Flex Retail and Warehouse
For Sale
$865,000
E4783 Hwy 14, Spring Green, WI 53588
Flex building on Hwy 14 includes two front display rooms and two back warehouses with overhead doors and separate HVAC.
Property Size10,200 SF
Price / SF$84.80
Days on Market272
Property Features for E4783 Hwy 14
General Information
Standard status
Active
Size
10,200 SF
Property subtype
Commercial
Building Details
Year Built
1996
Listing Agency:
Driftless Area LLC
Listed By:
Mark Mahoney
(608) 647-9050
Source:
Madisonareahomelistings
Added: Jan 22
Changed: Oct 1
Last Checked: Oct 20 at 9:39PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial building totals approximately 10,200 square feet and is currently configured for a furniture and flooring store. The front of the building includes two separate display rooms, each with access to a common bathroom. Each display room is served by its own furnace and central air.
The rear portion of the property includes two warehouse areas totaling approximately 3,000 square feet and 4,200 square feet, respectively, and both have a 12-inch overhead door. Each warehouse also features hanging Reznor heaters and 200 amp electric service that is metered separately. One warehouse includes a private bathroom with a shower and a storage room with additional storage above.
An asphalt blacktop driveway and parking area provide convenient access out front. The building is positioned on Hwy 14 just on the edge of Spring Green, offering multiple space options within the same structure.
The rear portion of the property includes two warehouse areas totaling approximately 3,000 square feet and 4,200 square feet, respectively, and both have a 12-inch overhead door. Each warehouse also features hanging Reznor heaters and 200 amp electric service that is metered separately. One warehouse includes a private bathroom with a shower and a storage room with additional storage above.
An asphalt blacktop driveway and parking area provide convenient access out front. The building is positioned on Hwy 14 just on the edge of Spring Green, offering multiple space options within the same structure.
Key Highlights
- Flex building built in 1996 totaling 10,200 SF +/- on Hwy 14 just outside Spring Green
- Two front display rooms (1,500 SF +/- each) with a common bathroom; each has its own furnace and central air
- Two back warehouses: 3,000 SF +/- and 4,200 SF +/-
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
Retail
$1.47M
$1.29M – $1.71M
NOI $102,816 @ 7.0% cap · market cap 11.89%
Second Best
Flex RnD
$836.8K
$732.2K – $976.3K
NOI $58,578 @ 7.0% cap · market cap 6.77%
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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53588, WI
4,139
Population
1,944
Households
2.1
Avg Household Size
50
Median Age
32%
College-Educated
95%
High-School Grad
139.9 sq mi
ZIP Area
30
Density / Sq Mi
$88,359
Median Household Income
$47,407
Median Earnings
$956
Median Rent
$273,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Flex building on Hwy 14 includes two front display rooms and two back warehouses with overhead doors and separate HVAC.
Where is this flex space located?
The property is located at E4783 Hwy 14 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: Flex building built in 1996 totaling 10,200 SF +/- on Hwy 14 just outside Spring Green; Two front display rooms (1,500 SF +/- each) with a common bathroom; each has its own furnace and central air; Two back warehouses: 3,000 SF +/- and 4,200 SF +/-
