Flex Space with Overhead
For Sale
$575,000
1211 Hobbs Drive, Delavan, WI 53115
An open commercial floor plan includes three private offices and access to major roadways.
Property Size6,000 SF
Price / SF$95.83
Days on Market198
Property Features for 1211 Hobbs Drive
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Zoning
Comm
Amenities
3 private offices
14 ft high overhead door
Building Details
Building Size
6,000 SF
Year Built
2004
Buildings
1
Units
1
Listing Agency:
Homestead Realty
(414) 461-4040
Listed By:
Brenten Kuznacic · License #5954794
(262) 203-1618
Source:
Geigerrealtors
Added: Apr 10
Changed: Oct 23
Last Checked: Oct 23 at 2:09PM
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 Homestead Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,000-square-foot flex property in Delavan offers an open interior and three private offices. A 14-foot overhead door adds vertical clearance for operations involving larger items. The building was constructed in 2004 and carries Comm zoning.
At 1211 Hobbs Drive, the property is surrounded by established national retailers and has access to major roadways. The open layout is presented as adaptable for retail, office, or industrial applications.
At 1211 Hobbs Drive, the property is surrounded by established national retailers and has access to major roadways. The open layout is presented as adaptable for retail, office, or industrial applications.
Key Highlights
- 6,000‑square‑foot commercial building
- Three private offices within an open layout
- 14 ft high overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,098
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,960
$1.0M
Cap Rate 7%
$715,686
$715.7K
Cap Rate 9%
$556,644
$556.6K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$72.0K $12.00/SF
− Vacancy
−$432 −$0.07/SF
EGI
$71.6K $11.93/SF
− OpEx
−$21.5K −$3.58/SF
NOI
$50.1K $8.35/SF
Area
Walworth County, WI
Vacancy
0.60%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,960
Cap Rate 7%
$715,686
Cap Rate 9%
$556,644
Alternative Uses
Best Use
Flex RnD
$892.4K
$780.9K – $1.04M
NOI $62,469 @ 7.0% cap · market cap 10.86%
Second Best
Warehouse
$869.0K
$760.4K – $1.01M
NOI $60,833 @ 7.0% cap · market cap 10.58%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,054 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
492
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - An open commercial floor plan includes three private offices and access to major roadways.
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 $575,000.
What are key features of this property?
This property features: 6,000‑square‑foot commercial building; Three private offices within an open layout; 14 ft high overhead door
