Flex and Showroom
For Sale
Contact for pricing
1805 Prairie Avenue, Beloit, WI 53511
Versatile flex/showroom building with heavy three-phase power, partial basement storage, and former cooler/freezer areas.
Property Size29,739 SF
Lot Size4.60 Acres
Price / SF$60.36
Days on Market49
Property Features for 1805 Prairie Avenue
General Information
Standard status
Active
Size
29,739 SF
Lot size
4.60 Acres
Property subtype
Retail, Office
Zoning
C-3 Community Commercial District
Lease Type
NNN
Additional Details
Heavy Power
Yes
Building Details
Year Built
1973
Buildings
1
Tenancy
Single
Listing Agency:
Founders 3 Real Estate Services Office & Industrial Brokerage Division
Listed By:
Brian Flood · License #WI 90030-94
(414) 218-8343
Source:
Crexi
Added: Jul 18
Changed: Aug 21
Last Checked: Sep 3 at 3:12AM
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 Founders 3 Real Estate Services Office & Industrial Brokerage Division
Investment Insights
Based on property information with market context.
This versatile flex/showroom commercial building offers approximately 29,739 SF within a larger 4.6-acre parcel. The property includes heavy three-phase power and includes former cooler and freezer areas, supported by a partial basement for additional storage.
Located at 1805 Prairie Avenue in Beloit, WI, the site is described as having high visibility along Prairie Avenue. The building is available for sale or lease.
Separately, an established business is also available for purchase.
Located at 1805 Prairie Avenue in Beloit, WI, the site is described as having high visibility along Prairie Avenue. The building is available for sale or lease.
Separately, an established business is also available for purchase.
Key Highlights
- 29,739 SF commercial flex/showroom building built in 1973
- 4.6‑acre parcel with high visibility along Prairie Avenue (1805 Prairie Avenue, Beloit, WI 53511)
- Heavy three‑phase power available
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
$82,726
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
4.61%
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%
$1,654,520
$1.7M
Cap Rate 7%
$1,181,800
$1.2M
Cap Rate 9%
$919,178
$919.2K
Market Conditions
NOI Build-Up for 29,739 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
$121.3K $4.08/SF
− Vacancy
−$3.2K −$0.11/SF
EGI
$118.2K $3.97/SF
− OpEx
−$35.5K −$1.19/SF
NOI
$82.7K $2.78/SF
Area
Rock County, WI
Vacancy
2.60%
Lease Rate
$4.08 /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%
$1,654,520
Cap Rate 7%
$1,181,800
Cap Rate 9%
$919,178
Alternative Uses
Best Use
Retail
$5.13M
$4.49M – $5.98M
NOI $358,974 @ 7.0% cap · market cap 20.00%
Second Best
Flex RnD
$5.01M
$4.38M – $5.85M
NOI $350,730 @ 7.0% cap · market cap 19.54%
Theoretical Best
Office A
$7.15M
$6.25M – $8.34M
NOI $500,258 @ 7.0% cap · market cap 27.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53511, WI
48,659
Population
19,372
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
114.9 sq mi
ZIP Area
423
Density / Sq Mi
$65,305
Median Household Income
$39,344
Median Earnings
$995
Median Rent
$160,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile flex/showroom building with heavy three-phase power, partial basement storage, and former cooler/freezer areas.
Where is this flex space located?
The property is located at 1805 Prairie Avenue Beloit, WI.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 29,739 SF commercial flex/showroom building built in 1973; 4.6‑acre parcel with high visibility along Prairie Avenue (1805 Prairie Avenue, Beloit, WI 53511); Heavy three‑phase power available
