Contractor Shop Condominium
8-7539 Us Highway 14 Arena, WI 53503
8-7539 Us Highway 14, Arena, WI, 53503
$215,000
For Sale
$215,000
Unit 8 in an 8-unit commercial condominium project with office and storage operations approved by CUPs.
Property Size1,525 SF
Price / SF$140.98
Days on Market167
Property Features for 8-7539 Us Highway 14
General Information
- Standard status
- Active
- Size
- 1,525 SF
- Property subtype
- Business Opportunity
Listing agency
Rodina Real Estate LLC
(608) 279-7017
Listed by
Aaron Boehnen · License #11217894
(608) 279-7017
Source
Exprealty
Added: Feb 4 Updated: Jul 21 at 6:41AM Checked: Jul 21 at 6:41AM
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.
Buck Ridge Shops Condominium is an 8-unit commercial condominium project approved for professional office, trade, contractor, service, warehouse, and office/storage uses. Unit 8 is a commercial contractor shop condo offering approximately 1,525 SF, with current CUPs covering office, storage, and operations for multiple contractor/trade uses.
Current use is limited to office/storage, and the property is restricted to no onsite sales. Additional CUPs may be considered by the Town/County. A driveway entrance is planned to be completed to DOT-approved specifications prior to closing, and association documents govern signage and shared easements. A multi-unit purchase option is available.
Current use is limited to office/storage, and the property is restricted to no onsite sales. Additional CUPs may be considered by the Town/County. A driveway entrance is planned to be completed to DOT-approved specifications prior to closing, and association documents govern signage and shared easements. A multi-unit purchase option is available.
Key Highlights
- Buck Ridge Shops Condominium: 1.746‑acre, 8‑unit commercial condominium project approved for multiple commercial uses
- Unit 8 is approx. 1,525 SF of contractor shop condo space with existing office, storage, and operations CUPs
- CUP uses include office, storage, and operations for multiple contractor/trade uses; limited to office/storage with no onsite sales
Local Financial Insights For Flex RnD
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 | $20.1k | $13.20 |
| − Vacancy | −$604 | −$0.40 |
| EGI | $19.5k | $12.80 |
| − OpEx | −$6.8k | −$4.48 |
| NOI | $12.7k | $8.32 |
1,525 SF · lease $13.20/SF/yr · vacancy 3.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$367.5K
$321.6K – $428.8K
NOI $25,726 @ 7.0% cap · market cap 11.97%
Second Best
Flex RnD
$181.3K
$158.7K – $211.5K
NOI $12,692 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$445.5K
$389.8K – $519.7K
NOI $31,183 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Unit 8 in an 8-unit commercial condominium project with office and storage operations approved by CUPs.
Where is this flex space located?
The property is located at 8-7539 Us Highway 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: Buck Ridge Shops Condominium: 1.746‑acre, 8‑unit commercial condominium project approved for multiple commercial uses; Unit 8 is approx. 1,525 SF of contractor shop condo space with existing office, storage, and operations CUPs; CUP uses include office, storage, and operations for multiple contractor/trade uses; limited to office/storage with no onsite sales
