Building Details

Building Size 3,068 SF

Year Built 2025

Units 1

Listing Agency: Rodina Real Estate LLC k***@rodinarealestate.com Show Phone

Listed By: Aaron Boehnen · License #11217894 Show Phone

Source: Geigerrealtors

Added: Feb 19 Changed: Oct 25 Last Checked: Oct 26 at 3:59AM

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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

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Investment Insights

Based on property information with market context.

Unit 1 in Buck Ridge Shops is a commercial condominium offering approximately 3,068 square feet, including a loft. The eight-unit project occupies 1.746 acres and is zoned B-2. Current use is limited to office and storage, with no on-site sales; additional conditional use permits may be considered by the Town or County. The project’s approved use categories include professional office, trade, contractor, service, warehouse, and office/storage uses, subject to applicable approvals and restrictions.

The driveway entrance must be completed to DOT-approved specifications before closing. Association documents govern signage and shared easements. A double-unit purchase option is available.

Key Highlights

• Unit 1 includes approximately 3,068 SF, including a loft
• Eight‑unit commercial condominium project on 1.746 acres
• B‑2 zoning; current use is limited to office and storage, with no on‑site sales

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,534

Cap Rate

7.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$510,680 $510.7K

Cap Rate 7%

$364,771 $364.8K

Cap Rate 9%

$283,711 $283.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,068 SF

Gross rent

$40.5K $13.20/SF

− Vacancy

−$1.2K −$0.40/SF

EGI

$39.3K $12.80/SF

− OpEx

−$13.7K −$4.48/SF

NOI

$25.5K $8.32/SF

Area

Iowa County, WI

Vacancy

3.00%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$510,680

Cap Rate 7%

$364,771

Cap Rate 9%

$283,711

Alternative Uses

Best Use

Flex RnD

$364.8K

$319.2K – $425.6K (±1% cap)

NOI $25,534 @ 7.0% cap · market cap 7.86%

Second Best

Warehouse

$281.0K

$245.9K – $327.8K (±1% cap)

NOI $19,670 @ 7.0% cap · market cap 6.05%

Theoretical Best

Office A

$896.2K

$784.2K – $1.05M (±1% cap)

NOI $62,734 @ 7.0% cap · market cap 19.30%

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

Property Analytics

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Open Analytics

Current Use

Flex space

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

Well-served

Demand for This Use

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 Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - The B-2-zoned unit is limited to office and storage use, with no on-site sales permitted.

Where is this flex space located?

The property is located at 7539 Us Hwy 14 #1 Arena, WI.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Unit 1 includes approximately 3,068 SF, including a loft; Eight‑unit commercial condominium project on 1.746 acres; B‑2 zoning; current use is limited to office and storage, with no on‑site sales