Flex Space with In-Floor
For Sale
$449,900
County Road O, Mineral Point, WI 53565
Business/Comm, Mineral Point, WI
Property Size3,000 SF
Lot Size0.10 Acres
Price / SF$149.97
Days on Market62
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
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 31
Last Checked: Sep 1 at 6:06AM
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.
These flex-space shop condos are under construction and designed for adaptable commercial use, including workshop, storage, office, fitness, recreational, and hobby applications. Available configurations include 25' x 60' and 50' x 60' units, with steel-frame construction, a single-slope metal roof, 30' front walls, and 25' rear walls.
Each unit includes radiant in-floor heat, 200-amp three-phase electrical service, a finished bathroom, storage mezzanine, and a 14' x 14' insulated overhead door with windows and Bluetooth operation. Additional features include R-36 ceiling insulation, R-32 wall insulation, a steel interior and exterior, high-speed internet, interior water spigots, bathroom baseboard heat, and recycled asphalt driveways. The property is zoned Com and is located near Exit 37 in Mineral Point, with access from County Road O.
Each unit includes radiant in-floor heat, 200-amp three-phase electrical service, a finished bathroom, storage mezzanine, and a 14' x 14' insulated overhead door with windows and Bluetooth operation. Additional features include R-36 ceiling insulation, R-32 wall insulation, a steel interior and exterior, high-speed internet, interior water spigots, bathroom baseboard heat, and recycled asphalt driveways. The property is zoned Com and is located near Exit 37 in Mineral Point, with access from County Road O.
Key Highlights
- Available in 25' x 60' and 50' x 60' shop‑condo configurations
- 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
12
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 - Newly built shop-condo units combine workshop, storage, office, and recreational functionality with highway access near Mineral Point.
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: Available in 25' x 60' and 50' x 60' shop‑condo configurations; 200‑amp three‑phase electrical service; 14' x 14' insulated overhead door with windows and Bluetooth opener
