Building Details

Year built 2023

Number of units 3

Roof type Metal

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

Listed By: Jamie Judd Show Phone

Added: Jun 26 Changed: Oct 7 Last Checked: Oct 18 at 5:06PM

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MLS# 2026121

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.

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Investment Insights

Based on property information with market context.

Built in 2023, this flex-space property combines an open commercial building with approximately 640 square feet of office area. The building has a metal roof and is suited to commercial or industrial applications requiring adaptable interior space. Solar power serves the building, while electrical service is located at the lot line along the road. A boiler system will remain with the property.

The site encompasses 5 acres in a rural setting, including productive tillable land. That acreage can support equipment storage, expansion, or other property needs. The tillable portion is leased through 2026. The property is zoned Com/Ag and is located at 5A Sandusky Road in Hillpoint, Wisconsin.

Key Highlights

• Approximately 7,000 sq ft open commercial building
• Approximately 640 sq ft of dedicated office space
• 5 acres of productive, tillable land

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

Warehouse

$603.5K

$528.1K – $704.1K (±1% cap)

NOI $42,244 @ 7.0% cap · market cap 10.30%

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

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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

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 - Rural commercial property combining an open workspace, dedicated office area, tillable acreage, and solar power.

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 7,000 sq ft open commercial building; Approximately 640 sq ft of dedicated office space; 5 acres of productive, tillable land