Fully Finished Flex Shop
8-Unit #8 407 S Wengel Drive Reedsburg, WI 53959
8-Unit #8 407 S Wengel Drive, Reedsburg, WI, 53959
$154,900
For Sale
$154,900
A finished warehouse-style unit with private office, HVAC, overhead door, and 4-inch concrete floors for contractor, light manufacturing, or storage use.
Property Size1,250 SF
Price / SF$123.92
Days on Market60
Property Features for 8-Unit #8 407 S Wengel Drive
General Information
- Standard status
- Active
- Size
- 1,250 SF
Listing Agency
First Weber Inc
(608) 434-1080
Listed by
Chelsey Steele · License #79519-94
(608) 434-1080
Source
Exprealty
Added: May 22 Updated: Jul 10 at 1:48 pm Checked: Jul 19 at 8:51 am
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 First Weber Inc
Investment Insights
Based on property information with market context.
Unit 8 is a fully finished shop space designed for a mix of workspace and operations. The unit includes durable 4-inch concrete floors, full insulation, and a 13-foot overhead door for convenient loading and equipment access. Inside, there is a private office with HVAC, a private bathroom, and hot water with heat throughout. Practical utility is supported by a floor drain and a 200-amp 220V electrical service, making the space well-suited for a variety of business activities.
The property is part of an 8-unit development and offers low-maintenance exterior with designated dumpster space. The listing notes a monthly HOA fee of $60 that covers many exterior expenses, with no lawn care or snow removal.
This unit can fit tenants or buyers who need a finished interior for day-to-day work, along with shop functionality for tools, light manufacturing, or storage. The combination of an overhead door, dedicated office space, and restroom supports both operational and client-facing needs, depending on the business. The unit is available for sale, on land contract, or for rent, providing flexibility for different types of operators and buyers.
The property is part of an 8-unit development and offers low-maintenance exterior with designated dumpster space. The listing notes a monthly HOA fee of $60 that covers many exterior expenses, with no lawn care or snow removal.
This unit can fit tenants or buyers who need a finished interior for day-to-day work, along with shop functionality for tools, light manufacturing, or storage. The combination of an overhead door, dedicated office space, and restroom supports both operational and client-facing needs, depending on the business. The unit is available for sale, on land contract, or for rent, providing flexibility for different types of operators and buyers.
Key Highlights
- Fully finished 1,250 SF warehouse/shop unit (Unit 8) with private office and private bathroom
- 13' overhead door for loading access plus 4‑inch concrete floors
- 200‑amp 220V electrical service and full insulation
Local Financial Insights For Office B
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 | $21.0k | $16.80 |
| − Vacancy | −$4.6k | −$3.70 |
| EGI | $16.4k | $13.10 |
| − OpEx | −$4.1k | −$3.28 |
| NOI | $12.3k | $9.83 |
1,250 SF · lease $16.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$175.5K
$153.6K – $204.8K
NOI $12,285 @ 7.0% cap · market cap 7.93%
Second Best
Flex RnD
$102.6K
$89.7K – $119.7K
NOI $7,179 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$253.0K
$221.4K – $295.2K
NOI $17,712 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - A finished warehouse-style unit with private office, HVAC, overhead door, and 4-inch concrete floors for contractor, light manufacturing, or storage use.
Where is this flex space located?
The property is located at 8-Unit #8 407 S Wengel Drive Reedsburg, WI.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: Fully finished 1,250 SF warehouse/shop unit (Unit 8) with private office and private bathroom; 13' overhead door for loading access plus 4‑inch concrete floors; 200‑amp 220V electrical service and full insulation
