Single-Tenant Warehouse
For Sale
Contact for pricing
4030 Commercial Dr, Janesville, WI 53545
Fully occupied warehouse is leased through August 2029 with 2% annual rent escalations in place.
Property Size9,000 SF
Price / SF$94.33
Days on Market78
Property Features for 4030 Commercial Dr
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Industrial
Occupancy
100%
Lease Type
Modified Gross
Additional Details
Cap Rate
8%
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial McGuire Mears & Associates
Listed By:
Adam Shultz · License #59385 - 90
(608) 314-8257
Source:
Crexi
Added: Jun 20
Changed: Aug 27
Last Checked: Sep 2 at 5:09PM
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 Coldwell Banker Commercial McGuire Mears & Associates
Investment Insights
Based on property information with market context.
This fully occupied, single-tenant commercial/industrial warehouse totals 9,000 SF and is leased to Dawg Zone through August 2029. The lease is on a modified gross structure with 2% annual escalations, producing $70,077 in current gross annual rent and $60,077 NOI. With approximately 3.3 years of lease term remaining, the property is set up for low-management ownership with income in place and contractually supported rent growth.
Located at 4030 Commercial Drive in Janesville’s established Commercial Drive corridor, the asset benefits from its position within a mature commercial frontage area. The current lease provides a straightforward occupancy profile, and the offering is presented with an 8% cap on current NOI, supported by recent same-street sales referenced in the remarks.
Located at 4030 Commercial Drive in Janesville’s established Commercial Drive corridor, the asset benefits from its position within a mature commercial frontage area. The current lease provides a straightforward occupancy profile, and the offering is presented with an 8% cap on current NOI, supported by recent same-street sales referenced in the remarks.
Key Highlights
- Fully occupied 9,000 SF single‑tenant commercial/industrial building on Commercial Drive in Janesville
- Leased to Dawg Zone through August 2029 with 2% annual rent escalations
- Current gross annual rent of $70,077 and NOI of $60,077
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
$28,403
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
3.35%
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%
$568,060
$568.1K
Cap Rate 7%
$405,757
$405.8K
Cap Rate 9%
$315,589
$315.6K
Market Conditions
NOI Build-Up for 9,000 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
$36.7K $4.08/SF
− Vacancy
−$3.3K −$0.37/SF
EGI
$33.4K $3.71/SF
− OpEx
−$5.0K −$0.56/SF
NOI
$28.4K $3.16/SF
Area
Rock County, WI
Vacancy
9.00%
Lease Rate
$4.08 /SF/Yr
Expense Ratio
15.00%
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%
$568,060
Cap Rate 7%
$405,757
Cap Rate 9%
$315,589
Alternative Uses
Best Use
Warehouse
$405.8K
$355.0K – $473.4K
NOI $28,403 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,394 @ 7.0% cap · market cap 17.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53545, WI
23,318
Population
11,170
Households
2.1
Avg Household Size
41
Median Age
29%
College-Educated
94%
High-School Grad
22.5 sq mi
ZIP Area
1,036
Density / Sq Mi
$70,730
Median Household Income
$42,567
Median Earnings
$1,006
Median Rent
$204,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- JAA Storage — 1310 Plainfield Ave Suite 120, Janesville, WI 53545
- H&H Climate Controlled Storage — 4021 commercial dr, janesville, wi 53546
- Summit Self Storage, LLC — 4126 N Newville Rd, Janesville, WI 53545
Frequently Asked Questions
What type of property is this?
Warehouse - Fully occupied warehouse is leased through August 2029 with 2% annual rent escalations in place.
Where is this warehouse located?
The property is located at 4030 Commercial Dr Janesville, WI.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Fully occupied 9,000 SF single‑tenant commercial/industrial building on Commercial Drive in Janesville; Leased to Dawg Zone through August 2029 with 2% annual rent escalations; Current gross annual rent of $70,077 and NOI of $60,077
