Modern Industrial Space in
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4245 Capital Cir, Janesville, WI 53546
Class A industrial building near I-90/39 and regional airport.
Property Size60,329 SF
Price / SF$98.63
Days on Market193
Property Features for 4245 Capital Cir
General Information
Standard status
Active
Size
60,329 SF
Class
A
Property subtype
Industrial
Zoning
M-1
Lease Type
NNN
Building Details
Year Built
2021
Listing Agency:
Coldwell Banker Commercial McGuire Mears & Associates
(608) 314-8257
Listed By:
Adam Shultz · License #59385 - 90
Source:
Crexi
Added: Jan 31
Changed: Aug 7
Last Checked: Aug 12 at 6:40AM
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 Class A industrial building, constructed in 2021, offers 60,239 square feet of space optimized for modern manufacturing and distribution. The steel construction features insulated panels. The building provides a 30-foot clear height, 1,200-amp power, and 50-foot by 50-foot column spacing. It is located in Janesville's logistics corridor, four minutes from the I-90/39 interchange and 12 minutes from the Southern Wisconsin Regional Airport, providing regional connectivity. The location benefits from a workforce of over 7,300 skilled industrial employees within a 10-mile radius. This facility offers a solution in a talent-rich environment.
Key Highlights
- Prime logistics location: just 4 minutes from the I‑90/I‑39 interchange.
- Modern, Class A industrial building constructed in 2021.
- Abundant skilled workforce: over 7,300 industrial employees within a 10‑mile radius.
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
$190,391
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
3.20%
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%
$3,807,820
$3.8M
Cap Rate 7%
$2,719,871
$2.7M
Cap Rate 9%
$2,115,456
$2.1M
Market Conditions
NOI Build-Up for 60,329 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
$246.1K $4.08/SF
− Vacancy
−$22.2K −$0.37/SF
EGI
$224.0K $3.71/SF
− OpEx
−$33.6K −$0.56/SF
NOI
$190.4K $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%
$3,807,820
Cap Rate 7%
$2,719,871
Cap Rate 9%
$2,115,456
Alternative Uses
Best Use
Warehouse
$2.72M
$2.38M – $3.17M
NOI $190,391 @ 7.0% cap · market cap 3.20%
Second Best
Industrial
$2.40M
$2.10M – $2.80M
NOI $167,820 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$14.50M
$12.69M – $16.91M
NOI $1,014,830 @ 7.0% cap · market cap 17.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Explore this area
Business Placement
Demographics for 53546, WI
31,190
Population
12,816
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
95%
High-School Grad
81.1 sq mi
ZIP Area
385
Density / Sq Mi
$73,430
Median Household Income
$45,481
Median Earnings
$1,076
Median Rent
$220,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Class A industrial building near I-90/39 and regional airport.
Where is this manufacturing property located?
The property is located at 4245 Capital Cir Janesville, WI.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Prime logistics location: just 4 minutes from the I‑90/I‑39 interchange.; Modern, Class A industrial building constructed in 2021.; Abundant skilled workforce: over 7,300 industrial employees within a 10‑mile radius.
