Medical Office Investment
116 N Dodge St Burlington, WI 53105
For Sale
$1,150,000
Medical office space leased to a Class A tenant with remaining term and renewal options.
Property Size7,512 SF
Price / SF$153.09
Days on Market24
Property Features for 116 N Dodge St
General Information
Standard status
Active
Size
7,512 SF
Listing Agency:
Great Lakes Real Estate Svs
(262) 206-9545
Listed By:
Karl McKillip · License #5836190
(262) 206-9545
Source:
Exprealty
Added: Jul 6
Changed: Jul 26
Last Checked: Jul 26 at 4:15AM
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 Great Lakes Real Estate Svs
Investment Insights
Based on property information with market context.
The property is a medical office space offered for sale, currently leased to a Class A tenant (Aurora). The lease shows 3 years remaining on the current term, along with three (3) 5-year options, and annual rent increases. The tenant pays quarterly dues directly to the association and reimburses the landlord for annual RET upon proof of payment or invoice.
The property’s address is 116 N Dodge St in Burlington, WI.
The listing is structured around an existing, in-place tenancy with documented renewal options and scheduled rent increases.
The property’s address is 116 N Dodge St in Burlington, WI.
The listing is structured around an existing, in-place tenancy with documented renewal options and scheduled rent increases.
Key Highlights
- Medical office space leased to a Class A tenant (Aurora)
- 3 years remaining on the current lease term
- Tenant has (3) 5‑year renewal options
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 | $157.8k | $21.00 |
| − Vacancy | −$28.4k | −$3.78 |
| EGI | $129.4k | $17.22 |
| − OpEx | −$32.3k | −$4.31 |
| NOI | $97.0k | $12.92 |
7,512 SF · lease $21.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.39M
$1.21M – $1.62M
NOI $97,017 @ 7.0% cap · market cap 8.44%
Second Best
Healthcare Medical
$1.32M
$1.16M – $1.54M
NOI $92,555 @ 7.0% cap · market cap 8.05%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,454 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Molitor Pet & Bird Clinic — 108 N Pine St, Burlington, WI 53105
- Creature Comforts House Call Veterinary Service — 615 N Pine St, Burlington, WI 53105
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space leased to a Class A tenant with remaining term and renewal options.
Where is this medical office space located?
The property is located at 116 N Dodge St Burlington, WI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Medical office space leased to a Class A tenant (Aurora); 3 years remaining on the current lease term; Tenant has (3) 5‑year renewal options
