16-Unit Flex Condo
For Sale
$260,000
7-811 S Division St, Waunakee, WI 53597
Planned I-1-zoned units include private bathrooms, overhead doors, and 100-amp electrical service.
Property Size1,163 SF
Price / SF$223.56
Days on Market8
Property Features for 7-811 S Division St
General Information
Standard status
Active
Size
1,163 SF
Zoning
I-1
Warehouse & Industrial
Clear Height
18 ft
Power
100 amps
Additional Details
Asking Price
$260,000
Highway Access
Yes
Amenities
snow
lawn
trash
water/sewer
parking
Listing Agency:
RE/MAX Preferred
(608) 276-8110
Listed By:
Justin Witkins · License #58265-90
(608) 843-5663
Source:
Exprealty
Added: Oct 8
Changed: Oct 15
Last Checked: Oct 15 at 2:36AM
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 RE/MAX Preferred
Investment Insights
Based on property information with market context.
A 16-unit flex condominium project is planned at 7-811 S Division St in Waunakee, with groundbreaking projected for Spring 2027. Each unit offers 1,163 square feet, measuring 25' by 46.5', and 18' of clear height. Planned improvements include a Modine heater, private bathroom, overhead garage door, service door, and 100-amp electrical service. Buyers may combine units, with options for a mezzanine, air conditioning, or upgraded power. These are non-residential spaces, and the property is zoned I-1.
The site is near downtown Waunakee and a short drive from Highways 113 and 19. The condominium fee covers snow removal, lawn care, trash, water and sewer, and parking.
The site is near downtown Waunakee and a short drive from Highways 113 and 19. The condominium fee covers snow removal, lawn care, trash, water and sewer, and parking.
Key Highlights
- Planned 16‑unit commercial condominium development; groundbreaking projected for Spring 2027
- Individual units contain 1,163 square feet, with dimensions of 25' by 46.5'
- 18' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,418
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,360
$228.4K
Cap Rate 7%
$163,114
$163.1K
Cap Rate 9%
$126,867
$126.9K
Market Conditions
NOI Build-Up for 1,163 SF
Gross rent
$16.7K $14.40/SF
− Vacancy
−$435 −$0.37/SF
EGI
$16.3K $14.03/SF
− OpEx
−$4.9K −$4.21/SF
NOI
$11.4K $9.82/SF
Area
Dane County, WI
Vacancy
2.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,360
Cap Rate 7%
$163,114
Cap Rate 9%
$126,867
Alternative Uses
Best Use
Industrial
$163.1K
$142.7K – $190.3K
NOI $11,418 @ 7.0% cap · market cap 4.39%
Second Best
Flex RnD
$141.7K
$124.0K – $165.3K
NOI $9,917 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$270.3K
$236.5K – $315.3K
NOI $18,918 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53597, WI
20,729
Population
8,323
Households
2.5
Avg Household Size
41
Median Age
58%
College-Educated
98%
High-School Grad
52.9 sq mi
ZIP Area
392
Density / Sq Mi
$114,542
Median Household Income
$63,700
Median Earnings
$1,336
Median Rent
$462,900
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 - Planned I-1-zoned units include private bathrooms, overhead doors, and 100-amp electrical service.
Where is this flex space located?
The property is located at 7-811 S Division St Waunakee, WI.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Planned 16‑unit commercial condominium development; groundbreaking projected for Spring 2027; Individual units contain 1,163 square feet, with dimensions of 25' by 46.5'; 18' clear height
