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 Show Phone

Source: Crexi

Added: Jul 18 Changed: Oct 8 Last Checked: Oct 19 at 5:39AM

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 Founders 3 Real Estate Services Office & Industrial Brokerage Division

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 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.

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 / Yr

$82,726

Cap Rate

4.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,654,520 $1.7M

Cap Rate 7%

$1,181,800 $1.2M

Cap Rate 9%

$919,178 $919.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 29,739 SF

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 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 (±1% cap)

NOI $358,974 @ 7.0% cap · market cap 20.00%

Second Best

Flex RnD

$5.01M

$4.38M – $5.85M (±1% cap)

NOI $350,730 @ 7.0% cap · market cap 19.54%

Theoretical Best

Office A

$7.15M

$6.25M – $8.34M (±1% cap)

NOI $500,258 @ 7.0% cap · market cap 27.87%

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

Wahl's Appliance & Mattress Home Appliance Store

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Spa & Massage Center Big Box & Wholesale Store Electrical 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

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

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

Flex Space with Open Layout

1125 E Cranston, Beloit, WI 53511

$1,200,000

7,880 SF

View details

Flex Space with Warehouse Area

628 Cross Street, Beloit, WI 53511

$359,000

14,070 SF

View details

Multi-Building Industrial Flex Property

2540 S Dewey Ave, Beloit, WI 53511

$1,250,000

3.28 Acres

View details

Equestrian Facility with Indoor Arena

1114 E Colley Road, Beloit, WI 53511

$975,000

16.70 Acres

View details

Freestanding Industrial Facility

1705 Cranston Rd, Beloit, WI 53511

Contact for pricing

23,332 SF

View details

Brick School Building with Gym

2442 W County Road Q, Beloit, WI 53511

$525,000

50,000 SF

View details

Gym Building Near Field Park

246 W Grand Ave, Beloit, WI 53511

$450,000

11,714 SF

View details

Church with Elevator Access

Beloit, WI 53511

$590,000

5,200 SF

View details

Express Tunnel Car Wash

1405 Cranston Rd, Beloit, WI 53511

$635,000

4,420 SF

View details

Walgreens NNN Lease For Sale

1531 S Madison Rd, Beloit, WI 53511

Contact for pricing

14,405 SF

View details

School Building with Offices

417 Harrison Avenue, Beloit, WI 53511

$239,900

3,772 SF

View details

Mixed-Use Building with Apartments

550 E Grand, Beloit, WI 53511

$249,000

2,143 SF

View details

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