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S2269 Timothy, Baraboo, WI 53913
Three-building retail complex combining craft, café, and antique retail components with established vendor participation.
Property Size29,500 SF
Price / SF$132.20
Days on Market6
Property Features for S2269 Timothy
General Information
Standard status
Active
Size
29,500 SF
Property subtype
Retail, Office, Land
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
2002
Buildings
3
Units
3
Listing Agency:
Wisconsin Dells Realty
(608) 697-1118
Listed By:
Tory Wolfram · License #53217-90
Source:
Crexi
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 9 at 4:18AM
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 Wisconsin Dells Realty
Investment Insights
Based on property information with market context.
This shopping center comprises three buildings housing a craft mall, café, and antique mall. The property has operated year-round and includes booth-based retail space occupied and maintained by more than 360 vendors, each displaying its own inventory. The improvements were built in 2002 and offer a combined property size of 29,500.
Access is provided from I-90/94 at Exit 92, connecting the center with regional visitors and customers. The mix of specialty retail, food service, and antique merchandising creates a varied commercial configuration within one multi-building property.
Access is provided from I-90/94 at Exit 92, connecting the center with regional visitors and customers. The mix of specialty retail, food service, and antique merchandising creates a varied commercial configuration within one multi-building property.
Key Highlights
- Three‑building shopping center with craft mall, café, and antique mall components
- More than 360 vendors maintain and display inventory in individual booths
- Year‑round operation supported by craft, café, and antique retail uses
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
$297,360
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
7.62%
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%
$5,947,200
$5.9M
Cap Rate 7%
$4,248,000
$4.2M
Cap Rate 9%
$3,304,000
$3.3M
Market Conditions
NOI Build-Up for 29,500 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
$442.5K $15.00/SF
− Vacancy
−$17.7K −$0.60/SF
EGI
$424.8K $14.40/SF
− OpEx
−$127.4K −$4.32/SF
NOI
$297.4K $10.08/SF
Area
Sauk County, WI
Vacancy
4.00%
Lease Rate
$15.00 /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%
$5,947,200
Cap Rate 7%
$4,248,000
Cap Rate 9%
$3,304,000
Alternative Uses
Best Use
Specialty Retail
$5.54M
$4.85M – $6.46M
NOI $387,896 @ 7.0% cap · market cap 9.95%
Second Best
Retail
$4.25M
$3.72M – $4.96M
NOI $297,360 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$5.97M
$5.23M – $6.97M
NOI $418,003 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
184k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 54%
Dining 33%
Leisure 9%
Hotels & Casinos 4%
McDonald's
Dining
34,337 visits/mo
0.5 miles
T.J. Maxx
Apparel
27,992 visits/mo
0.5 miles
Eddie Bauer
Apparel
27,068 visits/mo
0.5 miles
Cracker Barrel Old Country Store
Dining
22,985 visits/mo
0.3 miles
Nike Factory Store
Apparel
17,168 visits/mo
0.5 miles
Demographics for 53913, WI
21,046
Population
10,444
Households
2
Avg Household Size
41
Median Age
26%
College-Educated
94%
High-School Grad
138.9 sq mi
ZIP Area
152
Density / Sq Mi
$73,856
Median Household Income
$44,261
Median Earnings
$951
Median Rent
$214,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Sunglass Hut — 120 Gasser Rd Suite 409, Baraboo, WI 53913
Frequently Asked Questions
What type of property is this?
Shopping center - Three-building retail complex combining craft, café, and antique retail components with established vendor participation.
Where is this shopping center located?
The property is located at S2269 Timothy Baraboo, WI.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Three‑building shopping center with craft mall, café, and antique mall components; More than 360 vendors maintain and display inventory in individual booths; Year‑round operation supported by craft, café, and antique retail uses
