Warehouse with 14-Foot Overhead
1211 Hobbs Drive Delavan, WI 53115
For Sale
$585,000
COMMERCIAL - Delavan, WI
Property Size6,000 SF
Lot Size0.63 Acres
Price / SF$97.50
Days on Market9
Property Features for 1211 Hobbs Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Comm
- Interior features
- Overhead doors, Private office(s)
- Standard status
- Active
- APN
- XA326100001
- Size
- 6,000 SF
- Lot size
- 0.63 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6809
Building Details
- Year built
- 2004
- Number of units
- 1
- Roof type
- Metal
Listing Agency:
Homestead Realty
(414) 461-4040
Listed By:
Brenten Kuznacic · License #5954794
(262) 203-1618
Added: Jul 16
Changed: Jul 23
Last Checked: Jul 24 at 9:06AM
MLS# 2020507
Copyright © 2026 REALTORS® Association of South Central Wisconsin. 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 warehouse building offers an open layout and includes three private offices, supporting a range of business uses. The property is sized at 6,000 square feet and sits on 0.63 acres, providing a workable interior configuration for day-to-day operations.
The building is positioned in Delavan, WI and is described as being surrounded by established national retailers. It also features a 14 ft high overhead door, which can support warehousing, distribution, or other operations requiring ample vertical clearance.
Zoned “Comm,” the space is presented for businesses looking to start or relocate, with the open floor plan designed to accommodate retail, office, or industrial use cases depending on the tenant’s needs.
The building is positioned in Delavan, WI and is described as being surrounded by established national retailers. It also features a 14 ft high overhead door, which can support warehousing, distribution, or other operations requiring ample vertical clearance.
Zoned “Comm,” the space is presented for businesses looking to start or relocate, with the open floor plan designed to accommodate retail, office, or industrial use cases depending on the tenant’s needs.
Key Highlights
- 6,000 SF commercial building built in 2004
- Open layout suited for retail, office, or industrial use
- 3 private offices plus an open work area
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $12.00 |
| − Vacancy | −$432 | −$0.07 |
| EGI | $71.6k | $11.93 |
| − OpEx | −$21.5k | −$3.58 |
| NOI | $50.1k | $8.35 |
6,000 SF · lease $12.00/SF/yr · vacancy 0.60% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$892.4K
$780.9K – $1.04M
NOI $62,469 @ 7.0% cap · market cap 10.68%
Second Best
Warehouse
$869.0K
$760.4K – $1.01M
NOI $60,833 @ 7.0% cap · market cap 10.40%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,054 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fastenal Fulfillment Center
Big Box & Wholesale Store
FAQs
What type of property is this?
Flex space - 6,000 sq ft commercial warehouse with an open layout, three private offices, and a 14 ft overhead door.
Where is this flex space located?
The property is located at 1211 Hobbs Drive Delavan, WI.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 6,000 SF commercial building built in 2004; Open layout suited for retail, office, or industrial use; 3 private offices plus an open work area
