Warehouse on Buildable Residential
For Sale
$349,000
000 Peerless Rd, New Glarus, WI 53574
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 Market92
Property Features for 000 Peerless Rd
General Information
Standard status
Active
Size
1,800 SF
Lot size
5.76 Acres
Property subtype
Land
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$3,119
Listing Agency:
Wisconsin.Properties Realty, LLC
(608) 778-0996
Listed By:
Paul Halberg · License #5760190
(608) 778-0996
Source:
Exprealty
Added: May 13
Changed: Aug 8
Last Checked: Jul 15 at 11:30PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,540
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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
4
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
Questions? Ask Rey
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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
