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    820 Industrial Dr Sparta, WI 54656

    For Sale
    $1,416,977

    Prime Sparta office building, 100% occupied, strong NOI.

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a 10,000-square-foot Class C office building located at 820 Industrial Drive in Sparta, Wisconsin. The property, built in 1994, sits on a 3.43-acre lot and boasts 40 parking spaces, ensuring ample convenience for tenants and visitors. Currently operating under a gross lease with a multi-tenant occupancy of 100%, the building offers a stable income stream with a remaining lease term of four years. The asking price is $1,416,977, translating to a price per square foot of $141.70 and a compelling 6.97% capitalization rate. The property's Net Operating Income (NOI) stands at $123,277, demonstrating its strong financial performance. The property is zoned B - Business, allowing for a variety of commercial uses. The Assessor's Parcel Number (APN) is 281-02609-1500. This well-maintained office building presents a rare opportunity to acquire a stable, high-performing asset in a desirable location within Monroe County, Wisconsin, with a zip code of 54656. The property's location offers easy access to major transportation routes and local amenities. This is an ideal investment for those seeking a consistent return on investment with significant upside potential.

    Property Features for 820 Industrial Dr

    General Information

    Property type
    Office buildings
    Square Feet
    10,000 SF
    Class
    C
    Lot Size
    149,411 SF

    Building Details

    Year Built
    1994

    HighLights

    • 10,000 SF Class C office building on a 3.43‑acre lot in Sparta, WI.
    • 40 parking spaces and 100% occupancy under a gross lease with four years remaining.
    • Asking price: $1,416,977 ($141.70/SF), 6.97% cap rate, $123,277 NOI.
    • B‑Business zoning, APN 281‑02609‑1500, located in Monroe County, WI (54656).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Monroe County Land ... County Government Office US Consolidated Farm ... Conservation Department USDA Rural Development Urban Planning Department Natural Resources Conservation Conservation Department Corrections-Probation & Parole Government Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sparta
    County
    Monroe
    State
    Wisconsin
    Longitude
    -90.8287678
    Latitude
    43.9351326

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    FAQs

    What type of property is this?
    Office building - Prime Sparta office building, 100% occupied, strong NOI.
    Where is this office building located?
    The property is located at 820 Industrial Dr Sparta, WI.
    What is the asking price?
    The asking price for this property is $1,416,977.
    What are key features of this property?
    This property features: 10,000 SF Class C office building on a 3.43-acre lot in Sparta, WI.; 40 parking spaces and 100% occupancy under a gross lease with four years remaining.; Asking price: $1,416,977 ($141.70/SF), 6.97% cap rate, $123,277 NOI.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    820 Industrial Dr Sparta, WI 54656
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