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    Wellness Center with Flexible Open Space Title is generated by Realmo AI

    2300 Hwy 51 and 138, Stoughton, WI 53589

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    For Lease
    $88,285 SF/Yr $40,463,958/Mo (calc)

    Beauty/barber,CBRF,Day care,Office,Other,Recreation,Retail,School,Service

    Property size:
    5,500 SF
    Added:
    Mar 23, 2026
    Days on Market:
    74
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 2300 Hwy 51 and 138

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    PB
    Parking features
    Paved or Surfaced
    Security features
    Security System
    Interior features
    Private Restrooms, 440+ volt, 3 phase electric, Reception area, Security system, Internal sprinkler, Inside storage
    Exterior features
    Signage available
    Standard status
    Active
    APN
    0511-063-4260-2

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    67798

    Utilities

    Utilities
    Electricity Available
    Heating system
    Forced Air, Zoned (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2007
    Floors in Building
    1
    Number of units
    7
    Building materials
    Brick, Frame, Other, Stucco
    Roof type
    Membrane, Metal, Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    David Baehr
    David Baehr

    Listing agent David Baehr

    Listing office American, REALTORS 202 W Main St, Sun Prairie, WI

    Listing date Mar 23, 2026

    MLS# 2006664 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Located in the Stoughton Wellness and Athletic Center (SWAC), a premier Midwest athletic hub.
    • High visibility and steady daily traffic due to co‑tenancy with Anytime Fitness and other popular businesses.
    • 5,500 SF adaptable space suitable for various uses.
    • Features multiple offices, a welcoming reception area, and a kitchen.
    • Built in 2007 with modern amenities including central air, security system, and internal sprinkler system.
    • Includes 440+ volt, 3‑phase electric power.

    Overview

    This built-in-2007 space totals 5,500 SF and was previously occupied by the Stoughton Health and Rehabilitation Center. The layout includes multiple offices, a welcoming reception area, a kitchen, and an expansive, adaptable open space that can support treatment areas, group classes, or collaborative work. Whether you’re building out clinical programming or a community-focused use, the interior configuration is designed to accommodate both private work and larger gatherings.

    The property is part of the Stoughton Wellness and Athletic Center (SWAC) on Hwy 51 and 138 in Stoughton, WI. SWAC serves as a multi-tenant athletic and wellness destination, drawing 120,000+ annual participants through Sports Enhancement Academy volleyball and basketball leagues and over 40 tournaments each year. The center is anchored by Anytime Fitness, and it also includes a mix of established operators such as Famous Yeti’s Pizza, Basecamp Arcade, Heron Banquet Hall, and Stoughton Eye Care.

    With zoning listed as PB and a floor plan that supports both front-of-house reception and flexible back-of-house programming, this location can fit a range of healthcare-adjacent and service uses, including offices, day care, fitness or recreation concepts, and group-oriented offerings. It’s available for lease or sale for qualified users seeking consistent activity within a well-established wellness hub.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rehabilitation centers

    Map

    City
    Stoughton
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.248691
    Latitude
    42.9194

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    FAQs

    What type of property is this?
    Rehabilitation center - Built in 2007 with reception, offices, and an adaptable open area for treatment, classes, or collaborative work.
    Where is this rehabilitation center located?
    The property is located at 2300 Hwy 51 and 138 Stoughton, WI.
    What is the lease rate?
    The lease rate is $88,285.
    What are key features of this property?
    This property features: Located in the Stoughton Wellness and Athletic Center (SWAC), a premier Midwest athletic hub.; High visibility and steady daily traffic due to co‑tenancy with Anytime Fitness and other popular businesses.; 5,500 SF adaptable space suitable for various uses.
    (608) 213-6686
    We can help!
    Listing Contact
    David Baehr
    David Baehr
    Real Estate License ID: 5260990
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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