Building Details

Building Size 1,525 SF

Year Built 2025

Units 8

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

Listed By: Aaron Boehnen · License #11217894 Show Phone

Source: Geigerrealtors

Added: Feb 3 Changed: Oct 25 Last Checked: Oct 26 at 4:06AM

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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 5 is a 1,525-square-foot commercial condominium in Buck Ridge Shops, an 8-unit project on 1.746 acres. Built in 2025, the flex space has current conditional use approvals for office and storage, along with operations for multiple contractor and trade uses. On-site sales are not permitted under the current use limitation.

The property is zoned B-2. A driveway entrance is to be completed to DOT-approved specifications before closing. Signage and shared easements are governed by the association documents. Additional conditional use approvals may be considered by the Town or County, and a multi-unit purchase option is available.

Key Highlights

• 1,525‑square‑foot contractor shop condominium
• Part of an 8‑unit commercial condominium project on 1.746 acres
• Built in 2025; zoned B‑2

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,692

Cap Rate

5.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$253,840 $253.8K

Cap Rate 7%

$181,314 $181.3K

Cap Rate 9%

$141,022 $141.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,525 SF

Gross rent

$20.1K $13.20/SF

− Vacancy

−$604 −$0.40/SF

EGI

$19.5K $12.80/SF

− OpEx

−$6.8K −$4.48/SF

NOI

$12.7K $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%

$253,840

Cap Rate 7%

$181,314

Cap Rate 9%

$141,022

Alternative Uses

Best Use

Flex RnD

$181.3K

$158.7K – $211.5K (±1% cap)

NOI $12,692 @ 7.0% cap · market cap 5.90%

Second Best

Warehouse

$139.7K

$122.2K – $163.0K (±1% cap)

NOI $9,777 @ 7.0% cap · market cap 4.55%

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

Contact the owner directly Get the owner's phone numbers and email

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 - Unit 5 is approved for 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 #5 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: 1,525‑square‑foot contractor shop condominium; Part of an 8‑unit commercial condominium project on 1.746 acres; Built in 2025; zoned B‑2