Building Details

Building Size 7,796 SF

Year Built 2023

Buildings 1

Units 3

Listing Agency: Judd Realty, LLC i***@juddrealtyllc.com

Listed By: Jamie Judd · License #8040294 Show Phone

Source: Geigerrealtors

Added: Jun 17 Changed: Oct 24 Last Checked: Oct 24 at 3:04PM

Report an Issue

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 Judd Realty, LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 2023 flex property combines an open commercial building with 640 square feet of office space. The building operates on solar power and does not have electricity service inside; electrical service is located at the road-side lot line. A boiler system is included.

The property also comprises approximately 5± acres of tillable land, currently leased through 2026. Zoning is Com/Ag.

Key Highlights

• Approximately 5± acres of tillable land
• Open commercial building with 640 sq ft of office space
• Solar‑powered building; electrical service is at the lot line along the road

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,789

Cap Rate

8.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$695,780 $695.8K

Cap Rate 7%

$496,986 $497.0K

Cap Rate 9%

$386,544 $386.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,796 SF

Gross rent

$53.3K $6.84/SF

− Vacancy

−$3.6K −$0.47/SF

EGI

$49.7K $6.37/SF

− OpEx

−$14.9K −$1.91/SF

NOI

$34.8K $4.46/SF

Area

Sauk County, WI

Vacancy

6.80%

Lease Rate

$6.84 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$695,780

Cap Rate 7%

$496,986

Cap Rate 9%

$386,544

Alternative Uses

Best Use

Flex RnD

$639.6K

$559.7K – $746.2K (±1% cap)

NOI $44,772 @ 7.0% cap · market cap 10.92%

Second Best

Industrial

$497.0K

$434.9K – $579.8K (±1% cap)

NOI $34,789 @ 7.0% cap · market cap 8.49%

Theoretical Best

Office A

$1.58M

$1.38M – $1.84M (±1% cap)

NOI $110,466 @ 7.0% cap · market cap 26.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Grocery & Convenience Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 53937, WI

1,172

Population

382

Households

3.1

Avg Household Size

35

Median Age

18%

College-Educated

80%

High-School Grad

52.6 sq mi

ZIP Area

22

Density / Sq Mi

$86,957

Median Household Income

$44,194

Median Earnings

$970

Median Rent

$261,700

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - An open interior, dedicated office area, and solar power serve a range of potential commercial operations.

Where is this flex space located?

The property is located at 5a Sandusky Road Hillpoint, WI.

What is the asking price?

The asking price for this property is $410,000.

What are key features of this property?

This property features: Approximately 5± acres of tillable land; Open commercial building with 640 sq ft of office space; Solar‑powered building; electrical service is at the lot line along the road