Multi-Tenant Office
For Sale
$999,000
2 Insight Dr, Platteville, WI 53818
Multi-tenant office building with nine suites and a stabilized rental history.
Property Size6,556 SF
Price / SF$152.38
Days on Market181
Property Features for 2 Insight Dr
General Information
Standard status
Active
Size
6,556 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.7%
Office Units
9
Building Details
Year Built
1989
Tenancy
Multi
Listing Agency:
Equity Real Estate Group LLC
Listed By:
Troy Timmerman · License #8537094
(608) 778-8224
Source:
Kwlegacyrealty
Added: Apr 24
Changed: Oct 5
Last Checked: Oct 21 at 2:02AM
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 Equity Real Estate Group LLC
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Investment Insights
Based on property information with market context.
This multi-tenant office facility is configured with nine individual office suites. The building is described as well maintained and currently supports multiple professional tenants, including Edward Jones Investments and AFLAC, along with tax services, staffing services, and other professional users. The property is presented as a stabilized investment with reported gross annual revenue of approximately $98,100.
The asset is positioned at a prominent intersection along a business highway, providing high visibility and easy access. The surrounding area is described as including retail, professional services, and dining, with frequent vehicular traffic.
As an investment-oriented office property, it offers a suite-based setup designed to support continued leasing across multiple tenants.
The asset is positioned at a prominent intersection along a business highway, providing high visibility and easy access. The surrounding area is described as including retail, professional services, and dining, with frequent vehicular traffic.
As an investment-oriented office property, it offers a suite-based setup designed to support continued leasing across multiple tenants.
Key Highlights
- Multi‑tenant office building with 9 individual office suites
- Current gross annual revenue around $98,100 and stabilized rental history
- Stated 6.7% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,961
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,819,220
$1.8M
Cap Rate 7%
$1,299,443
$1.3M
Cap Rate 9%
$1,010,678
$1.0M
Market Conditions
NOI Build-Up for 6,556 SF
Gross rent
$147.9K $22.56/SF
− Vacancy
−$26.6K −$4.06/SF
EGI
$121.3K $18.50/SF
− OpEx
−$30.3K −$4.62/SF
NOI
$91.0K $13.87/SF
Area
Grant County, WI
Vacancy
18.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,819,220
Cap Rate 7%
$1,299,443
Cap Rate 9%
$1,010,678
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $90,961 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $127,049 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
9
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
Explore this area
Business Placement
Demographics for 53818, WI
15,786
Population
6,146
Households
2.6
Avg Household Size
28
Median Age
39%
College-Educated
93%
High-School Grad
154.4 sq mi
ZIP Area
102
Density / Sq Mi
$55,615
Median Household Income
$20,296
Median Earnings
$887
Median Rent
$214,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Multi-tenant office building with nine suites and a stabilized rental history.
Where is this office unit located?
The property is located at 2 Insight Dr Platteville, WI.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Multi‑tenant office building with 9 individual office suites; Current gross annual revenue around $98,100 and stabilized rental history; Stated 6.7% cap rate
