Warehouse on Buildable Residential
000 Peerless Rd, New Glarus, WI 53574
For Sale
$349,000
Buildable residential acreage with a 60x30 insulated concrete form warehouse, utilities on site, and wooded, hunting-ready terrain.
Property Size1,800 SF
Lot Size5.76 Acres
Price / SF$193.89
Days on Market183
Property Features for 000 Peerless Rd
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Road Access
Utilities to Site
Additional Details
Drive-In Doors
Taxes and HOA fees
Annual Taxes
Listing Agency:
Wisconsin.Properties Realty, LLC
(608) 512-0104
Listed By:
Paul Halberg · License WI #5760190
(608) 778-0996
Source:
Exprealty
Added: May 13
Changed: Nov 11
Last Checked: Nov 10 at 9:30AM
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 Wisconsin.Properties Realty, 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.
The property is a buildable residential acreage featuring a 60x30 insulated concrete form warehouse with a large 10-foot garage door. Site utilities include a drilled cased well, electric, phone, and internet brought to the property. A partially concreted driveway provides access through two entrances from Peerless Rd.
Located in Primrose Township, the site sits about 3.5 miles north of New Glarus, with additional drive-time distances noted to EPIC in Verona and the Wisconsin State Capital in Madison. The parcel includes wooded landscapes, cliffs with rock outcroppings, and hilly terrain, offering a mix of recreational attributes.
For buyers seeking a flexible property that supports both practical storage and outdoor use, the on-site warehouse layout and vehicle-access door can fit a range of light commercial or hobby storage needs, while the grounds are described as suitable for hunting and horses are allowed. The combination of existing improvements, utilities, and rugged natural features makes this property worth reviewing for operators who want utility-supported space with recreational capability.
Located in Primrose Township, the site sits about 3.5 miles north of New Glarus, with additional drive-time distances noted to EPIC in Verona and the Wisconsin State Capital in Madison. The parcel includes wooded landscapes, cliffs with rock outcroppings, and hilly terrain, offering a mix of recreational attributes.
For buyers seeking a flexible property that supports both practical storage and outdoor use, the on-site warehouse layout and vehicle-access door can fit a range of light commercial or hobby storage needs, while the grounds are described as suitable for hunting and horses are allowed. The combination of existing improvements, utilities, and rugged natural features makes this property worth reviewing for operators who want utility-supported space with recreational capability.
Key Highlights
- 5.76‑acre buildable residential property in Primrose Township
- 60x30 insulated concrete form building with a large 10 ft garage door
- Utilities on site include electric, phone, and internet, plus a drilled/cased well
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,540
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,800
$230.8K
Cap Rate 7%
$164,857
$164.9K
Cap Rate 9%
$128,222
$128.2K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$14.0K $7.80/SF
− Vacancy
−$463 −$0.26/SF
EGI
$13.6K $7.54/SF
− OpEx
−$2.0K −$1.13/SF
NOI
$11.5K $6.41/SF
Area
Green County, WI
Vacancy
3.30%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,800
Cap Rate 7%
$164,857
Cap Rate 9%
$128,222
Alternative Uses
Best Use
Warehouse
$164.9K
$144.3K – $192.3K
NOI $11,540 @ 7.0% cap · market cap 3.31%
Second Best
Industrial
$135.8K
$118.8K – $158.4K
NOI $9,504 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$525.8K
$460.1K – $613.4K
NOI $36,806 @ 7.0% cap · market cap 10.55%
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
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 53574, WI
4,113
Population
1,617
Households
2.5
Avg Household Size
44
Median Age
41%
College-Educated
98%
High-School Grad
43.4 sq mi
ZIP Area
95
Density / Sq Mi
$103,246
Median Household Income
$56,860
Median Earnings
$969
Median Rent
$315,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Buildable residential acreage with a 60x30 insulated concrete form warehouse, utilities on site, and wooded, hunting-ready terrain.
Where is this residential land & home lot located?
The property is located at 000 Peerless Rd New Glarus, WI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 5.76‑acre buildable residential property in Primrose Township; 60x30 insulated concrete form building with a large 10 ft garage door; Utilities on site include electric, phone, and internet, plus a drilled/cased well
