Flex Condo with 18-Foot Clear
2-811 S Division St, Waunakee, WI 53597
For Sale
$260,000
New construction units offer private bathrooms, overhead doors, service doors, and 100-amp electrical service.
Property Size1,163 SF
Price / SF$223.56
Days on Market31
Property Features for 2-811 S Division St
General Information
Standard status
Size
Zoning
Site & Location
Highway Access
Utilities to Site
Warehouse & Industrial
Clear Height
Drive-In Doors
Power
Additional Details
Asking Price
Property Use
Amenities
snow removal
lawn care
trash removal
water/sewer
parking
Building Details
Tenancy
Listing Agency:
RE/MAX Preferred
(608) 276-8110
Listed By:
Justin Witkins · License #58265-90
(608) 843-5663
Source:
Exprealty
Added: Oct 8
Changed: Nov 4
Last Checked: Nov 6 at 10:40AM
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 RE/MAX Preferred
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Investment Insights
Based on property information with market context.
Planned as a 16-unit commercial condominium project, this flex development offers individual 1,163-square-foot units measuring 25 by 46.5 feet. Each space is designed with an 18-foot clear height, a Modine heater, private bathroom, overhead garage door, service door, and 100-amp service. Units are non-residential and zoned I-1. Multiple units may be combined, with optional mezzanine, air conditioning, and upgraded power configurations.
The project is located in Waunakee near downtown, with access to HWY 113 and HWY 19. Groundbreaking is projected for Spring 2027. Condo fees cover snow removal, lawn care, trash, water and sewer, and parking.
The project is located in Waunakee near downtown, with access to HWY 113 and HWY 19. Groundbreaking is projected for Spring 2027. Condo fees cover snow removal, lawn care, trash, water and sewer, and parking.
Key Highlights
- 16‑unit commercial condominium development projected to break ground in Spring 2027
- Individual units measure 1,163 square feet, with dimensions of 25' x 46.5'
- 18‑foot clear height; Modine heater, private bathroom, overhead garage door, and service door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,865
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,300
$277.3K
Cap Rate 7%
$198,071
$198.1K
Cap Rate 9%
$154,056
$154.1K
Market Conditions
NOI Build-Up for 1,163 SF
Gross rent
$16.7K $14.40/SF
− Vacancy
−$435 −$0.37/SF
EGI
$16.3K $14.03/SF
− OpEx
−$2.4K −$2.10/SF
NOI
$13.9K $11.92/SF
Area
Dane County, WI
Vacancy
2.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,300
Cap Rate 7%
$198,071
Cap Rate 9%
$154,056
Alternative Uses
Best Use
Warehouse
$198.1K
$173.3K – $231.1K
NOI $13,865 @ 7.0% cap · market cap 5.33%
Second Best
Industrial
$163.1K
$142.7K – $190.3K
NOI $11,418 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$270.3K
$236.5K – $315.3K
NOI $18,918 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53597, WI
20,729
Population
8,323
Households
2.5
Avg Household Size
41
Median Age
58%
College-Educated
98%
High-School Grad
52.9 sq mi
ZIP Area
392
Density / Sq Mi
$114,542
Median Household Income
$63,700
Median Earnings
$1,336
Median Rent
$462,900
Median Home Value
Market
Average Price Trend$/SF for Flex space in Dane County, WI
Properties on Market for Flex space in Dane County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - New construction units offer private bathrooms, overhead doors, service doors, and 100-amp electrical service.
Where is this flex space located?
The property is located at 2-811 S Division St Waunakee, WI.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 16‑unit commercial condominium development projected to break ground in Spring 2027; Individual units measure 1,163 square feet, with dimensions of 25' x 46.5'; 18‑foot clear height; Modine heater, private bathroom, overhead garage door, and service door
