Brand-New Flex
645 Sandpiper Trail Cottage Grove, WI 53527
645 Sandpiper Trail, Cottage Grove, WI, 53527
$4,900,000
For Sale
$4,900,000
COMMERCIAL - Cottage Grove, WI
Property Size19,211 SF
Lot Size2.27 Acres
Price / SF$255.06
Days on Market8
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
- 19,211 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 agency
American, REALTORS
(608) 834-2600
Listed by
David Baehr · License #5260990
(608) 213-6686
Added: Jul 15 Updated: Jul 22 at 5:04AM Checked: Jul 22 at 10:06AM
MLS# 2025939
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 brand-new Class-A flex complex totals 19,211 SF across a 14,737 SF main building and a separate, fully built-out 4,474 SF detached building. The property is configured to accommodate a mix of retail, office, showroom, and warehouse needs, with the main building described as mostly vacant and the detached building 100% leased.
Set on 2.27 acres and zoned PB, the complex is offered for sale in Cottage Grove, Wisconsin (645 Sandpiper Trail) within Dane County. It presents both owner-user and investment considerations based on the contrast between mostly vacant primary space and immediately leased income from the detached building.
Set on 2.27 acres and zoned PB, the complex is offered for sale in Cottage Grove, Wisconsin (645 Sandpiper Trail) within Dane County. It presents both owner-user and investment considerations based on the contrast between mostly vacant primary space and immediately leased income from the detached building.
Key Highlights
- Brand‑new 19,211 SF Class‑A flex complex built in 2024 at 645 Sandpiper Trail
- 14,737 SF main building with reception area, private offices, internal sprinkler, and overhead doors
- Separate 4,474 SF detached building is 100% leased for immediate income
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 | $421.9k | $21.96 |
| − Vacancy | −$67.5k | −$3.51 |
| EGI | $354.4k | $18.45 |
| − OpEx | −$88.6k | −$4.61 |
| NOI | $265.8k | $13.83 |
19,211 SF · lease $21.96/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.80M
$3.32M – $4.43M
NOI $265,780 @ 7.0% cap · market cap 5.42%
Second Best
Warehouse
$3.27M
$2.86M – $3.82M
NOI $229,029 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$4.46M
$3.91M – $5.21M
NOI $312,496 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Brand-new Class-A flex complex with 19,211 SF across two buildings, including a detached space that is fully leased.
Where is this flex space located?
The property is located at 645 Sandpiper Trail Cottage Grove, WI.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Brand‑new 19,211 SF Class‑A flex complex built in 2024 at 645 Sandpiper Trail; 14,737 SF main building with reception area, private offices, internal sprinkler, and overhead doors; Separate 4,474 SF detached building is 100% leased for immediate income
