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 4:04AM

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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 7 is a 1,525-square-foot commercial condominium in the Buck Ridge Shops project. The 1.746-acre development contains 8 units and received approval for professional office, trade, contractor, service, warehouse, and office/storage uses. Current conditional-use approvals for this unit cover office, storage, and operations for multiple contractor and trade uses. The permitted use is limited to office and storage, and on-site sales are not allowed. Additional conditional-use approvals may be considered by the Town or County.

Zoned B-2, the property has a driveway entrance that must be completed to Department of Transportation-approved specifications before closing. Association documents govern signage and shared easements. A multi-unit purchase option is available.

Key Highlights

• 1,525‑square‑foot commercial condominium unit
• Part of an 8‑unit project on 1.746 acres
• Current conditional‑use approvals cover office, storage, and contractor and trade operations

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

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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 7 is approved for office and storage use, with current conditional-use approvals covering contractor and trade operations.

Where is this flex space located?

The property is located at 7539 Us Hwy 14 #7 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 commercial condominium unit; Part of an 8‑unit project on 1.746 acres; Current conditional‑use approvals cover office, storage, and contractor and trade operations