NNN-Leased Flex
1007 Jerome Janesville, WI 53546
1007 Jerome, Janesville, WI, 53546
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For Sale
Contact for pricing
Freestanding, NNN-leased flex building with heated/cooled garage bay and finished office quarters.
Property Size4,000 SF
Price / SF$158.40
Days on Market55
Property Features for 1007 Jerome
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1980
Listing agency
Altus Commercial Real Estate
(608) 214-6742
Listed by
Will Schlosser · License #89987-94
Source
Crexi
Added: May 28 Updated: Jul 20 at 9:10PM Checked: Jul 20 at 9:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Altus Commercial Real Estate
Investment Insights
Based on property information with market context.
Freestanding flex building offered on a NNN basis and currently leased to NASDAQ-listed DocGo Inc., DBA Ryan Brothers Ambulance, through 7/31/29 with two (1) year options and 3.5% annual increases. The building is described as a nicely finished 4,000 sf facility with one heated/cooled garage bay featuring a 12' H x 20' W overhead door, floor drains, washer/dryer, and water spigots. The garage area is stated to be large enough for four ambulances.
Interior space includes four office/sleeping rooms, two bathrooms, a kitchenette, and a lounge/living room area. The building is equipped with central AC and heating, and the HVAC system includes ozone sterilization. Reported recent updates include a remodel in 2016 and two new AC units in 2018, along with interior and exterior cameras and remote smart capabilities.
The property is marketed as part of a group offering, with eight similar buildings available for sale across three counties.
Interior space includes four office/sleeping rooms, two bathrooms, a kitchenette, and a lounge/living room area. The building is equipped with central AC and heating, and the HVAC system includes ozone sterilization. Reported recent updates include a remodel in 2016 and two new AC units in 2018, along with interior and exterior cameras and remote smart capabilities.
The property is marketed as part of a group offering, with eight similar buildings available for sale across three counties.
Key Highlights
- Freestanding 4,000 SF flex building built in 1980, NNN leased to DocGo Inc. (DBA Ryan Brothers Ambulance)
- Lease term through 7/31/29 with 2 (1) year options and 3.5% annual increases
- Heated/cooled garage bay with 12' H x 20' W overhead door, floor drains, washer/dryer, and water spigots
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 | $88.8k | $22.20 |
| − Vacancy | −$18.6k | −$4.66 |
| EGI | $70.2k | $17.54 |
| − OpEx | −$17.5k | −$4.38 |
| NOI | $52.6k | $13.15 |
4,000 SF · lease $22.20/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$751.6K
$657.7K – $876.9K
NOI $52,614 @ 7.0% cap · market cap 8.30%
Second Best
Flex RnD
$673.9K
$589.7K – $786.2K
NOI $47,174 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$961.2K
$841.1K – $1.12M
NOI $67,286 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ryan Brothers Ambulance ...
Ambulance Service
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Freestanding, NNN-leased flex building with heated/cooled garage bay and finished office quarters.
Where is this flex space located?
The property is located at 1007 Jerome Janesville, WI.
What is the asking price?
The asking price for this property is $633,600.
What are key features of this property?
This property features: Freestanding 4,000 SF flex building built in 1980, NNN leased to DocGo Inc. (DBA Ryan Brothers Ambulance); Lease term through 7/31/29 with 2 (1) year options and 3.5% annual increases; Heated/cooled garage bay with 12' H x 20' W overhead door, floor drains, washer/dryer, and water spigots
