Fitchburg Retail/Office Building For
For Sale
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6200 Nesbitt Rd, Fitchburg, WI
Class B+ retail/office building in Fitchburg, Wisconsin.
Property Size12,250 SF
Lot Size1.18 Acres
Price / SF$204.08
Days on Market334
Property Features for 6200 Nesbitt Rd
General Information
Standard status
Active
Size
12,250 SF
Lot size
1.18 Acres
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 6200 Nesbitt Rd Contact us- Floor
- 1
- Size
- 1,164 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Retail and Office Space Available
• Outdoor space for gym available
• Sufficient parking
• Good visibility in...
show more
Contact us
- Floor
- 1
- Size
- 2,639 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Retail and Office Space Available
• Outdoor space for gym available
• Sufficient parking
• Good visibility in...
show more
Contact us
Listing Agency:
Colliers - Madison
(608) 628-5895
Listed By:
Chris Richards · License #9043694
(608) 628-5895
Source:
Moodyscre
Added: Oct 3, 2025
Changed: Aug 31
Last Checked: Aug 31 at 2:34AM
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 Colliers - Madison
Investment Insights
Based on property information with market context.
This Class B+ retail/office building, constructed in 2009, is located at 6200 Nesbitt Road in Fitchburg, Wisconsin. The single-story property has a total area of 12,250 square feet and features high-quality buildouts and attractive exterior finishes. The property is currently 78% occupied with tenants on NNN leases, providing a blend of immediate income and future upside through lease-up of the remaining vacancy.
Key Highlights
- Class B+ retail/office building constructed in 2009
- Single‑story property totaling 12,250 square feet
- High‑quality buildouts and attractive exterior finishes
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
$169,476
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
6.78%
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%
$3,389,520
$3.4M
Cap Rate 7%
$2,421,086
$2.4M
Cap Rate 9%
$1,883,067
$1.9M
Market Conditions
NOI Build-Up for 12,250 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
$269.0K $21.96/SF
− Vacancy
−$43.0K −$3.51/SF
EGI
$226.0K $18.45/SF
− OpEx
−$56.5K −$4.61/SF
NOI
$169.5K $13.83/SF
Area
Dane County, WI
Vacancy
16.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$3,389,520
Cap Rate 7%
$2,421,086
Cap Rate 9%
$1,883,067
Alternative Uses
Best Use
Office B
$2.42M
$2.12M – $2.82M
NOI $169,476 @ 7.0% cap · market cap 6.78%
Second Best
Retail
$1.68M
$1.47M – $1.96M
NOI $117,435 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,265 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Class B+ retail/office building in Fitchburg, Wisconsin.
Where is this retail space located?
The property is located at 6200 Nesbitt Rd Fitchburg, WI.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Class B+ retail/office building constructed in 2009; Single‑story property totaling 12,250 square feet; High‑quality buildouts and attractive exterior finishes
