Building Details

Building Size 5,400 SF

Units 1

Construction steel frame

Listing Agency: Freedom Choice Realty LLC Show Phone

Listed By: Jamie Kleutsch · License #58107-90 Show Phone

Source: Freedom-choice

Added: Sep 16 Changed: Oct 23 Last Checked: Oct 23 at 4:21PM

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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 Freedom Choice Realty LLC

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Investment Insights

Based on property information with market context.

This 5,400-square-foot flex building combines a finished office area with open interior space that can be adapted to operational needs. Steel framing forms the structure, and the layout supports a range of business functions, including warehousing, distribution, light manufacturing, and contracting services.

Located at 1730 E State Highway 153 in Kronenwetter, the property fronts Highway 153 and offers access to I-39. Central Wisconsin Airport is also minutes away.

Key Highlights

• 5,400‑square‑foot flex building
• Steel‑frame construction
• Office buildout paired with open interior space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,934

Suggested Prices Based on Cap Rates

Cap Rate 5%

$718,680 $718.7K

Cap Rate 7%

$513,343 $513.3K

Cap Rate 9%

$399,267 $399.3K

What to ask about pricing

Market Conditions

NOI Build-Up for 5,400 SF

Gross rent

$55.1K $10.20/SF

− Vacancy

−$3.7K −$0.69/SF

EGI

$51.3K $9.51/SF

− OpEx

−$15.4K −$2.85/SF

NOI

$35.9K $6.65/SF

Area

Marathon County, WI

Vacancy

6.80%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$718,680

Cap Rate 7%

$513,343

Cap Rate 9%

$399,267

Alternative Uses

Best Use

Flex RnD

$673.0K

$588.8K – $785.1K (±1% cap)

NOI $47,107 @ 7.0% cap · market cap 523,411.11%

Second Best

Warehouse

$623.3K

$545.4K – $727.2K (±1% cap)

NOI $43,634 @ 7.0% cap · market cap 484,822.22%

Theoretical Best

Specialty Retail

$997.7K

$873.0K – $1.16M (±1% cap)

NOI $69,838 @ 7.0% cap · market cap 775,977.78%

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

Property Analytics

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Open Analytics

Current Use

Flex space

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 54455, WI

18,897

Population

8,058

Households

2.3

Avg Household Size

42

Median Age

31%

College-Educated

95%

High-School Grad

235.6 sq mi

ZIP Area

80

Density / Sq Mi

$94,609

Median Household Income

$50,076

Median Earnings

$1,041

Median Rent

$226,500

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

Frequently Asked Questions

What type of property is this?

Flex space - An office component and open work area provide a flexible layout for business operations.

Where is this flex space located?

The property is located at 1730 E State Highway 153 Kronenwetter, WI.

What are key features of this property?

This property features: 5,400‑square‑foot flex building; Steel‑frame construction; Office buildout paired with open interior space