Flex Space with 18-Foot Clear
For Sale
$260,000
811 S Division, Waunakee, WI 53597
I-1-zoned commercial condos include a private restroom, overhead garage door, service entrance, and 100-amp electrical service.
Property Size1,163 SF
Price / SF$223.56
Days on Market11
Property Features for 811 S Division
General Information
Standard status
Active
Size
1,163 SF
Property subtype
Commercial
Zoning
I-1
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
18 ft
Power
100 amps
Additional Details
Asking Price
$260,000
Building Details
Year Built
2027
Listing Agency:
RE/MAX Preferred
Listed By:
Justin Witkins · License #58265-90
(608) 843-5663
Source:
Viewhomesinwisconsin
Added: Oct 4
Changed: Oct 13
Last Checked: Oct 13 at 2:21AM
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
Investment Insights
Based on property information with market context.
Planned as a 16-unit commercial condominium project, this flex space development is projected to begin construction in Spring 2027. Each unit offers 1,163 square feet, measures 25' by 46.5', and has 18' of clear height. Included features are a Modine heater, private bathroom, overhead garage door, service door, and 100-amp service. Mezzanine installation, air conditioning, and electrical upgrades are available as options. Multiple units can be combined, and the spaces are zoned I-1 for non-residential use.
The property is near downtown Waunakee and a few minutes from HWY 113 and 19. The condominium fee covers snow removal, lawn care, trash, water and sewer, and parking.
The property is near downtown Waunakee and a few minutes from HWY 113 and 19. The condominium fee covers snow removal, lawn care, trash, water and sewer, and parking.
Key Highlights
- 16‑unit commercial condominium development projected to break ground in Spring 2027
- 1,163 SF units measuring 25' x 46.5'
- 18' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,865
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,300
$277.3K
Cap Rate 7%
$198,071
$198.1K
Cap Rate 9%
$154,056
$154.1K
Market Conditions
NOI Build-Up for 1,163 SF
Gross rent
$16.7K $14.40/SF
− Vacancy
−$435 −$0.37/SF
EGI
$16.3K $14.03/SF
− OpEx
−$2.4K −$2.10/SF
NOI
$13.9K $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%
$277,300
Cap Rate 7%
$198,071
Cap Rate 9%
$154,056
Alternative Uses
Best Use
Warehouse
$198.1K
$173.3K – $231.1K
NOI $13,865 @ 7.0% cap · market cap 5.33%
Second Best
Industrial
$163.1K
$142.7K – $190.3K
NOI $11,418 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$270.3K
$236.5K – $315.3K
NOI $18,918 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18 ft
Clear height
Yes
Highway access
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - I-1-zoned commercial condos include a private restroom, overhead garage door, service entrance, and 100-amp electrical service.
Where is this flex space located?
The property is located at 811 S Division Waunakee, WI.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 16‑unit commercial condominium development projected to break ground in Spring 2027; 1,163 SF units measuring 25' x 46.5'; 18' clear height
