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    401 E Conde St Janesville, WI 53546

    Sponsored
    For Lease
    $208,500

    Office,Service,Wholesale,Manufacturing,Warehouse,Industrial,Automotive,Day care,Self storage

    Property size:
    30,000 SF
    Lot size:
    3.00 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 2 at 7:06 pm

    Property Features for 401 E Conde St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    M2
    APN
    241 0307100018
    Parking
    56
    Parking features
    Paved or Surfaced
    Interior features
    Overhead doors, Private Restrooms, 3 phase electric
    Exterior features
    Loading dock(s)
    Size
    30,000 SF
    Lot size
    3.00 Acres

    Utilities

    Utilities
    Electricity Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1995
    Floors in Building
    1
    Number of units
    1
    Building materials
    Brick, Glass
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    David Baehr
    David Baehr

    American, REALTORS (608) 834-2600

    Listing agent David Baehr (608) 834-2600

    Listing date Mar 2, 2026

    MLS# 2000204 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Janesville Industrial Building with Upscale Office

    This premier 30,000 sq ft industrial building is situated on 3 acres in Janesville’s South Side, located within a TIF District and an Opportunity Zone, potentially offering a permanent tax exclusion on new gains. The property includes 7,406 sq ft of upscale office/lab space featuring white rooms, an executive office with ensuite, and other elite amenities. The 22,594 sq ft warehouse area has 20-24 ft ceilings, two loading docks, and one overhead door, making it suitable for storage, manufacturing, or distribution. The property features a modern design with ample glass, an elegant conference room, and locker rooms. Security is enhanced by a 6 ft fence with razor wire around the perimeter, an automatic gate, and a security system. Plans have been drawn for a 26,000 sq ft addition. The property is suited for office, service, wholesale, manufacturing, warehouse, industrial, automotive, day care, and self-storage purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    American Extractions Business To Business Service

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Department Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Best Events Catering

    Location Insight

    • Map
    • Local Demand
    City
    Janesville
    County
    Rock
    State
    Wisconsin
    Longitude
    -89.006322
    Latitude
    42.653574

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    FAQs

    What type of property is this?
    Flex space - 30,000 sq ft industrial building with upscale office space.
    Where is this flex space located?
    The property is located at 401 E Conde St Janesville, WI.
    What is the lease rate?
    The lease rate is $208,500.
    What are key features of this property?
    This property features: - 30,000 sq ft industrial building on 3 acres in Janesville's South Side.; - Located within a TIF District and an Opportunity Zone, offering potential tax benefits.; - **7,406 sq ft of upscale office/lab space with white rooms and executive office with ensuite.**
    (608) 213-6686
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    401 E Conde St Janesville, WI 53546
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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
    401 E Conde St Janesville, WI 53546
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    We can help!
    Listing Contact
    David Baehr
    David Baehr
    Real Estate License ID: 5260990
    (608) 213-6686 (608) 834-2600 (608) 834-2613
    Learn more
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