Small Office Building with Leased
1600 N High Point Rd Middleton, WI 53562
For Sale
Contact for pricing
Small commercial office building with a portion leased to a national lab company and an available owner-occupied area.
Property Size6,260 SF
Price / SF$199.52
Days on Market715
Property Features for 1600 N High Point Rd
General Information
Standard status
Active
Size
6,260 SF
Property subtype
OFFICE
Listing Agency:
Lighthouse Commercial Real Estate
(608) 445-3500
Listed By:
David Haug
(608) 445-3500
Source:
Moodyscre
Added: Aug 15, 2024
Changed: Jul 25
Last Checked: Jul 29 at 12:20PM
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 Lighthouse Commercial Real Estate
Investment Insights
Based on property information with market context.
This small office building totals 6,260 square feet, plus a lower level. The property includes 2,790 square feet leased to a national lab company, while the owner-occupied portion is available for a new owner’s use at closing or can be leased to maintain an investment structure. Recent updates include a new roof, new siding, new mechanicals, new parking, and new site work.
The property is located at 1600 N High Point Rd in Middleton, WI. It offers a straightforward small-building setup with both leased and available space, supported by the recent exterior and building systems improvements.
With the majority of the hard work already completed, this offering is designed for a buyer who either wants to occupy the available portion or retain the existing lease while adding additional tenancy as desired.
The property is located at 1600 N High Point Rd in Middleton, WI. It offers a straightforward small-building setup with both leased and available space, supported by the recent exterior and building systems improvements.
With the majority of the hard work already completed, this offering is designed for a buyer who either wants to occupy the available portion or retain the existing lease while adding additional tenancy as desired.
Key Highlights
- 6,260 SF small commercial building with an additional lower level
- 2,790 SF leased to a national lab company
- Owner‑occupied portion available for new buyer use at closing or can be leased for investment
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 | $137.5k | $21.96 |
| − Vacancy | −$22.0k | −$3.51 |
| EGI | $115.5k | $18.45 |
| − OpEx | −$28.9k | −$4.61 |
| NOI | $86.6k | $13.83 |
6,260 SF · lease $21.96/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.44M
NOI $86,606 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,828 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Small commercial office building with a portion leased to a national lab company and an available owner-occupied area.
Where is this office building located?
The property is located at 1600 N High Point Rd Middleton, WI.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 6,260 SF small commercial building with an additional lower level; 2,790 SF leased to a national lab company; Owner‑occupied portion available for new buyer use at closing or can be leased for investment
