Finished Flex Space with Overhead
For Sale
$219,900
721 W Main St, Watertown, WI 53094
Finished commercial condo with high ceilings, restroom, and overhead-door access.
Property Size1,000 SF
Price / SF$219.90
Days on Market75
Property Features for 721 W Main St
General Information
Standard status
Active
Size
1,000 SF
Total Parking Spaces
2
Additional Details
Road Access
Yes
Building Details
Year Built
2024
Listing Agency:
Shine Realty
Listed By:
Adriane Stuebs
(920) 674-9821
Source:
Nikolicgroup
Added: Aug 1
Changed: Oct 5
Last Checked: Oct 7 at 3:06PM
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 Shine Realty
Investment Insights
Based on property information with market context.
This 1,000 SF commercial condo was built in 2024 and finished in a drywalled white-box condition. The space includes a restroom, high ceilings with room for a mezzanine, two 12-foot overhead doors, and two parking spaces. It is wired for Spectrum and has an exhaust system setup, supporting a range of indoor commercial operations.
The property is located at 721 W Main St in Watertown, Wisconsin, just off Main Street and across from Glenn's Market. The configuration combines open workspace with direct overhead-door access, making the unit adaptable for office, storage, indoor sales or service, and maintenance-oriented uses.
The property is located at 721 W Main St in Watertown, Wisconsin, just off Main Street and across from Glenn's Market. The configuration combines open workspace with direct overhead-door access, making the unit adaptable for office, storage, indoor sales or service, and maintenance-oriented uses.
Key Highlights
- 1,000 SF commercial condo built in 2024
- Two 12‑foot overhead doors
- High ceilings with mezzanine potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,061
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,220
$221.2K
Cap Rate 7%
$158,014
$158.0K
Cap Rate 9%
$122,900
$122.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$13.8K $13.80/SF
− Vacancy
−$787 −$0.79/SF
EGI
$13.0K $13.01/SF
− OpEx
−$2.0K −$1.95/SF
NOI
$11.1K $11.06/SF
Area
Jefferson County, WI
Vacancy
5.70%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,220
Cap Rate 7%
$158,014
Cap Rate 9%
$122,900
Alternative Uses
Best Use
Warehouse
$158.0K
$138.3K – $184.4K
NOI $11,061 @ 7.0% cap · market cap 5.03%
Second Best
Industrial
$130.1K
$113.9K – $151.8K
NOI $9,109 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$234.7K
$205.4K – $273.8K
NOI $16,430 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53094, WI
18,510
Population
7,387
Households
2.5
Avg Household Size
39
Median Age
22%
College-Educated
92%
High-School Grad
88.8 sq mi
ZIP Area
208
Density / Sq Mi
$71,973
Median Household Income
$40,673
Median Earnings
$1,039
Median Rent
$223,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Finished commercial condo with high ceilings, restroom, and overhead-door access.
Where is this flex space located?
The property is located at 721 W Main St Watertown, WI.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: 1,000 SF commercial condo built in 2024; Two 12‑foot overhead doors; High ceilings with mezzanine potential
