Flex Space with Overhead
For Sale
$799,000
N7277 State Road 57, Random Lake, WI 53075
Y, Random Lake, WI
Property Size10,149 SF
Lot Size4.98 Acres
Price / SF$78.73
Days on Market231
Property Features for N7277 State Road 57
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
Hwy 57 Random Lake
Standard status
Active
APN
040020100100
Size
10,149 SF
Lot size
4.98 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4664
Building Details
Year built
1950
Architectural style
Other
Listing Agency:
Realty Officials
(262) 546-7000
Listed By:
Cottrell Team* · License #59505-90
(262) 689-7235
Added: Feb 18
Changed: Sep 8
Last Checked: Oct 7 at 6:06PM
MLS# 1950774
Copyright © 2026 Metro MLS. 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 commercial property includes two separate buildings designed for flexible business use. The larger building measures approximately 10,100 square feet, while the second building provides approximately 2,200 square feet. Both structures include multiple overhead doors and office space, supporting a combination of work, storage, and administrative functions.
The property is positioned along Hwy 57 in Random Lake, Wisconsin, providing direct highway access. Commercial zoning is in place, and the site encompasses multiple buildings suitable for a range of operational layouts.
The property is positioned along Hwy 57 in Random Lake, Wisconsin, providing direct highway access. Commercial zoning is in place, and the site encompasses multiple buildings suitable for a range of operational layouts.
Key Highlights
- Two commercial buildings measuring approximately 10,100 square feet and 2,200 square feet
- Multiple overhead doors in both buildings
- Office space included in each building
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
NOI $89,580 @ 7.0% cap · market cap 11.21%
Second Best
Warehouse
$1.10M
$965.7K – $1.29M
NOI $77,252 @ 7.0% cap · market cap 9.67%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,832 @ 7.0% cap · market cap 19.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
24
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned property with two buildings, multiple overhead doors, and office areas.
Where is this flex space located?
The property is located at N7277 State Road 57 Random Lake, 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: Two commercial buildings measuring approximately 10,100 square feet and 2,200 square feet; Multiple overhead doors in both buildings; Office space included in each building
