Flex Warehouse and Retail
For Sale
$865,000
E4783 Us Highway 14 And 60, Spring Green, WI
Combination retail display rooms and two warehouse spaces with overhead doors, central air, and separate metered 200-amp electric.
Property Size10,200 SF
Price / SF$84.80
Days on Market180
Property Features for E4783 Us Highway 14 And 60
General Information
Standard status
Active
Size
10,200 SF
Property subtype
Business Opportunity
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,418
Listing Agency:
Driftless Area LLC
Listed By:
Mark Mahoney
(608) 588-5082
Source:
Exprealty
Added: Apr 25
Changed: Oct 15
Last Checked: Oct 19 at 8:25AM
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 Driftless Area LLC
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Investment Insights
Based on property information with market context.
This flex warehouse and retail building offers a mix of front display space and two rear warehouse areas. The building includes approximately 10,200 total square feet plus/minus, with two front display rooms of about 1,500 square feet each and a common bathroom. Each front room has its own furnace and central air. In the back, there are two warehouse spaces of approximately 3,000 and 4,200 square feet plus/minus, and each includes a 12' overhead door and hanging Reznor heaters. Electric service is 200 amps and is metered separately for each warehouse.
The property is located on Hwy 14 just on the edge of Spring Green, with a blacktop driveway and a parking area out front. One warehouse also features a private bathroom with shower and an additional storage room with extra storage above.
Currently, the building is used as a furniture and flooring store, with options to lease out parts of the building.
The property is located on Hwy 14 just on the edge of Spring Green, with a blacktop driveway and a parking area out front. One warehouse also features a private bathroom with shower and an additional storage room with extra storage above.
Currently, the building is used as a furniture and flooring store, with options to lease out parts of the building.
Key Highlights
- Building on Hwy 14 near Spring Green with 2,900 SF+/- retail/display space and 7,200 SF+/- warehouse space
- Front has two 1,500 SF+/- display rooms with common bathroom, each with its own furnace and central air
- Warehouses total 3,000 SF+/- and 4,200 SF+/- and each includes a 12’ overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,578
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,171,560
$1.2M
Cap Rate 7%
$836,829
$836.8K
Cap Rate 9%
$650,867
$650.9K
Market Conditions
NOI Build-Up for 10,200 SF
Gross rent
$96.7K $9.48/SF
− Vacancy
−$6.6K −$0.64/SF
EGI
$90.1K $8.84/SF
− OpEx
−$31.5K −$3.09/SF
NOI
$58.6K $5.74/SF
Area
Sauk County, WI
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,171,560
Cap Rate 7%
$836,829
Cap Rate 9%
$650,867
Alternative Uses
Best Use
Flex RnD
$836.8K
$732.2K – $976.3K
NOI $58,578 @ 7.0% cap · market cap 6.77%
Second Best
Warehouse
$789.6K
$690.9K – $921.2K
NOI $55,270 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,530 @ 7.0% cap · market cap 16.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Combination retail display rooms and two warehouse spaces with overhead doors, central air, and separate metered 200-amp electric.
Where is this flex space located?
The property is located at E4783 Us Highway 14 And 60 Spring Green, WI.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Building on Hwy 14 near Spring Green with 2,900 SF+/- retail/display space and 7,200 SF+/- warehouse space; Front has two 1,500 SF+/- display rooms with common bathroom, each with its own furnace and central air; Warehouses total 3,000 SF+/- and 4,200 SF+/- and each includes a 12’ overhead door
