Flex Space Commercial Condo with Overhead
W4838 County Road Rr Random Lake, WI 53075
For Sale
$269,900
Newly built flex space with in-floor heat stub, bathroom, and municipal utilities for secure, adaptable use.
Property Size2,000 SF
Price / SF$134.95
Days on Market407
Property Features for W4838 County Road Rr
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Building Details
Year Built
2024
Listing Agency:
Pleasant View Realty, LLC
(920) 912-1064
Listed By:
Heather Zimbal
(920) 912-1064
Source:
Therealtycompanyllc
Added: Jun 18, 2025
Changed: Jul 29
Last Checked: Jul 29 at 7:51PM
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 Pleasant View Realty, LLC
Investment Insights
Based on property information with market context.
This WICKS-built flex space commercial condo offers flexible functionality with a 40x50 footprint totaling 2,000 SF, built in 2024. The unit features 2x6'' walls, a 14-ft overhead door, a paved driveway, and an awning entry. Interior systems are stubbed with in-floor heat and a bathroom, and the property is served by municipal sewer and water plus natural gas and a 200 AMP service.
The condo is located in Random Lake’s Business at Random, LLC Association, just off Hwy 57. Lawn and snow maintenance are included in the condo fees. For regional access, the site is about 20 mi from Road America and about 45 mi from MKE Airport.
Add-on packages are available, including a boiler, interior finish, epoxy, loft, or a full bath, depending on how the space will be finished and used.
The condo is located in Random Lake’s Business at Random, LLC Association, just off Hwy 57. Lawn and snow maintenance are included in the condo fees. For regional access, the site is about 20 mi from Road America and about 45 mi from MKE Airport.
Add-on packages are available, including a boiler, interior finish, epoxy, loft, or a full bath, depending on how the space will be finished and used.
Key Highlights
- 40x50 flex space commercial condo totaling 2,000 SF built in 2024
- 14‑ft overhead door plus paved driveway and awning entry
- Stubbed in‑floor heat and bathroom
Financial Insights For Flex RnD
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 | $28.8k | $14.40 |
| − Vacancy | −$1.6k | −$0.82 |
| EGI | $27.2k | $13.58 |
| − OpEx | −$9.5k | −$4.75 |
| NOI | $17.7k | $8.83 |
2,000 SF · lease $14.40/SF/yr · vacancy 5.70% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$252.2K
$220.7K – $294.2K
NOI $17,653 @ 7.0% cap · market cap 6.54%
Second Best
Warehouse
$217.5K
$190.3K – $253.7K
NOI $15,224 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$435.9K
$381.4K – $508.5K
NOI $30,512 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Newly built flex space with in-floor heat stub, bathroom, and municipal utilities for secure, adaptable use.
Where is this flex space located?
The property is located at W4838 County Road Rr Random Lake, WI.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 40x50 flex space commercial condo totaling 2,000 SF built in 2024; 14‑ft overhead door plus paved driveway and awning entry; Stubbed in‑floor heat and bathroom
