Middleton Industrial Park Multi-Tenant
For Sale
Contact for pricing
Pending
2211 Eagle, Middleton, WI 53562
22,500 SF multi-tenant industrial building in Middleton Industrial Park.
Property Size22,500 SF
Days on Market156
Property Features for 2211 Eagle
General Information
Standard status
Pending
Size
22,500 SF
Class
B
Total Parking Spaces
40
Property subtype
Office, Industrial
Occupancy
55%
Lease Type
NN
Building Details
Year Built
1995
Units
2
Tenancy
Multi
Listing Agency:
Collective Real Estate Group
(608) 662-7777
Listed By:
Lindsay Koth · License #60623-90
Source:
Crexi
Added: Mar 17
Changed: Aug 14
Last Checked: Aug 14 at 7:24AM
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 Collective Real Estate Group
Investment Insights
Based on property information with market context.
Located in the Middleton Industrial Park, this multi-tenant industrial building offers 22,500 square feet of space. Unit 1, comprising 12,500 square feet, is currently leased through 2030 and includes a drive-in door and loading dock. Unit 2, which is available, provides 10,000 square feet, consisting of 7,500 square feet of warehouse space and 2,500 square feet of office space. Unit 2 also features two loading docks and a 2-year-old HVAC system. The property is equipped with 3-phase power and offers a flexible office/warehouse layout, along with ample on-site parking. This property presents an opportunity for an owner-user or investor seeking income with available space in an industrial corridor near Madison.
Key Highlights
- Prime Middleton Industrial Park location near Madison.
- Stable income from Unit 1 (12,500 SF) leased through 2030.
- Unit 2 (10,000 SF) available for owner‑user or lease.**
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
$191,857
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
8.92%
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%
$3,837,140
$3.8M
Cap Rate 7%
$2,740,814
$2.7M
Cap Rate 9%
$2,131,744
$2.1M
Market Conditions
NOI Build-Up for 22,500 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
$324.0K $14.40/SF
− Vacancy
−$28.8K −$1.28/SF
EGI
$295.2K $13.12/SF
− OpEx
−$103.3K −$4.59/SF
NOI
$191.9K $8.53/SF
Area
Dane County, WI
Vacancy
8.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$3,837,140
Cap Rate 7%
$2,740,814
Cap Rate 9%
$2,131,744
Alternative Uses
Best Use
Industrial
$3.16M
$2.76M – $3.68M
NOI $220,903 @ 7.0% cap · market cap 10.27%
Second Best
Flex RnD
$2.74M
$2.40M – $3.20M
NOI $191,857 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$5.23M
$4.57M – $6.10M
NOI $365,997 @ 7.0% cap · market cap 17.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
687
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53562, WI
29,092
Population
13,617
Households
2.1
Avg Household Size
40
Median Age
65%
College-Educated
96%
High-School Grad
31.1 sq mi
ZIP Area
935
Density / Sq Mi
$97,241
Median Household Income
$60,688
Median Earnings
$1,394
Median Rent
$495,600
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.
Similar Off Market Nearby
- Middleton BBQ — 2303 pinehurst dr, middleton, wi 53562
- Middleton BBQ Company — 2303 Pinehurst Dr, Middleton, WI 53562
Frequently Asked Questions
What type of property is this?
Flex space - 22,500 SF multi-tenant industrial building in Middleton Industrial Park.
Where is this flex space located?
The property is located at 2211 Eagle Middleton, WI.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Prime Middleton Industrial Park location near Madison.; Stable income from Unit 1 (12,500 SF) leased through 2030.; Unit 2 (10,000 SF) available for owner‑user or lease.**
