Flex Space with Overhead
For Sale
$275,000
811 S Division Street #1, Waunakee, WI 53597
Each unit includes a private bathroom, service entrance, Modine heater, and 100-amp electrical service.
Property Size1,721 SF
Price / SF$159.79
Days on Market20
Property Features for 811 S Division Street #1
General Information
Standard status
Active
Size
1,721 SF
Property subtype
Commercial
Zoning
I-1
Warehouse & Industrial
Clear Height
18 ft
Power
100 amps
Additional Details
Asking Price
$260,000
Highway Access
Yes
Property Use
Storage
Building Details
Building Size
1,721 SF
Year Built
2027
Units
16
Listing Agency:
Re/Max Preferred
(608) 276-8110
Listed By:
Justin Witkins · License #58265-90
(608) 843-5663
Source:
Geigerrealtors
Added: Oct 7
Changed: Oct 25
Last Checked: Oct 26 at 4:05AM
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 Re/Max Preferred
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A planned 16-unit flex-space condominium development is scheduled to begin construction in Spring 2027 at 811 S Division Street in Waunakee. Each non-residential unit is designed with an overhead garage door, separate service door, private bathroom, Modine heater, and 100-amp service. The property is zoned I-1.
Optional build-out features include a mezzanine, air conditioning, and upgraded electrical capacity. The condominium fee covers snow removal, lawn care, trash service, water and sewer, and parking. The site is a short drive from Highway 19 and near downtown Waunakee.
Optional build-out features include a mezzanine, air conditioning, and upgraded electrical capacity. The condominium fee covers snow removal, lawn care, trash service, water and sewer, and parking. The site is a short drive from Highway 19 and near downtown Waunakee.
Key Highlights
- Planned 16‑unit commercial condominium development
- I‑1 zoning
- Each unit includes an overhead garage door and separate service door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,517
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,340
$410.3K
Cap Rate 7%
$293,100
$293.1K
Cap Rate 9%
$227,967
$228.0K
Market Conditions
NOI Build-Up for 1,721 SF
Gross rent
$24.8K $14.40/SF
− Vacancy
−$644 −$0.37/SF
EGI
$24.1K $14.03/SF
− OpEx
−$3.6K −$2.10/SF
NOI
$20.5K $11.92/SF
Area
Dane County, WI
Vacancy
2.60%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,340
Cap Rate 7%
$293,100
Cap Rate 9%
$227,967
Alternative Uses
Best Use
Warehouse
$293.1K
$256.5K – $342.0K
NOI $20,517 @ 7.0% cap · market cap 7.46%
Second Best
Industrial
$241.4K
$211.2K – $281.6K
NOI $16,897 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$399.9K
$349.9K – $466.6K
NOI $27,995 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53597, WI
20,729
Population
8,323
Households
2.5
Avg Household Size
41
Median Age
58%
College-Educated
98%
High-School Grad
52.9 sq mi
ZIP Area
392
Density / Sq Mi
$114,542
Median Household Income
$63,700
Median Earnings
$1,336
Median Rent
$462,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Each unit includes a private bathroom, service entrance, Modine heater, and 100-amp electrical service.
Where is this flex space located?
The property is located at 811 S Division Street #1 Waunakee, WI.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Planned 16‑unit commercial condominium development; I‑1 zoning; Each unit includes an overhead garage door and separate service door
