Flex Space with Crane
For Sale
Contact for pricing
2601 Iverson Rd, Stoughton, WI 53589
Industrial property with multiple structures, a paved storage yard, fueling station, private entrance, and limited commercial zoning.
Property Size23,600 SF
Lot Size50.60 Acres
Price / SF$93.22
Days on Market264
Property Features for 2601 Iverson Rd
General Information
Standard status
Active
Size
23,600 SF
Class
B
Lot size
50.60 Acres
Property subtype
Office, Industrial
Zoning
AG Limited
Lease Type
NNN
Warehouse & Industrial
Warehouse Space
10,260 SF
Office Build-Out
1,800 SF
Power
600 amps
Voltage
480 V
Three-Phase Power
Yes
Additional Details
Asking Price
$2,200,000
Outdoor Storage
Yes
Building Details
Buildings
4
Tenancy
Single
Listing Agency:
Lee & Associates - Madison
Listed By:
Blake George · License #WI 49445-90
(608) 209-9990
Source:
Crexi
Added: Jan 23
Changed: Oct 8
Last Checked: Oct 12 at 7:39PM
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 Lee & Associates - Madison
Investment Insights
Based on property information with market context.
This flex property includes a 10,260-square-foot shop, a 7,200-square-foot Amish-built shed, a 2,700-square-foot single-family home, and a 3,520-square-foot tobacco shed. The shop contains 1,800 square feet of office area, a parts room, restroom facilities, a sink, and a large parts mezzanine. Three overhead doors measure 16 feet by 14 feet, while the building has a 23-foot eave height, radiant floor heat, and one 10-ton crane plus two 5-ton cranes. Electrical service is 3-phase, 480 volt, and 600 amp.
The property encompasses 50.6 acres at 2601 Iverson Rd in Stoughton, Wisconsin. Additional site features include a paved storage yard, fueling station, and private road entrance. Zoning is AG Limited.
The property encompasses 50.6 acres at 2601 Iverson Rd in Stoughton, Wisconsin. Additional site features include a paved storage yard, fueling station, and private road entrance. Zoning is AG Limited.
Key Highlights
- 10,260‑square‑foot shop with 1,800‑square‑foot office area
- Three 16'x14' overhead doors and 23' eave height
- One 10‑ton crane and two 5‑ton cranes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,236
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,024,720
$4.0M
Cap Rate 7%
$2,874,800
$2.9M
Cap Rate 9%
$2,235,956
$2.2M
Market Conditions
NOI Build-Up for 23,600 SF
Gross rent
$339.8K $14.40/SF
− Vacancy
−$30.2K −$1.28/SF
EGI
$309.6K $13.12/SF
− OpEx
−$108.4K −$4.59/SF
NOI
$201.2K $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 Rate 5%
$4,024,720
Cap Rate 7%
$2,874,800
Cap Rate 9%
$2,235,956
Alternative Uses
Best Use
Office B
$4.66M
$4.08M – $5.44M
NOI $326,501 @ 7.0% cap · market cap 14.84%
Second Best
Warehouse
$4.02M
$3.52M – $4.69M
NOI $281,354 @ 7.0% cap · market cap 12.79%
Theoretical Best
Office A
$5.48M
$4.80M – $6.40M
NOI $383,890 @ 7.0% cap · market cap 17.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53589, WI
19,888
Population
9,014
Households
2.2
Avg Household Size
45
Median Age
40%
College-Educated
96%
High-School Grad
85.0 sq mi
ZIP Area
234
Density / Sq Mi
$93,509
Median Household Income
$52,809
Median Earnings
$1,150
Median Rent
$318,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial property with multiple structures, a paved storage yard, fueling station, private entrance, and limited commercial zoning.
Where is this flex space located?
The property is located at 2601 Iverson Rd Stoughton, WI.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 10,260‑square‑foot shop with 1,800‑square‑foot office area; Three 16'x14' overhead doors and 23' eave height; One 10‑ton crane and two 5‑ton cranes
