Building Details

Year Built 1996

Stories 1

Units 1

Listing Agency: Madcityhomes.Com

Listed By: Stuart Meland · License #51242-90 Show Phone

Source: Crexi

Added: Feb 6 Changed: Oct 7 Last Checked: Oct 24 at 4:40PM

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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 Madcityhomes.Com

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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.

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 / Yr

$21,183

Cap Rate

7.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$423,660 $423.7K

Cap Rate 7%

$302,614 $302.6K

Cap Rate 9%

$235,367 $235.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,304 SF

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 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 (±1% cap)

NOI $27,498 @ 7.0% cap · market cap 9.48%

Second Best

Warehouse

$302.6K

$264.8K – $353.1K (±1% cap)

NOI $21,183 @ 7.0% cap · market cap 7.30%

Theoretical Best

Office A

$965.1K

$844.5K – $1.13M (±1% cap)

NOI $67,560 @ 7.0% cap · market cap 23.30%

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 Law Firm HVAC Service Grocery & Convenience Store Skin Care Clinic Real Estate Agency Garden Center

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

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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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