Modern Flex Space
For Sale
$129,000
E-505 W Fulton St, Edgerton, WI 53534
A 2022-built, fully finished, heated unit with insulated overhead doors and reinforced concrete floors for commercial use.
Property Size2,275 SF
Price / SF$56.70
Days on Market221
Property Features for E-505 W Fulton St
General Information
Standard status
Active
Size
2,275 SF
Property subtype
Business Opportunity
Warehouse & Industrial
Drive-In Doors
2
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$6,996
Building Details
Year Built
2022
Listing Agency:
Pat's Realty Inc
Listed By:
Kari Reilly · License #8214094
(608) 436-4644
Source:
Exprealty
Added: Mar 23
Changed: Oct 26
Last Checked: Oct 28 at 11:40AM
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 Pat's Realty Inc
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Investment Insights
Based on property information with market context.
This modern flex space unit was built in 2022 and is fully finished, providing premium workspace designed for commercial or industrial use only. The unit includes full sound and heat insulation between the walls and ceiling, with reinforced concrete floors built for heavy-duty use. It is heated and well-lit with energy-efficient LED and shop lighting. Electrical and security are in place with a 100 amp electrical service and a security camera system, and the unit also features a private entrance for added convenience and security.
The property is part of a four-unit building, with each unit completely private. Access is provided by two insulated overhead doors: one 16' x 8' door with an automatic opener and one 12' x 8' manual door. The seller is currently working with Combs & Associates on a new survey for Unit E.
For tenants, this layout supports trades and service-oriented operations that need insulated interior work space plus straightforward loading access. Residential occupancy is not permitted. As of the seller’s information, the unit’s current rent is seasonal and ends April 30, 2026, and the seller has previously rented space for $1,200 per month. The unit is listed for sale at E-505 W Fulton St, Edgerton, WI.
The property is part of a four-unit building, with each unit completely private. Access is provided by two insulated overhead doors: one 16' x 8' door with an automatic opener and one 12' x 8' manual door. The seller is currently working with Combs & Associates on a new survey for Unit E.
For tenants, this layout supports trades and service-oriented operations that need insulated interior work space plus straightforward loading access. Residential occupancy is not permitted. As of the seller’s information, the unit’s current rent is seasonal and ends April 30, 2026, and the seller has previously rented space for $1,200 per month. The unit is listed for sale at E-505 W Fulton St, Edgerton, WI.
Key Highlights
- 2022‑built, fully finished commercial unit with 2, 275 SF (35' x 65') of premium workspace
- Reinforced concrete floors designed for heavy‑duty use, with full sound and heat insulation between walls and ceiling
- Insulated overhead doors: 16' x 8' automatic opener and 12' x 8' manual, plus a private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,180
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$143,600
$143.6K
Cap Rate 7%
$102,571
$102.6K
Cap Rate 9%
$79,778
$79.8K
Market Conditions
NOI Build-Up for 2,275 SF
Gross rent
$9.3K $4.08/SF
− Vacancy
−$835 −$0.37/SF
EGI
$8.4K $3.71/SF
− OpEx
−$1.3K −$0.56/SF
NOI
$7.2K $3.16/SF
Area
Rock County, WI
Vacancy
9.00%
Lease Rate
$4.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$143,600
Cap Rate 7%
$102,571
Cap Rate 9%
$79,778
Alternative Uses
Best Use
Flex RnD
$383.3K
$335.4K – $447.2K
NOI $26,830 @ 7.0% cap · market cap 20.80%
Second Best
Warehouse
$102.6K
$89.8K – $119.7K
NOI $7,180 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$546.7K
$478.4K – $637.8K
NOI $38,269 @ 7.0% cap · market cap 29.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 53534, WI
12,752
Population
5,982
Households
2.1
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
85.2 sq mi
ZIP Area
150
Density / Sq Mi
$94,250
Median Household Income
$53,109
Median Earnings
$1,102
Median Rent
$280,100
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A 2022-built, fully finished, heated unit with insulated overhead doors and reinforced concrete floors for commercial use.
Where is this flex space located?
The property is located at E-505 W Fulton St Edgerton, WI.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: 2022‑built, fully finished commercial unit with 2, 275 SF (35' x 65') of premium workspace; Reinforced concrete floors designed for heavy‑duty use, with full sound and heat insulation between walls and ceiling; Insulated overhead doors: 16' x 8' automatic opener and 12' x 8' manual, plus a private entrance
