Building Details

Year Built 1995

Listing Agency: Collective Real Estate Group

Listed By: Lindsay Koth · License #6062390 Show Phone

Source: Soldinmadison

Added: Jul 14 Changed: Oct 9 Last Checked: Oct 5 at 10:52PM

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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 Collective Real Estate Group

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Investment Insights

Based on property information with market context.

This well-maintained ground-level office suite offers a functional layout with multiple private offices, a shared kitchenette, and common area bathrooms just steps from the entrance. The space is designed for day-to-day work with abundant natural light throughout and exterior monument signage.

Located at 602 Pleasant Oak Dr in Oregon, WI, the suite overlooks the Foxboro Golf Course, providing an attractive setting. Ample parking is available for both tenants and guests, supporting convenient access for visitors.

Overall, it’s a practical office environment for established professionals and service-oriented teams looking for a ground-level suite with defined rooms and on-site conveniences.

Key Highlights

• Ground‑level office suite with multiple private offices
• Shared kitchenette and common area bathrooms just steps from the entrance
• Abundant natural light

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$99,188

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,983,760 $2.0M

Cap Rate 7%

$1,416,971 $1.4M

Cap Rate 9%

$1,102,089 $1.1M

What to ask about pricing

Market Conditions

NOI Build-Up for 8,328 SF

Gross rent

$179.9K $21.60/SF

− Vacancy

−$14.6K −$1.75/SF

EGI

$165.3K $19.85/SF

− OpEx

−$66.1K −$7.94/SF

NOI

$99.2K $11.91/SF

Area

Dane County, WI

Vacancy

8.10%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,983,760

Cap Rate 7%

$1,416,971

Cap Rate 9%

$1,102,089

Alternative Uses

Best Use

Office B

$1.65M

$1.44M – $1.92M (±1% cap)

NOI $115,216 @ 7.0% cap · market cap 10,474.18%

Second Best

Healthcare Medical

$1.42M

$1.24M – $1.65M (±1% cap)

NOI $99,188 @ 7.0% cap · market cap 9,017.09%

Theoretical Best

Office A

$1.94M

$1.69M – $2.26M (±1% cap)

NOI $135,468 @ 7.0% cap · market cap 12,315.27%

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

Office Units

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Building Supply Dental Office Pharmacy

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

Location Intelligence

Trade Area within ½ mile

168

Businesses Nearby

Explore this area Business Placement

Demographics for 53575, WI

17,320

Population

7,036

Households

2.5

Avg Household Size

41

Median Age

47%

College-Educated

97%

High-School Grad

55.3 sq mi

ZIP Area

313

Density / Sq Mi

$110,388

Median Household Income

$64,251

Median Earnings

$1,223

Median Rent

$384,700

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Ground-level office suite with multiple private offices, kitchenette, common bathrooms, natural light, and ample parking.

Where is this office unit located?

The property is located at 602 Pleasant Oak Dr Oregon, WI.

What are key features of this property?

This property features: Ground‑level office suite with multiple private offices; Shared kitchenette and common area bathrooms just steps from the entrance; Abundant natural light