Building Details

Year Built 2023

Listing Agency: Compass RE WI-Tosa

Listed By: Corinne Fales · License #6033890 Show Phone

Source: Nikolicgroup

Added: Aug 6 Changed: Oct 4 Last Checked: Oct 7 at 3:19PM

Report an Issue

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 Compass RE WI-Tosa

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 2023-built flex property offers garage condominium space designed for storage, work, and personal-use applications. Existing units measure approximately 1,100 square feet and include individual service meters, a floor drain, water spigot, Modine heater, and available WiFi. Community restroom access is available from unit 19.

A future building is planned with customizable units ranging from approximately 650 to 3,000 square feet. The source information identifies options for adding mezzanine lofts, offices, lounges, storage, or entertainment areas. Owners may also rent their units to others.

Key Highlights

• 2023‑built flex property with garage condominium units
• Existing units offer approximately 1,100 sq ft
• Individual service meters, floor drain, water spigot, and Modine heater

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$3,471

Cap Rate

3.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$69,420 $69.4K

Cap Rate 7%

$49,586 $49.6K

Cap Rate 9%

$38,567 $38.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,100 SF

Gross rent

$4.5K $4.08/SF

− Vacancy

−$404 −$0.37/SF

EGI

$4.1K $3.71/SF

− OpEx

−$613 −$0.56/SF

NOI

$3.5K $3.16/SF

Area

Rock County, WI

Vacancy

9.00%

Lease Rate

$4.08 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$69,420

Cap Rate 7%

$49,586

Cap Rate 9%

$38,567

Alternative Uses

Best Use

Flex RnD

$185.3K

$162.2K – $216.2K (±1% cap)

NOI $12,973 @ 7.0% cap · market cap 12.99%

Second Best

Warehouse

$49.6K

$43.4K – $57.9K (±1% cap)

NOI $3,471 @ 7.0% cap · market cap 3.47%

Theoretical Best

Office A

$264.3K

$231.3K – $308.4K (±1% cap)

NOI $18,504 @ 7.0% cap · market cap 18.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

B & J Storage Storage Facility

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Restaurant Law Firm Dental Office HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

112

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 53563, WI

11,503

Population

4,672

Households

2.5

Avg Household Size

42

Median Age

31%

College-Educated

96%

High-School Grad

67.0 sq mi

ZIP Area

172

Density / Sq Mi

$89,397

Median Household Income

$47,742

Median Earnings

$972

Median Rent

$270,800

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

See more

Residential Income Property with Basement

602 East Madison Avenue, Unit 35, Milton, WI 53563

$399,900

2,440 SF

View details

Mixed-Use Property with Restaurant

16-18 Front Street, Milton, WI 53563

$749,900

3,040 SF

View details

Three-Bedroom Duplex with Garages

68 E Ash Ln, Milton, WI 53563

Contact for pricing

2,805 SF

View details

Two-Unit Duplex with Garages

56 E Ash Ln, Milton, WI 53563

Contact for pricing

2,805 SF

View details

Lake Koshkonong Supper Club Opportunity

11802 Charley Bluff Rd, Milton, WI 53563

Contact for pricing

7,139 SF

View details

Frequently Asked Questions

What type of property is this?

Flex space - Private units include individual meters, a floor drain, water spigot, heater, and access to a community restroom.

Where is this flex space located?

The property is located at 1251 Arthur Dr Milton, WI.

What is the asking price?

The asking price for this property is $99,900.

What are key features of this property?

This property features: 2023‑built flex property with garage condominium units; Existing units offer approximately 1,100 sq ft; Individual service meters, floor drain, water spigot, and Modine heater