Building Details

Year Built 1950

Buildings 2

Listing Agency: Realty Officials

Listed By: Cottrell Team* · License #59505-90 Show Phone

Source: Viewhomesinwisconsin

Added: Jun 12 Changed: Oct 1 Last Checked: Oct 12 at 7:53PM

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Investment Insights

Based on property information with market context.

This flex-space property includes two commercial buildings on a 4.97-acre site. The larger building contains approximately 10,100 square feet, while the second building provides approximately 2,200 square feet. Both structures have multiple overhead doors and office areas, supporting a combination of workspace, storage, and commercial operations.

The property fronts Hwy 57 at N7277 State Road 57 in Fredonia, Wisconsin. Originally built in 1950, the site offers a substantial existing building configuration with separate structures and direct highway access.

Key Highlights

• 4.97‑acre commercial property along Hwy 57
• Two buildings measuring approximately 10,100 square feet and 2,200 square feet
• Multiple overhead doors in both commercial buildings

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$63,619

Cap Rate

7.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,272,380 $1.3M

Cap Rate 7%

$908,843 $908.8K

Cap Rate 9%

$706,878 $706.9K

Market Conditions

NOI Build-Up for 10,149 SF

Gross rent

$91.3K $9.00/SF

− Vacancy

−$457 −$0.05/SF

EGI

$90.9K $8.96/SF

− OpEx

−$27.3K −$2.69/SF

NOI

$63.6K $6.27/SF

Area

Sheboygan County, WI

Vacancy

0.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,272,380

Cap Rate 7%

$908,843

Cap Rate 9%

$706,878

Alternative Uses

Best Use

Flex RnD

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,580 @ 7.0% cap · market cap 11.21%

Second Best

Warehouse

$1.10M

$965.7K – $1.29M (±1% cap)

NOI $77,252 @ 7.0% cap · market cap 9.67%

Theoretical Best

Office A

$2.21M

$1.94M – $2.58M (±1% cap)

NOI $154,832 @ 7.0% cap · market cap 19.38%

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

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Food Market Farmer's Market

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

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 53075, WI

3,219

Population

1,475

Households

2.2

Avg Household Size

48

Median Age

24%

College-Educated

94%

High-School Grad

36.5 sq mi

ZIP Area

88

Density / Sq Mi

$90,917

Median Household Income

$49,385

Median Earnings

$890

Median Rent

$273,000

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space 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?

Flex space - Two commercial buildings combine overhead-door access with dedicated office space.

Where is this flex space located?

The property is located at N7277 State Road 57 Fredonia, WI.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: 4.97‑acre commercial property along Hwy 57; Two buildings measuring approximately 10,100 square feet and 2,200 square feet; Multiple overhead doors in both commercial buildings