New Warehouse with Overhead
New
For Sale
$159,500
10967 Florsheim Rd, Minocqua, WI 54548
New metal warehouse with insulated overhead access, concrete slab construction, and dedicated electrical service.
Property Size1,440 SF
Price / SF$110.76
Days on Market3
Property Features for 10967 Florsheim Rd
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Land
Building Details
Year Built
2026
Listing Agency:
Inc. - Phillips
(715) 339-2181
Listed By:
Lakeland Realty
(715) 358-5263
Source:
Lakelandrealtywi
Added: Sep 20
Changed: Sep 21
Last Checked: Sep 22 at 5:32PM
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 Inc. - Phillips
Investment Insights
Based on property information with market context.
Completed in 2026, this warehouse occupies a level 0.34-acre wooded parcel in the Town of Minocqua. The 1,440-square-foot metal building measures 30 feet by 48 feet and features a 14-foot ceiling, concrete slab foundation with a floor drain, and a 16-foot-wide by 12-foot-high insulated overhead door with electric opener. Electrical capacity includes 200-amp service.
The property is accessed from a paved town road at 10967 Florsheim Rd, approximately five minutes west of Minocqua. Its setting provides convenient proximity to snowmobile and UTV trails, Minocqua Winter Park, and boat landings serving Lake Shishebogama, Gunlock Lake, Squirrel Lake, and the Fence Lake Chain. Membership in Rockwood Estates CC provides private access to Lake Shishebogama.
The property is accessed from a paved town road at 10967 Florsheim Rd, approximately five minutes west of Minocqua. Its setting provides convenient proximity to snowmobile and UTV trails, Minocqua Winter Park, and boat landings serving Lake Shishebogama, Gunlock Lake, Squirrel Lake, and the Fence Lake Chain. Membership in Rockwood Estates CC provides private access to Lake Shishebogama.
Key Highlights
- 1,440‑square‑foot warehouse on a 0.34‑acre lot
- 30' x 48' metal building with a 14' ceiling
- 16' wide x 12' high insulated overhead door with electric opener
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
$5,247
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
3.29%
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%
$104,940
$104.9K
Cap Rate 7%
$74,957
$75.0K
Cap Rate 9%
$58,300
$58.3K
Market Conditions
NOI Build-Up for 1,440 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
$6.6K $4.56/SF
− Vacancy
−$394 −$0.27/SF
EGI
$6.2K $4.29/SF
− OpEx
−$926 −$0.64/SF
NOI
$5.2K $3.64/SF
Area
Oneida County, WI
Vacancy
6.00%
Lease Rate
$4.56 /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%
$104,940
Cap Rate 7%
$74,957
Cap Rate 9%
$58,300
Alternative Uses
Best Use
Warehouse
$75.0K
$65.6K – $87.5K
NOI $5,247 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$674.0K
$589.7K – $786.3K
NOI $47,179 @ 7.0% cap · market cap 29.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54548, WI
5,406
Population
5,096
Households
1.1
Avg Household Size
56
Median Age
36%
College-Educated
96%
High-School Grad
99.0 sq mi
ZIP Area
55
Density / Sq Mi
$69,784
Median Household Income
$42,378
Median Earnings
$935
Median Rent
$307,700
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?
Warehouse - New metal warehouse with insulated overhead access, concrete slab construction, and dedicated electrical service.
Where is this warehouse located?
The property is located at 10967 Florsheim Rd Minocqua, WI.
What is the asking price?
The asking price for this property is $159,500.
What are key features of this property?
This property features: 1,440‑square‑foot warehouse on a 0.34‑acre lot; 30' x 48' metal building with a 14' ceiling; 16' wide x 12' high insulated overhead door with electric opener
