Highway 151 Commercial
3345 Highway 151 Sun Prairie, WI 53590
For Sale
$599,900
Commercial land with Cleary building near interstate and high traffic.
Property Size3,888 SF
Lot Size0.97 Acres
Price / SF$154.30
Days on Market1123
Property Features for 3345 Highway 151
General Information
Standard status
Active
Size
3,888 SF
Lot size
0.97 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1990
Listing Agency:
Keller Williams Realty
(608) 215-4300
Listed By:
Jeffrey H Wood · License #47496-94
(608) 215-4300
Source:
Exitrealty
Added: Jul 1, 2023
Changed: Jul 6
Last Checked: Jul 27 at 5:26AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This commercial property offers convenient access to the interstate and high traffic areas on Highway 151, providing visibility and an opportunity to join other successful businesses in the corridor from Madison to Sun Prairie. The property, almost 1 acre in size, is currently located in the Town of Burke. It includes a 36x108 Cleary building with two levels suitable for storage. The main level features a cement slab with in-floor heat (not hooked up, needs boiler), and a furnace (not hooked up), along with a rough-in for a bathroom. There is potential for an office space with existing walls, drywalled sidewalls, and insulated ceiling. Stairs lead to a vaulted second level offering an additional 3800 sq ft of space. According to the seller, a new well was installed between 2002 and 2004.
Key Highlights
- High traffic location on Highway 151 offers excellent visibility and business potential.
- Large 36x108 Cleary building with two levels provides ample storage and workspace.
- Potential for additional 3800 sq ft of space on the vaulted 2nd level.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.0k | $14.40 |
| − Vacancy | −$1.5k | −$0.37 |
| EGI | $54.5k | $14.03 |
| − OpEx | −$8.2k | −$2.10 |
| NOI | $46.4k | $11.92 |
3,888 SF · lease $14.40/SF/yr · vacancy 2.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$662.2K
$579.4K – $772.5K
NOI $46,352 @ 7.0% cap · market cap 7.73%
Second Best
Industrial
$545.3K
$477.2K – $636.2K
NOI $38,172 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$903.5K
$790.6K – $1.05M
NOI $63,244 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Heritage Business Park — 2273 McCoy Rd, Sun Prairie, WI 53590
- Lakestone Storage Sun Prairie — 841 Suchomel Rd, Sun Prairie, WI 53590
- 2nd Garage Self Storage — 2273 McCoy Rd, Sun Prairie, WI 53590
- Kowing Corporation — 2273 McCoy Rd, Sun Prairie, WI 53590
- Discovery Storage — 2375 Autumn Blaze Way, Sun Prairie, WI 53590
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial land with Cleary building near interstate and high traffic.
Where is this warehouse located?
The property is located at 3345 Highway 151 Sun Prairie, WI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: High traffic location on Highway 151 offers excellent visibility and business potential.; Large 36x108 Cleary building with two levels provides ample storage and workspace.; Potential for additional 3800 sq ft of space on the vaulted 2nd level.
