Flex Space with Loading
680 Gerry Way, Darien, WI 53114
For Sale
$1,950,000
Versatile commercial building with office areas, loading infrastructure, and drive-in access.
Property Size15,000 SF
Lot Size3.00 Acres
Price / SF$130
Days on Market94
Property Features for 680 Gerry Way
General Information
Standard status
Size
Lot size
Zoning
Site & Location
Highway Access
Utilities to Site
Warehouse & Industrial
Clear Height
Dock-High Doors
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Berkshire Hathaway Starck Real Estate
Listed By:
Kilkenny Group* · License WI #5332490
(262) 729-2500
Source:
Tumpanelegacy
Added: Aug 9
Changed: Oct 25
Last Checked: Oct 7 at 1:07PM
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 Berkshire Hathaway Starck Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 680 Gerry Way in Darien, Wisconsin, this 15,000-square-foot flex building offers a combination of warehouse and office functionality. The structure features 20-foot ceilings, ample office space, a loading dock, and overhead drive-in doors. A 6-inch concrete floor, radiant in-floor heat, and municipal sewer and water support a range of commercial operations. The property is available immediately.
The approximately three-acre site is visible from the full interchange connecting Route 14 with I-43. Its position along I-43 provides access toward Delavan, Beloit, Milwaukee, Janesville, northern Illinois, and the I-39/90 corridor. The property is located in the Village of Darien and carries SC—Suburban Commercial District zoning.
The approximately three-acre site is visible from the full interchange connecting Route 14 with I-43. Its position along I-43 provides access toward Delavan, Beloit, Milwaukee, Janesville, northern Illinois, and the I-39/90 corridor. The property is located in the Village of Darien and carries SC—Suburban Commercial District zoning.
Key Highlights
- 15, 000 sq ft flex building on approximately three acres
- 20' ceilings with ample office space
- Loading dock and overhead drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,172
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,123,440
$3.1M
Cap Rate 7%
$2,231,029
$2.2M
Cap Rate 9%
$1,735,244
$1.7M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$255.6K $17.04/SF
− Vacancy
−$15.3K −$1.02/SF
EGI
$240.3K $16.02/SF
− OpEx
−$84.1K −$5.61/SF
NOI
$156.2K $10.41/SF
Area
Walworth County, WI
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,123,440
Cap Rate 7%
$2,231,029
Cap Rate 9%
$1,735,244
Alternative Uses
Best Use
Flex RnD
$2.23M
$1.95M – $2.60M
NOI $156,172 @ 7.0% cap · market cap 8.01%
Second Best
Warehouse
$2.17M
$1.90M – $2.53M
NOI $152,082 @ 7.0% cap · market cap 7.80%
Theoretical Best
Specialty Retail
$2.89M
$2.53M – $3.38M
NOI $202,635 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
20 ft
Clear height
1
Dock-high doors
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53114, WI
2,491
Population
904
Households
2.8
Avg Household Size
41
Median Age
20%
College-Educated
90%
High-School Grad
30.0 sq mi
ZIP Area
83
Density / Sq Mi
$73,906
Median Household Income
$46,504
Median Earnings
$859
Median Rent
$226,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with office areas, loading infrastructure, and drive-in access.
Where is this flex space located?
The property is located at 680 Gerry Way Darien, WI.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 15, 000 sq ft flex building on approximately three acres; 20' ceilings with ample office space; Loading dock and overhead drive‑in doors
