Freestanding Flex and Industrial
For Sale
$811,543
220 River Birch, Deerfield, WI 53531
A freestanding leased facility with heated bays and finished residential-style space, offering a functional mixed-use layout.
Property Size3,660 SF
Price / SF$221.73
Days on Market273
Property Features for 220 River Birch
General Information
Standard status
Active
Size
3,660 SF
Property subtype
Commercial
Additional Details
Service Bays
2
Building Details
Year Built
2008
Tenancy
Single
Listing Agency:
ALTUS Commercial Real Estate, Inc.
Listed By:
Jeff Jansen · License #9047025
(608) 444-4111
Source:
Madisonareahomesforsale
Added: Jan 23
Changed: Oct 1
Last Checked: Oct 20 at 9:40PM
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 ALTUS Commercial Real Estate, Inc.
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Investment Insights
Based on property information with market context.
The property is a freestanding building operated as flex/industrial space, currently leased to DocGo Inc DBA Ryan Brothers Ambulance on a term of 3+ more years. The facility includes two heated/cooled garage bays and additional land, with finished space featuring four bedrooms, one-and-a-half baths, a kitchen, and a lounge area. Operational amenities include a washer and dryer, water spigots in the garage, floor drains, and ozone sterilization in each HVAC system. The building also has interior and exterior cameras with remote smart capabilities.
The site is located at 220 River Birch in Deerfield, WI (53531). The offering is presented as one of multiple similar facilities in three counties.
For tenants or buyers, this layout supports organizations that need both controlled garage space and dedicated finished rooms for administrative or operational use, with on-site utility and building systems designed for ongoing functionality. Existing lease structure and renewal options should be reviewed in detail as part of any purchase or underwriting process.
The site is located at 220 River Birch in Deerfield, WI (53531). The offering is presented as one of multiple similar facilities in three counties.
For tenants or buyers, this layout supports organizations that need both controlled garage space and dedicated finished rooms for administrative or operational use, with on-site utility and building systems designed for ongoing functionality. Existing lease structure and renewal options should be reviewed in detail as part of any purchase or underwriting process.
Key Highlights
- Freestanding building leased to NASDAQ‑listed DocGo Inc DBA Ryan Brothers Ambulance with 3+ years remaining
- Lease includes 3.5% annual increases and two 1‑year tenant options
- Heated/cooled facility with 2 garage bays plus finished space with 4 beds and 1.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,934
Cap Rate
4.43%
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
Market Conditions
NOI Build-Up for 3,660 SF
Gross rent
$52.7K $14.40/SF
− Vacancy
−$1.4K −$0.37/SF
EGI
$51.3K $14.03/SF
− OpEx
−$15.4K −$4.21/SF
NOI
$35.9K $9.82/SF
Area
Dane County, WI
Vacancy
2.60%
Lease Rate
$14.40 /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
Industrial
$513.3K
$449.2K – $598.9K
NOI $35,934 @ 7.0% cap · market cap 4.43%
Second Best
Flex RnD
$445.8K
$390.1K – $520.2K
NOI $31,209 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$850.5K
$744.2K – $992.3K
NOI $59,535 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Service bays
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53531, WI
4,558
Population
1,612
Households
2.8
Avg Household Size
41
Median Age
39%
College-Educated
96%
High-School Grad
41.1 sq mi
ZIP Area
111
Density / Sq Mi
$105,156
Median Household Income
$54,693
Median Earnings
$1,094
Median Rent
$334,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A freestanding leased facility with heated bays and finished residential-style space, offering a functional mixed-use layout.
Where is this flex space located?
The property is located at 220 River Birch Deerfield, WI.
What is the asking price?
The asking price for this property is $811,543.
What are key features of this property?
This property features: Freestanding building leased to NASDAQ‑listed DocGo Inc DBA Ryan Brothers Ambulance with 3+ years remaining; Lease includes 3.5% annual increases and two 1‑year tenant options; Heated/cooled facility with 2 garage bays plus finished space with 4 beds and 1.5 baths
