Single-Tenant Warehouse
For Sale
$849,000
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 Market123
Property Features for 4030 Commercial Dr
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Industrial - Warehouse/Distribution
Occupancy
100%
Additional Details
Cap Rate
8%
Building Details
Building Size
9,000 SF
Year Built
2003
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial McGuire Mears & Associates
Listed By:
William Mears
(608) 314-8251
Source:
Commercialcafe
Added: Jun 22
Changed: Oct 21
Last Checked: Oct 20 at 5:14PM
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
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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 / Yr
$28,403
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
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
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 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.
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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
