Flex Space with Overhead
For Sale
$290,000
606 10th Street, Monroe, WI 53566
Business/Comm, Monroe, WI
Property Size3,304 SF
Lot Size0.40 Acres
Price / SF$87.77
Days on Market27
Property Features for 606 10th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Interior features
Overhead doors, Private Restrooms, Signage available, Inside storage, Outside storage, Private office(s)
Lot features
Business district, Free standing, Near Major Highway
Directions
wy 69 S to W on 8th St, L on 6th Ave, L on 10th St.
Subdivision
MONROE - C
Standard status
Active
APN
251-2392.0000
Size
3,304 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4098
Building Details
Year built
1996
Number of units
1
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Madcityhomes.Com
(608) 438-3150
Listed By:
Stuart Meland · License #5124290
(608) 438-3150
Added: Aug 5
Changed: Aug 31
Last Checked: Aug 31 at 5:06PM
MLS# 2016212
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.
Investment Insights
Based on property information with market context.
This 3,304-square-foot commercial flex building sits on 0.4 acres and was built in 1996. The layout includes overhead doors, floor drains, heat, a central private restroom, and a 12x10 office. Interior and exterior storage areas provide additional space for operations and materials, while available signage supports business identification.
The building includes 3 phase 480 electrical service and video surveillance equipment. Its configuration may accommodate division into 2-4 leasable areas, with each area designed around floor drains and heat. Easy access to Hwy 69 adds a practical transportation connection for commercial users.
The building includes 3 phase 480 electrical service and video surveillance equipment. Its configuration may accommodate division into 2-4 leasable areas, with each area designed around floor drains and heat. Easy access to Hwy 69 adds a practical transportation connection for commercial users.
Key Highlights
- 3,304 SF commercial flex building on 0.4 acres
- 3 phase 480 electrical service
- Potential division into 2‑4 leasable areas
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
$17,445
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
6.02%
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%
$348,900
$348.9K
Cap Rate 7%
$249,214
$249.2K
Cap Rate 9%
$193,833
$193.8K
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
−$7.5K −$2.26/SF
NOI
$17.4K $5.28/SF
Area
Green County, WI
Vacancy
3.30%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
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%
$348,900
Cap Rate 7%
$249,214
Cap Rate 9%
$193,833
Alternative Uses
Best Use
Flex RnD
$392.8K
$343.7K – $458.3K
NOI $27,498 @ 7.0% cap · market cap 9.48%
Second Best
Industrial
$249.2K
$218.1K – $290.8K
NOI $17,445 @ 7.0% cap · market cap 6.02%
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
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 - Commercial building with divisible work areas, private office space, and convenient access to Hwy 69.
Where is this flex space located?
The property is located at 606 10th Street 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: 3,304 SF commercial flex building on 0.4 acres; 3 phase 480 electrical service; Potential division into 2‑4 leasable areas
