645 Sandpiper Trail Cottage Grove, WI 53527
COMMERCIAL - Cottage Grove, WI
Property Features for 645 Sandpiper Trail
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- PB
- Security features
- Security System
- Interior features
- Overhead doors, Truck dr(s) 15ft or lower, Private Restrooms, 3 phase electric, Reception area, Signage available, Security system, Internal sprinkler, Private office(s)
- Standard status
- Active
- APN
- 0711-081-4822-1
- Size
- 19,211 SF
- Lot size
- 2.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 37895
Building Details
- Year built
- 2024
- Number of units
- 1
- Roof type
- Membrane
Listing agent David Baehr License #5260990 (608) 213-6686
Listing office American, REALTORS 202 W Main St, Sun Prairie, WI (608) 834-2600
Listing date Jul 15, 2026
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.
The property is situated on a 2.27-acre lot and is offered in Cottage Grove, Wisconsin. Zoning is listed as PB.
Financial information in the remarks includes a 9.15% cap rate and $448,163 NOI, which account for a recent rent adjustment. The vacant primary space is referenced at $19.50/SF NNN.
Key Highlights
- Brand‑new 2024 19,211 SF Class‑A flex complex at 645 Sandpiper Trail, featuring both main and detached buildings.
- 14,737 SF main building with retail/office/showroom/warehouse use; currently mostly vacant for owner‑occupant or tenant expansion.
- Separate 4,474 SF detached building is fully built out and 100% leased for immediate income.
Local Financial Insights For Office B
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 | $421.9k | $21.96 |
| − Vacancy | −$67.5k | −$3.51 |
| EGI | $354.4k | $18.45 |
| − OpEx | −$88.6k | −$4.61 |
| NOI | $265.8k | $13.83 |
