Flex Building with Overhead
For Sale
$585,000
1211 Hobbs Drive, Delavan, WI 53115
COMMERCIAL - Delavan, WI
Property Size6,000 SF
Lot Size0.63 Acres
Price / SF$97.50
Days on Market21
Property Features for 1211 Hobbs Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Interior features
Overhead doors, Private office(s)
Lot features
Business district, Free standing, Near Major Highway
Directions
Wright St to Hobbs Dr.
Subdivision
DELAVAN - C
Standard status
Active
APN
XA326100001
Size
6,000 SF
Lot size
0.63 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6809
Building Details
Year built
2004
Number of units
1
Roof type
Metal
Listing Agency:
Homestead Realty
(414) 461-4040
Listed By:
Brenten Kuznacic · License #5954794
(262) 203-1618
Added: Jul 16
Changed: Aug 5
Last Checked: Aug 5 at 9:06PM
MLS# 2020507
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.
Investment Insights
Based on property information with market context.
Built in 2004, this 6,000-square-foot commercial building offers a flexible interior arrangement for business operations. The property includes three private offices and a 14-foot-high overhead door, providing a combination of dedicated workspace and vertical clearance for storage or distribution-related functions. A metal roof is also in place.
The 0.63-acre property is located in Delavan, Wisconsin, and is surrounded by established national retailers. Access to major roadways supports convenient movement for customers, employees, and suppliers. Commercial zoning and the building’s combination of open space, offices, and overhead-door access support a range of retail, office, and industrial applications.
The 0.63-acre property is located in Delavan, Wisconsin, and is surrounded by established national retailers. Access to major roadways supports convenient movement for customers, employees, and suppliers. Commercial zoning and the building’s combination of open space, offices, and overhead-door access support a range of retail, office, and industrial applications.
Key Highlights
- 6,000 square feet of commercial building area
- 0.63‑acre property in Delavan, WI
- 14‑foot‑high overhead door
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 | $90.0k | $15.00 |
| − Vacancy | −$19.8k | −$3.30 |
| EGI | $70.2k | $11.70 |
| − OpEx | −$17.6k | −$2.93 |
| NOI | $52.7k | $8.78 |
6,000 SF · lease $15.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Flex RnD
$892.4K
$780.9K – $1.04M
NOI $62,469 @ 7.0% cap · market cap 10.68%
Second Best
Warehouse
$869.0K
$760.4K – $1.01M
NOI $60,833 @ 7.0% cap · market cap 10.40%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,054 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53115, WI
15,884
Population
8,848
Households
1.8
Avg Household Size
43
Median Age
25%
College-Educated
89%
High-School Grad
71.9 sq mi
ZIP Area
221
Density / Sq Mi
$70,880
Median Household Income
$38,871
Median Earnings
$1,012
Median Rent
$225,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercial building with adaptable interior space, private offices, and roadway access in Delavan.
Where is this flex space located?
The property is located at 1211 Hobbs Drive Delavan, WI.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 6,000 square feet of commercial building area; 0.63‑acre property in Delavan, WI; 14‑foot‑high overhead door
