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Historic Mixed-Use Property with Living Quarters
For Sale
$399,900

W4254 County Road K, Random Lake, WI 53075

Character-rich commercial property with an integrated bar, decorative tin ceilings, and on-site residential quarters.

Property Size3,082 SF
Price / SF$129.75
Days on Market94

Property Features for W4254 County Road K

General Information

Standard status Active
Size 3,082 SF

Building Details

Year Built 1885
Listing Agency: Boss Realty, LLC
Listed By: Thomas Zernia · License #5745190
Source: Sellingsheboygan
Added: Jul 14 Changed: Oct 8 Last Checked: Oct 15 at 2:24AM

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 Boss Realty, LLC

Investment Insights

Based on property information with market context.

Located at W4254 County Road K in Holland, Wisconsin, this mixed-use property dates to 1885 and offers a combination of commercial character and residential functionality. The interior includes a carved bar, tin ceilings, and living quarters within the building.

The property size is listed as 3,082, providing a compact format for an owner-occupant seeking space that combines business and living uses. Its historic detailing and existing configuration provide a distinctive foundation for continued mixed-use occupancy.

Key Highlights

  • 1885 construction date
  • 3,082 property size
  • Carved interior bar

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$33,584
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,680 $671.7K
Cap Rate 7%
$479,771 $479.8K
Cap Rate 9%
$373,156 $373.2K
Market Conditions
NOI Build-Up for 3,082 SF
Gross rent
$53.6K $17.40/SF
− Vacancy
−$8.8K −$2.87/SF
EGI
$44.8K $14.53/SF
− OpEx
−$11.2K −$3.63/SF
NOI
$33.6K $10.90/SF
Area
Sheboygan County, WI
Vacancy
16.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,680
Cap Rate 7%
$479,771
Cap Rate 9%
$373,156

Alternative Uses

Best Use
Specialty Retail
$578.9K
$506.6K – $675.4K (±1% cap)
NOI $40,525 @ 7.0% cap · market cap 10.13%
Second Best
Office B
$479.8K
$419.8K – $559.7K (±1% cap)
NOI $33,584 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$671.7K
$587.7K – $783.6K (±1% cap)
NOI $47,018 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Gym & Fitness Center Bar & Pub

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

9
Businesses Nearby

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
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Character-rich commercial property with an integrated bar, decorative tin ceilings, and on-site residential quarters.
Where is this mixed-use property located?
The property is located at W4254 County Road K Random Lake, WI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1885 construction date; 3,082 property size; Carved interior bar
More about this property
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