Flex Space with Insulated
For Sale
$85,000
421 Chapel Street, Dodgeville, WI 53533
Three existing spaces offer a configurable interior for storage or workspace.
Property Size700 SF
Price / SF$121.43
Days on Market14
Property Features for 421 Chapel Street
General Information
Standard status
Active
Size
700 SF
Property subtype
Vacant Land / Lots
Additional Details
Power
220 amps
Building Details
Building Size
700 SF
Listing Agency:
First Weber Inc
Listed By:
Cheryl Mortvedt · License #39286
(608) 279-6363
Source:
Klodowskirealestate
Added: Sep 28
Changed: Sep 30
Last Checked: Oct 7 at 9:17AM
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 First Weber Inc
Investment Insights
Based on property information with market context.
This flex property measures roughly 35 by 20 feet and contains three larger spaces that can be rearranged. A 14-by-35-foot section is insulated, and the building has cement floors and 220 amp service. Electrical availability extends to part of the building, though it is currently turned off.
The property is in a residential area in Dodgeville, Wisconsin, and offers space for storage or work activities.
The property is in a residential area in Dodgeville, Wisconsin, and offers space for storage or work activities.
Key Highlights
- Roughly 35 by 20 feet overall
- Insulated area measures 14 by 35 feet
- Three larger interior spaces can be reconfigured
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,826
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$116,520
$116.5K
Cap Rate 7%
$83,229
$83.2K
Cap Rate 9%
$64,733
$64.7K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$9.2K $13.20/SF
− Vacancy
−$277 −$0.40/SF
EGI
$9.0K $12.80/SF
− OpEx
−$3.1K −$4.48/SF
NOI
$5.8K $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 Rate 5%
$116,520
Cap Rate 7%
$83,229
Cap Rate 9%
$64,733
Alternative Uses
Best Use
Flex RnD
$83.2K
$72.8K – $97.1K
NOI $5,826 @ 7.0% cap · market cap 6.85%
Second Best
Industrial
$52.8K
$46.2K – $61.6K
NOI $3,696 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$204.5K
$178.9K – $238.6K
NOI $14,314 @ 7.0% cap · market cap 16.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Under-served
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
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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Frequently Asked Questions
What type of property is this?
Flex space - Three existing spaces offer a configurable interior for storage or workspace.
Where is this flex space located?
The property is located at 421 Chapel Street Dodgeville, WI.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: Roughly 35 by 20 feet overall; Insulated area measures 14 by 35 feet; Three larger interior spaces can be reconfigured
