Single-Level Flex
For Sale
Contact for pricing
2110 S Stoughton Rd, Madison, WI 53716
Versatile commercial layout combines open floor area, warehouse space, offices, restrooms, and shipping access.
Property Size13,975 SF
Price / SF$157.07
Days on Market519
Property Features for 2110 S Stoughton Rd
General Information
Standard status
Active
Size
13,975 SF
Property subtype
RETAIL
Listing Agency:
Ruedebusch Commercial Investments
(608) 243-9070
Listed By:
Thomas Phillips
(608) 243-9070
Source:
Moodyscre
Added: Mar 31, 2025
Changed: Aug 31
Last Checked: Aug 31 at 8:00AM
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 Ruedebusch Commercial Investments
Investment Insights
Based on property information with market context.
This 13,975-square-foot flex property in Madison is arranged on one level with a broad open area, dedicated warehouse and storage space, offices, and restrooms. Material handling is supported by both a drive-in door and a loading dock, creating practical separation between customer-facing and service functions.
The building fronts South Stoughton Road, also identified as Highway 51, with reported traffic of 43,100 vehicles per day. Mounds Pet Food Warehouse currently occupies the property, which is scheduled to become available for occupancy September 1, 2025. The property is also offered for lease.
The building fronts South Stoughton Road, also identified as Highway 51, with reported traffic of 43,100 vehicles per day. Mounds Pet Food Warehouse currently occupies the property, which is scheduled to become available for occupancy September 1, 2025. The property is also offered for lease.
Key Highlights
- 13,975‑square‑foot single‑level flex building
- Frontage on South Stoughton Road, also known as Highway 51
- 43,100 vehicles per day reported on Stoughton Road
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
$199,892
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
9.11%
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%
$3,997,840
$4.0M
Cap Rate 7%
$2,855,600
$2.9M
Cap Rate 9%
$2,221,022
$2.2M
Market Conditions
NOI Build-Up for 13,975 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
$301.9K $21.60/SF
− Vacancy
−$16.3K −$1.17/SF
EGI
$285.6K $20.43/SF
− OpEx
−$85.7K −$6.13/SF
NOI
$199.9K $14.30/SF
Area
Madison, WI
Vacancy
5.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$3,997,840
Cap Rate 7%
$2,855,600
Cap Rate 9%
$2,221,022
Alternative Uses
Best Use
Retail
$2.86M
$2.50M – $3.33M
NOI $199,892 @ 7.0% cap · market cap 9.11%
Second Best
Flex RnD
$1.66M
$1.45M – $1.94M
NOI $116,308 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,761 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53716, WI
19,105
Population
8,668
Households
2.2
Avg Household Size
43
Median Age
51%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
3,033
Density / Sq Mi
$89,225
Median Household Income
$52,338
Median Earnings
$1,264
Median Rent
$325,400
Median Home Value
Market
Vacancy Rate% for Industrial in Madison, WI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial layout combines open floor area, warehouse space, offices, restrooms, and shipping access.
Where is this flex space located?
The property is located at 2110 S Stoughton Rd Madison, WI.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 13,975‑square‑foot single‑level flex building; Frontage on South Stoughton Road, also known as Highway 51; 43,100 vehicles per day reported on Stoughton Road
