Flex Condominium with Overhead
W4508 Lakepark Drive #UNIT 20, Fond du Lac, WI 54937
For Sale
New
$205,000
Finished interior space includes heat, water, and a half bath for a range of business operations.
Property Size1,200 SF
Price / SF$170.83
Days on Market1
Property Features for W4508 Lakepark Drive #UNIT 20
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Highway Access
Drive-In Doors
Taxes and HOA fees
Annual Taxes
Amenities
blanket insurance policy
snow removal
lawn care
Building Details
Building Size
Year Built
Listing Agency:
Klapperich Real Estate, Inc.
Listed By:
Cherie A. Buss
(920) 923-6000
Source:
Lamersrealty
Added: Nov 13
Last Checked: Nov 13 at 1:40PM
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 Klapperich Real Estate, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot flex condominium unit was built in 2026. Its finished interior has heat, water, a half bath, and a 14-foot overhead door. The property is located on the northeast side of Fond du Lac, near the Hwy 151 Bypass, Lake Winnebago, and a gas station.
Condominium dues cover a blanket insurance policy, snow removal, and lawn care.
Condominium dues cover a blanket insurance policy, snow removal, and lawn care.
Key Highlights
- 14‑foot overhead door
- 1,200‑square‑foot condominium unit built in 2026
- Finished interior with heat, water, and a half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,904
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,080
$218.1K
Cap Rate 7%
$155,771
$155.8K
Cap Rate 9%
$121,156
$121.2K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$18.0K $15.00/SF
− Vacancy
−$1.2K −$1.02/SF
EGI
$16.8K $13.98/SF
− OpEx
−$5.9K −$4.89/SF
NOI
$10.9K $9.09/SF
Area
Fond du Lac County, WI
Vacancy
6.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,080
Cap Rate 7%
$155,771
Cap Rate 9%
$121,156
Alternative Uses
Best Use
Flex RnD
$155.8K
$136.3K – $181.7K
NOI $10,904 @ 7.0% cap · market cap 5.32%
Second Best
Industrial
$100.7K
$88.1K – $117.4K
NOI $7,046 @ 7.0% cap · market cap 3.44%
Theoretical Best
Healthcare Medical
$261.1K
$228.4K – $304.6K
NOI $18,274 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54937, WI
21,333
Population
9,473
Households
2.3
Avg Household Size
43
Median Age
25%
College-Educated
93%
High-School Grad
120.1 sq mi
ZIP Area
178
Density / Sq Mi
$79,212
Median Household Income
$48,213
Median Earnings
$1,097
Median Rent
$262,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Finished interior space includes heat, water, and a half bath for a range of business operations.
Where is this flex space located?
The property is located at W4508 Lakepark Drive #UNIT 20 Fond du Lac, WI.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 14‑foot overhead door; 1,200‑square‑foot condominium unit built in 2026; Finished interior with heat, water, and a half bath
