Flex Space With Overhead
For Sale
$200,000
1180 Declark, Beaver Dam, WI 53916
Functional commercial space combines work areas with kitchen, bath, electrical service, and on-site parking.
Property Size1,600 SF
Price / SF$125
Days on Market54
Property Features for 1180 Declark
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Commercial
Additional Details
Voltage
220 V
Amenities
full kitchen
full bath
Building Details
Year Built
1986
Listing Agency:
Klodowski Real Estate
(920) 382-1707
Listed By:
Abby Klodowski
Source:
Madisonareahomelistings
Added: Jul 7
Changed: Aug 28
Last Checked: Aug 28 at 12:24PM
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 Klodowski Real Estate
Investment Insights
Based on property information with market context.
This 1,600-square-foot flex property, built in 1986, combines shop functionality with finished support areas. The building includes overhead doors, 220V electrical service, a complete kitchen, and a full bathroom, creating a practical setup for work, storage, and other commercial activities.
On-site parking supports convenient access to the property at 1180 Declark in Beaver Dam, Wisconsin. The configuration offers a straightforward blend of utility and comfort within a compact commercial building.
On-site parking supports convenient access to the property at 1180 Declark in Beaver Dam, Wisconsin. The configuration offers a straightforward blend of utility and comfort within a compact commercial building.
Key Highlights
- 1,600‑square‑foot flex property built in 1986
- Overhead doors provide shop access
- 220V electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,392
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$327,840
$327.8K
Cap Rate 7%
$234,171
$234.2K
Cap Rate 9%
$182,133
$182.1K
Market Conditions
NOI Build-Up for 1,600 SF
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.
Gross rent
$27.3K $17.04/SF
− Vacancy
−$2.0K −$1.28/SF
EGI
$25.2K $15.76/SF
− OpEx
−$8.8K −$5.52/SF
NOI
$16.4K $10.25/SF
Area
Dodge County, WI
Vacancy
7.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$327,840
Cap Rate 7%
$234,171
Cap Rate 9%
$182,133
Alternative Uses
Best Use
Flex RnD
$234.2K
$204.9K – $273.2K
NOI $16,392 @ 7.0% cap · market cap 8.20%
Second Best
Industrial
$135.8K
$118.8K – $158.4K
NOI $9,505 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$347.6K
$304.1K – $405.5K
NOI $24,330 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53916, WI
23,057
Population
11,001
Households
2.1
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
103.6 sq mi
ZIP Area
223
Density / Sq Mi
$72,704
Median Household Income
$48,218
Median Earnings
$932
Median Rent
$212,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Functional commercial space combines work areas with kitchen, bath, electrical service, and on-site parking.
Where is this flex space located?
The property is located at 1180 Declark Beaver Dam, WI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,600‑square‑foot flex property built in 1986; Overhead doors provide shop access; 220V electrical service
