Storage and Workspace Condo
New
For Sale
Under Contract
$219,900
7645 Grinde Road, De Forest, WI 53532
COMMERCIAL - DeForest, WI
Property Size1,500 SF
Lot Size0.12 Acres
Price / SF$146.60
Days on Market1
Property Features for 7645 Grinde Road
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
Commercial
Security features
Security Lighting
Interior features
Overhead doors, Truck dr(s) 15ft or lower, Security lighting
Lot features
Industrial park
Directions
WI 19 W, Rt on US 51, Exit CRV to left on E North St, to Rt on Stevenson St - turns into Grinde Road.
Subdivision
WINDSOR - V
Standard status
Active Under Contract
APN
0910-054-6043-1
Size
1,500 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Building Details
Year built
2025
Number of units
4
Roof type
Composition
Listing Agency:
Realty Executives Cooper Spransy · Realty Executives International
(608) 661-7900
Listed By:
Kim Elton · License #3724294
(608) 512-7836
Added: Jul 30
Last Checked: Jul 30 at 5:06PM
MLS# 2007913
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Under construction storage and workspace condo unit in DeForest, WI, built for secure, flexible use. The unit provides 1,500 SF of space with insulated walls and a composition roof. Construction includes an LP SmartSide exterior, plus a 12' x 14' motorized overhead door for convenient access. Interior features include overhead doors, security lighting, and truck access suitable for vehicles 15 ft or lower.
The property is situated on 0.118 acres at 7645 Grinde Road in Dane County. The development is offered in phases, with additional options for combining units to create larger configurations up to 4,500 SF.
The condo configuration is designed to support customization, including optional office, bathroom, or mezzanine build-outs, depending on how the space is intended to be used.
The property is situated on 0.118 acres at 7645 Grinde Road in Dane County. The development is offered in phases, with additional options for combining units to create larger configurations up to 4,500 SF.
The condo configuration is designed to support customization, including optional office, bathroom, or mezzanine build-outs, depending on how the space is intended to be used.
Key Highlights
- Under construction storage/workspace condo unit
- 1,500 SF with insulated walls
- LP SmartSide exterior and composition roof
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.6k | $14.40 |
| − Vacancy | −$562 | −$0.37 |
| EGI | $21.0k | $14.03 |
| − OpEx | −$3.2k | −$2.10 |
| NOI | $17.9k | $11.92 |
1,500 SF · lease $14.40/SF/yr · vacancy 2.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$255.5K
$223.5K – $298.1K
NOI $17,883 @ 7.0% cap · market cap 8.13%
Second Best
Industrial
$210.4K
$184.1K – $245.5K
NOI $14,727 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$348.6K
$305.0K – $406.7K
NOI $24,400 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53532, WI
15,962
Population
6,375
Households
2.5
Avg Household Size
39
Median Age
43%
College-Educated
97%
High-School Grad
54.2 sq mi
ZIP Area
295
Density / Sq Mi
$110,050
Median Household Income
$56,970
Median Earnings
$1,381
Median Rent
$355,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Under-construction 1,500 SF storage/workspace condo with insulated walls and a 12' x 14' motorized overhead door.
Where is this flex space located?
The property is located at 7645 Grinde Road De Forest, 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: Under construction storage/workspace condo unit; 1,500 SF with insulated walls; LP SmartSide exterior and composition roof
