Flex Space with
For Sale
$346,500
11014 Blackhawk, Blue Mounds, WI 53517
Built in 2016, this flexible commercial property includes mezzanine space and overhead-door access.
Property Size2,100 SF
Price / SF$165
Days on Market60
Property Features for 11014 Blackhawk
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Commercial
Additional Details
HOA Fee
$125
Highway Access
Yes
Building Details
Year Built
2016
Listing Agency:
Madison Commercial Real Estate LLC
Listed By:
Mike Herl · License #5120090
(608) 212-4623
Source:
Madisonareahomelistings
Added: Aug 18
Changed: Oct 3
Last Checked: Oct 14 at 11:18PM
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 Madison Commercial Real Estate LLC
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Investment Insights
Based on property information with market context.
This 2,100-square-foot flex space is configured as an industrial condominium with mezzanine space and one overhead door. Constructed in 2016, the property offers a practical combination of adaptable commercial area and elevated interior space for business operations or storage-related needs.
The property is located at 11014 Blackhawk in Blue Mounds, Wisconsin, with visibility from Highway 18/151. Its flex-space classification and industrial condominium format provide a straightforward option for an owner-user or commercial occupant seeking a dedicated property with direct overhead access.
The property is located at 11014 Blackhawk in Blue Mounds, Wisconsin, with visibility from Highway 18/151. Its flex-space classification and industrial condominium format provide a straightforward option for an owner-user or commercial occupant seeking a dedicated property with direct overhead access.
Key Highlights
- 2,100‑square‑foot flex space
- Mezzanine space included
- One overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,036
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,720
$500.7K
Cap Rate 7%
$357,657
$357.7K
Cap Rate 9%
$278,178
$278.2K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$30.2K $14.40/SF
− Vacancy
−$786 −$0.37/SF
EGI
$29.5K $14.03/SF
− OpEx
−$4.4K −$2.10/SF
NOI
$25.0K $11.92/SF
Area
Dane County, WI
Vacancy
2.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,720
Cap Rate 7%
$357,657
Cap Rate 9%
$278,178
Alternative Uses
Best Use
Warehouse
$357.7K
$313.0K – $417.3K
NOI $25,036 @ 7.0% cap · market cap 7.23%
Second Best
Industrial
$294.5K
$257.7K – $343.6K
NOI $20,618 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$488.0K
$427.0K – $569.3K
NOI $34,160 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53517, WI
1,892
Population
834
Households
2.3
Avg Household Size
44
Median Age
35%
College-Educated
97%
High-School Grad
45.9 sq mi
ZIP Area
41
Density / Sq Mi
$74,722
Median Household Income
$46,030
Median Earnings
$1,133
Median Rent
$410,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Built in 2016, this flexible commercial property includes mezzanine space and overhead-door access.
Where is this flex space located?
The property is located at 11014 Blackhawk Blue Mounds, WI.
What is the asking price?
The asking price for this property is $346,500.
What are key features of this property?
This property features: 2,100‑square‑foot flex space; Mezzanine space included; One overhead door
