Flex Space With Overhead
For Sale
$449,900
County Road O, Mineral Point, WI 53565
COMMERCIAL - Mineral Point, WI
Property Size3,000 SF
Lot Size0.10 Acres
Price / SF$149.97
Days on Market42
Property Features for County Road O
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
Com
Interior features
Truck dr(s) hgr than 15ft, Private Restrooms, Less than 440 volt, 3 phase electric
Lot features
Corner, Industrial park, Near Major Highway
Directions
Turn on CTY RD O by Peter Built. The home sits on the right that is black and the contractor units are behind that.
Subdivision
MINERAL POINT - C
Standard status
Active
APN
018-1047
Size
3,000 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Amenities
high-speed internet
Building Details
Year built
2026
Number of units
4
Roof type
Metal
Listing Agency:
RE/MAX Preferred · RE/MAX International
(608) 574-9145
Listed By:
Christina Weitzel · License #8555494
(608) 393-3330
Added: Jul 2
Changed: Aug 12
Last Checked: Aug 12 at 10:06AM
MLS# 2017155
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,000-square-foot flex space is an under-construction shop condo with a steel frame, single-slope metal roof, and maintenance-free steel exterior. The unit includes radiant in-floor heat, a finished bathroom, storage mezzanine, interior water spigots, and a 14' x 14' insulated overhead door with windows and a Bluetooth opener. Electrical service is 200-amp, three-phase, with high-speed internet and continuous metal interior finishes. Ceiling insulation is R-36 and wall insulation is R-32; the bathroom also has baseboard heat.
The property is located on County Road O in Mineral Point, WI, near Exit 37. Recycled asphalt driveways serve the development, and the property carries Com zoning. Available configurations in the development include 25' x 60' and 50' x 60' units.
The property is located on County Road O in Mineral Point, WI, near Exit 37. Recycled asphalt driveways serve the development, and the property carries Com zoning. Available configurations in the development include 25' x 60' and 50' x 60' units.
Key Highlights
- 3,000 square feet of flex space under construction
- 200‑amp, three‑phase electrical service
- 14' x 14' insulated overhead door with windows and Bluetooth opener
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,968
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$499,360
$499.4K
Cap Rate 7%
$356,686
$356.7K
Cap Rate 9%
$277,422
$277.4K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$39.6K $13.20/SF
− Vacancy
−$1.2K −$0.40/SF
EGI
$38.4K $12.80/SF
− OpEx
−$13.4K −$4.48/SF
NOI
$25.0K $8.32/SF
Area
Iowa County, WI
Vacancy
3.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$499,360
Cap Rate 7%
$356,686
Cap Rate 9%
$277,422
Alternative Uses
Best Use
Flex RnD
$356.7K
$312.1K – $416.1K
NOI $24,968 @ 7.0% cap · market cap 5.55%
Second Best
Warehouse
$274.8K
$240.4K – $320.6K
NOI $19,234 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$876.3K
$766.8K – $1.02M
NOI $61,344 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53565, WI
4,899
Population
2,026
Households
2.4
Avg Household Size
45
Median Age
31%
College-Educated
95%
High-School Grad
186.0 sq mi
ZIP Area
26
Density / Sq Mi
$81,362
Median Household Income
$47,060
Median Earnings
$805
Median Rent
$254,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Under-construction commercial space offers radiant heat, three-phase power, and a finished bathroom.
Where is this flex space located?
The property is located at County Road O Mineral Point, WI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 3,000 square feet of flex space under construction; 200‑amp, three‑phase electrical service; 14' x 14' insulated overhead door with windows and Bluetooth opener
