Modern Flex Space
E-505 W Fulton St Edgerton, WI 53534
For Sale
$129,000
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 Market129
Property Features for E-505 W Fulton St
General Information
Standard status
Active
Size
2,275 SF
Listing Agency:
Pat's Realty Inc
(608) 436-4644
Listed By:
Kari Reilly
(608) 436-4644
Source:
Exprealty
Added: Mar 23
Changed: Jul 10
Last Checked: Jul 29 at 3:34PM
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
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $9.3k | $4.08 |
| − Vacancy | −$835 | −$0.37 |
| EGI | $8.4k | $3.71 |
| − OpEx | −$1.3k | −$0.56 |
| NOI | $7.2k | $3.16 |
2,275 SF · lease $4.08/SF/yr · vacancy 9.00% · expense 15.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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
