Single-Story Residential Income
For Sale
$224,900
Pending
N4140 Pine Street Unit 1, Brodhead, WI 53520
End-unit condo with an attached garage, private entry, composite deck, and finished lower-level space.
Property Size1,639 SF
Days on Market371
Property Features for N4140 Pine Street Unit 1
General Information
Standard status
Pending
Size
1,639 SF
Total Parking Spaces
2
Property subtype
Condo / Ranch-1 Story
Zoning
Res
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,812
Amenities
composite deck
gas fireplace
vaulted ceiling
skylights
in-home office
basement
laundry
Seller's Personal Property
Stove, Refrigerator, Dishwasher, Microwave, Water Softener, Washer, Dryer, Window Coverings.
Forced air, Central air
Wood or sim. wood floors, Vaulted ceiling, Skylight(s), Washer, Dryer, Water softener included, At Least 1 tub
Vinyl
Gas
Private Entry, Deck/Balcony
Building Details
Year Built
2004
Stories
1
Listing Agency:
Real Estate Connections SCW, LLC
(608) 558-3015
Listed By:
Jerry Elmer · License #58707-90 1477-9
(608) 558-3015
Source:
Compass
Added: Aug 25, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:06AM
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 Real Estate Connections SCW, LLC
Investment Insights
Based on property information with market context.
This end-unit, single-story condo offers first-floor living with a large kitchen, dining areas, laundry, and a spacious primary bedroom. The living room includes a gas fireplace and vaulted ceiling, while skylights brighten both the living room and main bathroom. Wood or sim. wood flooring, forced air, central air, and included appliances add to the existing improvements. A two-car attached garage, private entry, and composite deck are also part of the property.
The finished basement expands the layout with an egress window and an additional full bathroom. The lower level provides flexible finished space, while the main level includes a bathroom with at least one tub. Built in 2004 and zoned Res, the condo also includes a water softener, washer, dryer, and window coverings.
The finished basement expands the layout with an egress window and an additional full bathroom. The lower level provides flexible finished space, while the main level includes a bathroom with at least one tub. Built in 2004 and zoned Res, the condo also includes a water softener, washer, dryer, and window coverings.
Key Highlights
- End‑unit, single‑story condo with a two‑car attached garage
- Finished basement with egress window and additional full bathroom
- Gas fireplace, vaulted ceiling, and skylights in the living room
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
$20,104
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
8.94%
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%
$402,080
$402.1K
Cap Rate 7%
$287,200
$287.2K
Cap Rate 9%
$223,378
$223.4K
Market Conditions
NOI Build-Up for 1,639 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
$38.2K $23.28/SF
− Vacancy
−$1.6K −$0.98/SF
EGI
$36.6K $22.30/SF
− OpEx
−$16.4K −$10.04/SF
NOI
$20.1K $12.27/SF
Area
Green County, WI
Vacancy
4.20%
Lease Rate
$23.28 /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%
$402,080
Cap Rate 7%
$287,200
Cap Rate 9%
$223,378
Alternative Uses
Best Use
Apartment 5plus
$287.2K
$251.3K – $335.1K
NOI $20,104 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.8K
$418.9K – $558.6K
NOI $33,514 @ 7.0% cap · market cap 14.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 53520, WI
6,684
Population
3,188
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
94%
High-School Grad
119.9 sq mi
ZIP Area
56
Density / Sq Mi
$74,589
Median Household Income
$43,642
Median Earnings
$768
Median Rent
$211,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - End-unit condo with an attached garage, private entry, composite deck, and finished lower-level space.
Where is this residential income property located?
The property is located at N4140 Pine Street Unit 1 Brodhead, WI.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: End‑unit, single‑story condo with a two‑car attached garage; Finished basement with egress window and additional full bathroom; Gas fireplace, vaulted ceiling, and skylights in the living room
