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    Mineral Point Shop Condos Title is generated by Realmo AI

    Tbd County Road O Road, Mineral Point, WI 53565

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    Claim this Listing
    For Sale
    $249,900

    Office,Service,Wholesale,Warehouse,Industrial,Automotive,Commercial Condo,Self storage

    Type:Condominium
    Property size:
    3,000 SF
    Price / SF:
    $83/SF
    Added:
    Feb 26, 2026
    Days on Market:
    76
    Last Refresh:
    May 13 at 10:06 am

    Property Features for Tbd County Road O Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Condominium
    Zoning
    Com
    Parking features
    Paved or Surfaced
    Interior features
    Private Restrooms, Less than 440 volt, 3 phase electric
    Exterior features
    Truck dr(s) hgr than 15ft
    Standard status
    Active
    APN
    018-1047
    Size
    3,000 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    0

    Utilities

    Utilities
    Electricity Available
    Heating system
    Radiant

    Building Details

    Year built
    2026
    Floors in Building
    1
    Number of units
    4
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Christina Weitzel

    Listing agent Christina Weitzel

    Listing office RE/MAX Preferred 229 High St, Baraboo, WI

    Listing date Feb 26, 2026

    MLS# 2017154 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.

    HighLights

    • Convenient location off Exit 44 in Mineral Point with easy highway access.
    • Newly built shop condos suitable for business, storage, or hobbies.
    • Premium 200‑amp 3‑phase electrical service customizable to needs.
    • Large 14x14 insulated garage doors with windows and Bluetooth remotes.
    • Radiant heat and high‑speed internet installed.
    • Durable, zero‑maintenance steel exterior and recycled asphalt driveway.

    Overview

    These newly built shop condos are located off Exit 44 in Mineral Point, offering a convenient and highly noticeable location with easy on-and-off ramp access. Units are available in 25x60 and 50x60 sizes. The units feature a steel-framed structure with a modern single-pitched roof design and impressive 30 ft front walls and 25 ft rear walls. Each unit includes a finished bathroom with a storage mezzanine above, and large 14x14 insulated garage doors with windows and Bluetooth remotes. Radiant heat and premium 200-amp 3-phase electrical service that can be customized are included. The buildings are efficiently insulated with R-36 ceilings and R-32 walls and finished with sleek continuous metal interiors and a zero-maintenance steel exterior. High-speed internet is installed throughout, along with interior water spigots and baseboard heat in bathrooms. Durable recycled asphalt driveways are also included. The property is zoned for commercial use, making it suitable for office, service, wholesale, warehouse, industrial, automotive, commercial condo, and self-storage purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Mineral Point
    County
    Iowa
    State
    Wisconsin
    Longitude
    -90.1971231
    Latitude
    42.8466014

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    FAQs

    What type of property is this?
    Flex space - New shop condos perfect for business, storage, or hobby.
    Where is this flex space located?
    The property is located at Tbd County Road O Road Mineral Point, WI.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: Convenient location off Exit 44 in Mineral Point with easy highway access.; Newly built shop condos suitable for business, storage, or hobbies.; Premium 200‑amp 3‑phase electrical service customizable to needs.
    (608) 393-3330
    We can help!
    Listing Contact
    Christina Weitzel
    Real Estate License ID: 85554-94
    Learn More
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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.

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