Flex Space with Overhead
For Sale
$239,900
4337 Duraform Lane, Windsor, WI 53598
Business/Comm, Windsor, WI
Property Size1,250 SF
Price / SF$191.92
Days on Market28
Property Features for 4337 Duraform Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M2
Security features
Security Lighting
Interior features
Overhead doors, Truck dr(s) 15ft or lower, Private Restrooms, 3 phase electric, Inside storage, Security lighting, Garage Door Opener, Landscaped
Lot features
Business district, Industrial park, Near Major Highway
Directions
From Hwy 19, turn North onto North Towne, Left onto Duraform Way, units are on the left.
Subdivision
DEFOREST - V
Standard status
Active
APN
0910-324-2537-1
Size
1,250 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2841
Amenities
half bathroom
exterior hose bib
Lutron smart lighting
MyQ smart garage door opener
TDS high-speed internet
Building Details
Year built
2022
Number of units
4
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Realty Executives Cooper Spransy · Realty Executives International
(608) 661-7900
Listed By:
Vicki Chaussee · License #9636794
(608) 358-0733
Added: Aug 31
Changed: Sep 8
Last Checked: Sep 27 at 10:06AM
MLS# 2031553
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,250-square-foot commercial condo, classified as flex space, was built in 2022 and is configured for adaptable business use or enclosed storage. The unit includes a 12-foot overhead garage door, epoxy flooring, warehouse HVAC, a private 12-foot by 9-foot office, and a 1/2 bath measuring 8 feet by 7 feet. Additional features include three-phase electric, inside storage, security lighting, an exterior hose bib, Lutron smart lighting, and a MyQ smart garage door opener.
The property is located at 4337 Duraform Lane in Windsor, Wisconsin 53598, within Dane County, with interstate access. The exterior combines LP SmartSide and brick, while the roof is composition. TDS high-speed internet and Wi-Fi are available, and the unit includes a private restroom and landscaping.
The property is located at 4337 Duraform Lane in Windsor, Wisconsin 53598, within Dane County, with interstate access. The exterior combines LP SmartSide and brick, while the roof is composition. TDS high-speed internet and Wi-Fi are available, and the unit includes a private restroom and landscaping.
Key Highlights
- 1,250‑square‑foot commercial condo built in 2022
- 12‑foot overhead garage door with MyQ smart opener
- Private 12‑foot by 9‑foot office and 1/2 bath measuring 8 feet by 7 feet
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
$14,902
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
6.21%
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%
$298,040
$298.0K
Cap Rate 7%
$212,886
$212.9K
Cap Rate 9%
$165,578
$165.6K
Market Conditions
NOI Build-Up for 1,250 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
$18.0K $14.40/SF
− Vacancy
−$468 −$0.37/SF
EGI
$17.5K $14.03/SF
− OpEx
−$2.6K −$2.10/SF
NOI
$14.9K $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 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%
$298,040
Cap Rate 7%
$212,886
Cap Rate 9%
$165,578
Alternative Uses
Best Use
Warehouse
$212.9K
$186.3K – $248.4K
NOI $14,902 @ 7.0% cap · market cap 6.21%
Second Best
Industrial
$175.3K
$153.4K – $204.5K
NOI $12,272 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$290.5K
$254.2K – $338.9K
NOI $20,333 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53598, WI
4,033
Population
1,666
Households
2.4
Avg Household Size
35
Median Age
33%
College-Educated
92%
High-School Grad
3.1 sq mi
ZIP Area
1,301
Density / Sq Mi
$100,119
Median Household Income
$60,136
Median Earnings
$1,470
Median Rent
$373,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Move-in-ready commercial condo with warehouse HVAC, private office, and secure indoor storage capability.
Where is this flex space located?
The property is located at 4337 Duraform Lane Windsor, WI.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 1,250‑square‑foot commercial condo built in 2022; 12‑foot overhead garage door with MyQ smart opener; Private 12‑foot by 9‑foot office and 1/2 bath measuring 8 feet by 7 feet
