Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    24050 Wi 35 Siren, WI 54872

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    24050 Wi 35 Siren, WI 54872

    View on Map
    • Retail properties & Spaces
    • 3,000 SF
    • 0.17 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 24050 Wi 35

    Lot size
    0.17 lot acres
    Property size
    3,000 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 24050 WI 35 in Siren, Wisconsin, presents a unique investment opportunity. The 3,000 square foot main building is situated on a 0.17-acre lot (APN 181230015600) and enjoys a highly visible main street location on Highway 35/70, ensuring significant traffic exposure. Currently operating as a well-established business, Lee's Sport and Saw, the property boasts a loyal customer base and strong sales history. The building itself is meticulously maintained and features an efficient heating system. The interior layout includes a spacious retail area, a fully equipped repair shop, a dedicated office, and a parts room, providing ample space for various business operations. The asking price is $229,900. This is a single-tenancy property with 100% occupancy. The property is zoned for commercial use. Two additional steel storage buildings, each approximately 2,000 square feet, are available for an additional $100,000. Note that the forklift, dollies, and other equipment are not included in the sale. This turnkey operation offers immediate income potential and a solid foundation for continued growth. Don't miss this chance to acquire a thriving business and prime real estate in a desirable Wisconsin location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Siren
    County
    Siren
    State
    Wisconsin
    Longitude
    -92.3805
    Latitude
    45.7867

    Comparable in this City

    • Value Estimation by Request
      1,943 SF

      24608 Wi-35

      Individual retail properties • 1,943 SF
      24608 Wi-35, Siren, WI 54872
      View Details
    • Value Estimation by Request
      2,037 SF

      24049 Wi-35

      Retail properties & Spaces • 2,037 SF
      24049 Wi-35, Siren, WI 54872
      View Details
    • Value Estimation by Request
      1.43 Acres

      Siren, WI 54872

      COMMERCIAL (GENERAL) • 1.43 Acres
      Siren, WI 54872
      View Details
    • Value Estimation by Request
      0.17 Acres

      Siren, WI 54872

      COMMERCIAL (GENERAL) • 0.17 Acres
      Siren, WI 54872
      View Details
    • Value Estimation by Request
      24.00 Acres

      Siren, WI 54872

      VACANT COMMERCIAL LAND • 24.00 Acres
      Siren, WI 54872
      View Details
    • Value Estimation by Request
      0.40 Acres

      Siren, WI 54872

      VACANT COMMERCIAL LAND • 0.40 Acres
      Siren, WI 54872
      View Details

    Similar Nearby for Sale

    • $50,000
      5.08 Acres

      Wooded Land Near Siren, WI

      5-acre wooded lot suitable for home, cabin, or camper.
      Tollander Rd, Siren, WI 54872
      View Details
    • $225,000
      Pending

      Timber Theater Business Opportunity

      Established theater business in Siren, WI, available for purchase.
      24226X 1St Ave, Siren, WI 54872
      View Details
    • $550,000
      Pending

      Established Theater Business Opportunity

      Theater business for sale in Siren, Wisconsin.
      24226 1St Ave, Siren, WI 54872
      View Details
    • Contact for pricing

      Successful Dairy Queen Business Opportunity

      Dairy Queen business and property for sale in Siren, Wisconsin.
      24165 State Road 35 70, Siren, WI 54872
      View Details
    • $42,000
      0.44 Acres

      Commercial Lot in Siren, WI

      Prime .44-acre commercial lot ready for development in Siren, WI.
      1St Ave, Siren, WI 54872
      View Details
    • $32,000
      2.28 Acres

      Land For Sale in Siren

      Spacious wooded lots near town with no association fees.
      Shady Ln, Siren, WI 54872
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24050 Wi 35
    Siren, WI 54872
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    24050 Wi 35, Siren, WI, 54872

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!