Building Details

Year Built 2025

Listing Agency: Rodina Real Estate LLC

Listed By: Aaron Boehnen · License #11217894 Show Phone

Source: Madisonareahomesforsale

Added: Sep 30, 2025 Changed: Oct 1 Last Checked: Oct 12 at 7:47PM

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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 Rodina Real Estate LLC

Investment Insights

Based on property information with market context.

This 1.7-acre commercial condominium lot is approved for professional offices, trades, and contractor uses. Current Conditional Use Permits (CUPs) include office, storage, and operations for concrete, plumbing, electrical, flooring, well/septic, roofing, siding, landscaping/plowing, windows, solar, HVAC/fireplace, and masonry companies. Additional CUPs may be considered by the Town/County. The intended use is limited to office and storage; no on-site sales are permitted. The driveway entrance will be completed to Department of Transportation (DOT)-approved specifications prior to closing. Association bylaws will govern signage and shared easements. A plat map is to be recorded before closing. A double-unit purchase option is available. The property size is 2025 square feet.

Key Highlights

• 1.7‑acre commercial condo lot approved for professional offices, trades, and contractor uses.
• Current CUPs (Conditional Use Permits) in place for a wide range of businesses including concrete, plumbing, electrical, and more.
• Driveway entrance will be completed to DOT‑approved specifications prior to closing.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,052

Cap Rate

3.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$161,040 $161.0K

Cap Rate 7%

$115,029 $115.0K

Cap Rate 9%

$89,467 $89.5K

Market Conditions

NOI Build-Up for 1,525 SF

Gross rent

$11.9K $7.80/SF

− Vacancy

−$393 −$0.26/SF

EGI

$11.5K $7.54/SF

− OpEx

−$3.5K −$2.26/SF

NOI

$8.1K $5.28/SF

Area

Iowa County, WI

Vacancy

3.30%

Lease Rate

$7.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$161,040

Cap Rate 7%

$115,029

Cap Rate 9%

$89,467

Alternative Uses

Best Use

Office B

$367.5K

$321.6K – $428.8K (±1% cap)

NOI $25,726 @ 7.0% cap · market cap 11.97%

Second Best

Industrial

$115.0K

$100.7K – $134.2K (±1% cap)

NOI $8,052 @ 7.0% cap · market cap 3.75%

Theoretical Best

Office A

$445.5K

$389.8K – $519.7K (±1% cap)

NOI $31,183 @ 7.0% cap · market cap 14.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Auto Repair Shop Real Estate Agency Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

Explore this area Business Placement

Demographics for 53503, WI

1,923

Population

879

Households

2.2

Avg Household Size

43

Median Age

26%

College-Educated

94%

High-School Grad

56.4 sq mi

ZIP Area

34

Density / Sq Mi

$85,900

Median Household Income

$47,431

Median Earnings

$975

Median Rent

$229,800

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - 1.7-acre commercial condo lot approved for offices, trades, contractors.

Where is this commercial land located?

The property is located at 7539 Us Hwy 14 Arena, WI.

What is the asking price?

The asking price for this property is $215,000.

What are key features of this property?

This property features: 1.7‑acre commercial condo lot approved for professional offices, trades, and contractor uses.; Current CUPs (Conditional Use Permits) in place for a wide range of businesses including concrete, plumbing, electrical, and more.; Driveway entrance will be completed to DOT‑approved specifications prior to closing.