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    Property profile & analytics

    1402 Liberty Ave Beloit, WI 53511

    • Neighborhood centers
    • 7,038 SF
    • 0.92 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Subway / Caterer / Sandwich Shop
    • Boost Mobile / Cell Phone Store / Telecommunications Service Provider
    • Cricket Wireless Authorized Retailer / Cell Phone Store

    Property Details for 1402 Liberty Ave

    Lot size
    0.92 lot acres
    Property size
    7,038 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    This 7,038 square foot retail strip center, located at 1402 Liberty Avenue in Beloit, Wisconsin (zip code 53511), presents a compelling leasing opportunity. The property sits on a 0.92-acre lot (40,068 square feet) and currently features multiple tenants. A significant portion of the space, totaling 4,738 square feet, is currently vacant and available for lease. The building offers a versatile layout ideal for a variety of retail or commercial uses. Features include expansive storefront windows designed to maximize visibility and attract customers, along with ample parking to ensure convenient access for both employees and patrons. The property's strategic location in Beloit provides high visibility and easy accessibility, contributing to a strong potential for attracting substantial foot traffic and enhancing brand recognition. The interior is adaptable and can be customized to meet the specific needs of a new tenant. The exterior presents a professional and inviting image. This is an excellent opportunity for businesses seeking a prominent and adaptable location to reach their target market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Beloit
    County
    Rock
    State
    Wisconsin
    Longitude
    -89.0558
    Latitude
    42.5104

    Comparable in this City

    • Value Estimation
      $255,000
      1,404 SF

      412 Liberty Ave

      SHOPPING CENTER, STRIP CENTER • 1,404 SF
      412 Liberty Ave, Beloit, WI 53511-5107
      View Details
    • Value Estimation
      $290,000
      2.04 Acres

      2950 Pr Ave

      SHOPPING CENTER, STRIP CENTER • 2.04 Acres
      2950 Pr Ave, Beloit, WI 53511-1899
      View Details
    • Value Estimation
      $390,000
      9,642 SF

      1402 Willowbrook Rd

      SHOPPING CENTER, STRIP CENTER • 9,642 SF
      1402 Willowbrook Rd, Beloit, WI 53511
      View Details
    • Value Estimation
      $265,000
      2,600 SF

      1301 Keeler Ave

      SHOPPING CENTER, STRIP CENTER • 2,600 SF
      1301 Keeler Ave, Beloit, WI 53511
      View Details
    • Value Estimation
      $275,000
      3,335 SF

      1501 6th St

      SHOPPING CENTER, STRIP CENTER • 3,335 SF
      1501 6th St, Beloit, WI 53511-4258
      View Details
    • Value Estimation
      $260,000
      2,995 SF

      949 Brks St

      SHOPPING CENTER, STRIP CENTER • 2,995 SF
      949 Brks St, Beloit, WI 53511-6028
      View Details

    Similar Nearby for Sale

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    • $169,900

      Upgraded Commercial Space in Beloit

      Freshly improved interior ideal for retail, office, or boutique.
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    • $125,000
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      Beloit Commercial Land: Prime Location

      0.34-acre commercial lot, ideal investment.
      1050 5Th St, Beloit, WI 53511
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      Prime Beloit Land - Park Ave.

      High-visibility land, ideal for various uses.
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    Similar Nearby for Lease

    • $25 SF/Yr
      7,848 SF

      Beloit Retail Space for Lease

      High-visibility retail space near major highways.
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      Morgan Square Retail Center

      High-traffic retail space available.
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    • Contact for pricing
      7,038 SF

      Beloit Retail Strip Center Opportunity

      High-visibility retail space available in Beloit, WI.
      1402 Liberty Ave, Beloit, WI 53511
      View Details
    • $20 SF/Yr
      3,200 SF

      Prime Beloit Retail Space

      Restaurant space, high traffic area, 3200 sq ft
      2648 Prairie Ave, Beloit, WI 53511
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    • Contact for pricing
      24,829 SF

      Park Avenue Retail Development Opportunity

      Prime 1-acre retail site in Rock County.
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    • $6 SF/Yr
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      Madison Road Retail Opportunity

      18,000 SF Retail Space in Beloit, WI
      1715 Madison Rd, Beloit, WI 53511
      View Details
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    1402 Liberty Ave
    Beloit, WI 53511
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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