Zero-Entry Garage/Shop
For Sale
Contact for pricing
308 N Montgomery, Dodgeville, WI 53533
Clean zero-entry commercial building with two roll-up garage doors, 240V service, and a restroom with utility sink.
Property Size1,728 SF
Price / SF$150.46
Days on Market128
Property Features for 308 N Montgomery
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Office, Industrial
Building Details
Year Built
2000
Units
1
Listing Agency:
Potterton Rule Real Estate LLC
Listed By:
Andrea Potterton · License #54670-90
(608) 341-8045
Source:
Crexi
Added: May 4
Changed: Sep 8
Last Checked: Sep 7 at 10:28AM
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 Potterton Rule Real Estate LLC
Investment Insights
Based on property information with market context.
This zero-entry commercial building has been used as a clean garage/shop and is currently set up with a one-stall toilet and a utility sink. The space also has two garage doors measuring 8’ x 10’ with openers, and the building is extremely well insulated. It includes 240V service and is described as efficient for heating and cooling costs. The layout can be modified to add an office, or built out/modified to suit a business’s needs, and there is also room for an addition.
Located at 308 N Montgomery St in Dodgeville, Wisconsin, the property offers straightforward access for vehicle and service operations through the two overhead doors.
For buyers seeking a flexible, service-oriented structure, the combination of insulated construction, 240V power, and an existing restroom setup provides a practical base for a range of small shop and light commercial uses.
Located at 308 N Montgomery St in Dodgeville, Wisconsin, the property offers straightforward access for vehicle and service operations through the two overhead doors.
For buyers seeking a flexible, service-oriented structure, the combination of insulated construction, 240V power, and an existing restroom setup provides a practical base for a range of small shop and light commercial uses.
Key Highlights
- 36? x 48? zero‑entry commercial building used as a clean garage/shop
- Two 8? x 10? roll‑up garage doors with openers
- 240V service and very well insulated for low monthly heating and cooling costs
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
$14,381
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
5.53%
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%
$287,620
$287.6K
Cap Rate 7%
$205,443
$205.4K
Cap Rate 9%
$159,789
$159.8K
Market Conditions
NOI Build-Up for 1,728 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
$22.8K $13.20/SF
− Vacancy
−$684 −$0.40/SF
EGI
$22.1K $12.80/SF
− OpEx
−$7.7K −$4.48/SF
NOI
$14.4K $8.32/SF
Area
Iowa County, WI
Vacancy
3.00%
Lease Rate
$13.20 /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%
$287,620
Cap Rate 7%
$205,443
Cap Rate 9%
$159,789
Alternative Uses
Best Use
Retail
$353.1K
$309.0K – $411.9K
NOI $24,716 @ 7.0% cap · market cap 9.51%
Second Best
Flex RnD
$205.4K
$179.8K – $239.7K
NOI $14,381 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$504.8K
$441.7K – $588.9K
NOI $35,334 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53533, WI
7,306
Population
3,557
Households
2.1
Avg Household Size
44
Median Age
31%
College-Educated
95%
High-School Grad
142.1 sq mi
ZIP Area
51
Density / Sq Mi
$82,731
Median Household Income
$48,228
Median Earnings
$976
Median Rent
$255,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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- Randy L Hildreth — 418 N Iowa St, Dodgeville, WI 53533
Frequently Asked Questions
What type of property is this?
Auto shop - Clean zero-entry commercial building with two roll-up garage doors, 240V service, and a restroom with utility sink.
Where is this auto shop located?
The property is located at 308 N Montgomery Dodgeville, WI.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 36? x 48? zero‑entry commercial building used as a clean garage/shop; Two 8? x 10? roll‑up garage doors with openers; 240V service and very well insulated for low monthly heating and cooling costs
