Flex Building With
For Sale
$599,900
3345 Highway 151, Sun Prairie, WI 53590
Two-level commercial building with office-ready areas, insulated interiors, and a concrete main floor.
Property Size3,800 SF
Price / SF$154.30
Days on Market66
Property Features for 3345 Highway 151
General Information
Standard status
Active
Size
3,800 SF
Property Condition
Severity
Repairs Needed
Evidence
not hooked up needs boiler and copper
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1990
Buildings
1
Stories
2
Building Size
3,800 SF
Listing Agency:
Keller Williams Realty
Listed By:
Jeffrey Wood · License #4749694
(608) 215-4300
Source:
Holtrealestateteam
Added: Aug 10
Changed: Oct 5
Last Checked: Oct 7 at 5:25PM
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 flex property includes a 36-by-108-foot Cleary building constructed in 1990, arranged across two levels. The main floor has a concrete slab, insulated walls and ceiling, and interior walls in place for office space. A stairway leads to the vaulted upper level, providing additional storage capacity. In-floor heat is installed on the main level but requires a boiler and copper before operation.
The property encompasses almost 1 acre in the Town of Burke, with access to Highway 151 and nearby interstate routes. Its highway-oriented setting places the building within a commercial corridor extending between Madison and Sun Prairie.
The property encompasses almost 1 acre in the Town of Burke, with access to Highway 151 and nearby interstate routes. Its highway-oriented setting places the building within a commercial corridor extending between Madison and Sun Prairie.
Key Highlights
- Almost 1 acre in the Town of Burke
- 36x108 Cleary building with 2 levels
- Constructed in 1990
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,352
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,040
$927.0K
Cap Rate 7%
$662,171
$662.2K
Cap Rate 9%
$515,022
$515.0K
Market Conditions
NOI Build-Up for 3,888 SF
Gross rent
$56.0K $14.40/SF
− Vacancy
−$1.5K −$0.37/SF
EGI
$54.5K $14.03/SF
− OpEx
−$8.2K −$2.10/SF
NOI
$46.4K $11.92/SF
Area
Dane County, WI
Vacancy
2.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,040
Cap Rate 7%
$662,171
Cap Rate 9%
$515,022
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.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53590, WI
43,684
Population
18,292
Households
2.4
Avg Household Size
37
Median Age
52%
College-Educated
97%
High-School Grad
65.9 sq mi
ZIP Area
663
Density / Sq Mi
$96,497
Median Household Income
$57,711
Median Earnings
$1,375
Median Rent
$354,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Firehouse Subs Sun Prairie on Grand — 390 S Grand Ave #102, Sun Prairie, WI 53590
Frequently Asked Questions
What type of property is this?
Flex space - Two-level commercial building with office-ready areas, insulated interiors, and a concrete main floor.
Where is this flex space 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: Almost 1 acre in the Town of Burke; 36x108 Cleary building with 2 levels; Constructed in 1990
