645 Sandpiper Trail, Cottage Grove, WI 53527
COMMERCIAL - Cottage Grove, WI
- Added:
- Jun 16, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 21 at 5:06 am
Property Features for 645 Sandpiper Trail
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- PB
- Security features
- Security System
- Interior features
- Overhead doors, Truck dr(s) 15ft or lower, Private Restrooms, 3 phase electric, Reception area, Signage available, Security system, Internal sprinkler, Private office(s)
- Standard status
- Active
- APN
- 0711-081-4822-1
- Size
- 19,623 SF
- Lot size
- 2.27 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 37895
Building Details
- Year built
- 2024
- Number of units
- 1
- Roof type
- Membrane
Listing agent David Baehr License #5260990 (608) 213-6686
Listing office American, REALTORS 202 W Main St, Sun Prairie, WI (608) 834-2600
Listing date Jun 16, 2026
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.
HighLights
- Brand‑new 19,622 SF Class‑A flex complex at 645 Sandpiper Trail (Year built: 2024)
- Main building totals 18,147 SF and will be delivered vacant upon acquisition (majority of space)
- Detached 1,475 SF building is fully built out with rental units that are 100% leased
- Proposed pro forma financials based on a 9.3% cap rate and $19.50/SF NNN rent on partially vacant main building
- Flex/warehouse features include overhead doors, internal sprinkler system, and 3‑phase electric
- Includes reception area, private office(s), and private restrooms; security system and signage available
Overview
The complex sits on a 2.27-acre site at 645 Sandpiper Trail in Cottage Grove, WI (Dane County). The listing notes low-maintenance, new construction improvements, with the majority of the main building positioned for immediate customization after acquisition.
For tenants, the main building’s delivered-vacant configuration can simplify the move-in process for a flexible user seeking a combination of front-of-house and operational space types. For investors, the detached building is described as 100% leased, providing existing in-place rental income while the largely vacant main building may be leased following acquisition. Zoning is listed as PB, supporting a range of commercial flex and office-oriented uses.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $430.9k | $21.96 |
| − Vacancy | −$68.9k | −$3.51 |
| EGI | $362.0k | $18.45 |
| − OpEx | −$90.5k | −$4.61 |
| NOI | $271.5k | $13.83 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cottage Grove
- County
- Dane
- State
- Wisconsin
- Longitude
- -89.216239
- Latitude
- 43.089003
