Flex Warehouse with
For Sale
Contact for pricing
606 10th, Monroe, WI 53566
Flex building with light industrial zoning, three-phase 480V power, heat, and a central bathroom plus 12x10 office.
Property Size3,304 SF
Price / SF$87.77
Days on Market215
Property Features for 606 10th
General Information
Standard status
Active
Size
3,304 SF
Total Parking Spaces
30
Property subtype
Retail, Industrial
Additional Details
Highway Access
Yes
Heavy Power
Yes
Building Details
Year Built
1996
Stories
1
Units
1
Listing Agency:
Madcityhomes.Com
Listed By:
Stuart Meland · License #51242-90
(608) 438-3150
Source:
Crexi
Added: Feb 6
Changed: Sep 5
Last Checked: Sep 8 at 5:46AM
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 Madcityhomes.Com
Investment Insights
Based on property information with market context.
This commercial flex building is suited to a light industrial use, with three-phase 480V electrical service and heated interior space. The property includes floor drains, a central bathroom, and a 12x10 office, and it features video surveillance equipment included with the sale.
The building is located in Monroe and provides easy access to Hwy 69.
As described, the layout can be divided into multiple leasable areas, which may support flexible occupancy configurations depending on a tenant’s needs.
The building is located in Monroe and provides easy access to Hwy 69.
As described, the layout can be divided into multiple leasable areas, which may support flexible occupancy configurations depending on a tenant’s needs.
Key Highlights
- 1996‑built commercial flex building in Monroe with light industrial zoning
- 3‑phase 480 electrical power
- Heated building with central bathroom plus a 12x10 office
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
$21,183
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
7.30%
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%
$423,660
$423.7K
Cap Rate 7%
$302,614
$302.6K
Cap Rate 9%
$235,367
$235.4K
Market Conditions
NOI Build-Up for 3,304 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
$25.8K $7.80/SF
− Vacancy
−$850 −$0.26/SF
EGI
$24.9K $7.54/SF
− OpEx
−$3.7K −$1.13/SF
NOI
$21.2K $6.41/SF
Area
Green County, WI
Vacancy
3.30%
Lease Rate
$7.80 /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%
$423,660
Cap Rate 7%
$302,614
Cap Rate 9%
$235,367
Alternative Uses
Best Use
Flex RnD
$392.8K
$343.7K – $458.3K
NOI $27,498 @ 7.0% cap · market cap 9.48%
Second Best
Warehouse
$302.6K
$264.8K – $353.1K
NOI $21,183 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$965.1K
$844.5K – $1.13M
NOI $67,560 @ 7.0% cap · market cap 23.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53566, WI
14,970
Population
6,810
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
93%
High-School Grad
152.9 sq mi
ZIP Area
98
Density / Sq Mi
$71,801
Median Household Income
$41,525
Median Earnings
$849
Median Rent
$203,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex building with light industrial zoning, three-phase 480V power, heat, and a central bathroom plus 12x10 office.
Where is this flex space located?
The property is located at 606 10th Monroe, WI.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 1996‑built commercial flex building in Monroe with light industrial zoning; 3‑phase 480 electrical power; Heated building with central bathroom plus a 12x10 office
