF

Gross rent

$58.5K $21.60/SF

− Vacancy

−$7.0K −$2.59/SF

EGI

$51.5K $19.01/SF

− OpEx

−$19.3K −$7.13/SF

NOI

$32.2K $11.88/SF

Area

Columbia County, WI

Vacancy

12.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$643,180

Cap Rate 7%

$459,414

Cap Rate 9%

$357,322

Alternative Uses

Best Use

Mixed Use

$459.4K

$402.0K – $536.0K (±1% cap)

NOI $32,159 @ 7.0% cap · market cap 6.70%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$608.2K

$532.1K – $709.5K (±1% cap)

NOI $42,571 @ 7.0% cap · market cap 8.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Wnno Radio Station WDLS Radio Station

Suggested Use

Top Pick Law Firm HVAC Service Plumbing Service Pharmacy Auto Parts Store Hair Salon

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

22

Businesses Nearby

Explore this area Business Placement

Demographics for 53955, WI

5,951

Population

2,805

Households

2.1

Avg Household Size

45

Median Age

27%

College-Educated

96%

High-School Grad

73.1 sq mi

ZIP Area

81

Density / Sq Mi

$95,802

Median Household Income

$52,849

Median Earnings

$791

Median Rent

$285,100

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties 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?

Mixed-use property - Distinctive two-story building with former radio and residential uses, positioned on a hill overlooking the Baraboo Bluffs.

Where is this mixed-use property located?

The property is located at N2349 WIBU Road Poynette, WI.

What is the asking price?

The asking price for this property is $479,900.

What are key features of this property?

This property features: 2,707‑square‑foot mixed‑use building constructed in 1948; Former radio station on the lower floor with residence above; Full basement with large windows; previously finished