Versatile Business Barn For
For Sale
$229,000
3929 County Road W, Port Washington, WI 53074
5,000 sq ft flex space with subdivision potential.
Property Size5,000 SF
Price / SF$45.80
Days on Market945
Property Features for 3929 County Road W
General Information
Standard status
Active
Size
5,000 SF
Listing Agency:
RE/MAX United - Port Washington
(262) 284-2000
Listed By:
Owen T Didier · License #8430994
(414) 881-3293
Source:
Exprealty
Added: Mar 27, 2024
Changed: Oct 27
Last Checked: Oct 26 at 8:50PM
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 RE/MAX United - Port Washington
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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 50x100 business barn offers 5,000 sq ft of space that can be utilized as a whole or split in half for rental opportunities. Unit #7 features two separate overhead doors and entries. Plumbing is roughed in for two bathrooms and two utility rooms. The unit is being sold as a shell, without heat, drywall, or bathrooms. It includes a 200 amp service, floor drain, and underfloor plumbing.
Key Highlights
- 5,000 sq ft Business Barn offers potential for dual usage.
- Ability to split the unit in half for separate rental income.
- Two separate overhead doors and entries for each potential unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,207
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,140
$364.1K
Cap Rate 7%
$260,100
$260.1K
Cap Rate 9%
$202,300
$202.3K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$27.4K $5.47/SF
− Vacancy
−$1.3K −$0.27/SF
EGI
$26.0K $5.20/SF
− OpEx
−$7.8K −$1.56/SF
NOI
$18.2K $3.64/SF
Area
Ozaukee County, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,140
Cap Rate 7%
$260,100
Cap Rate 9%
$202,300
Alternative Uses
Best Use
Industrial
$260.1K
$227.6K – $303.5K
NOI $18,207 @ 7.0% cap · market cap 7.95%
Second Best
Flex RnD
$239.7K
$209.7K – $279.6K
NOI $16,778 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,464 @ 7.0% cap · market cap 36.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53074, WI
13,379
Population
5,859
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
96%
High-School Grad
30.3 sq mi
ZIP Area
442
Density / Sq Mi
$78,944
Median Household Income
$48,089
Median Earnings
$1,024
Median Rent
$276,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - 5,000 sq ft flex space with subdivision potential.
Where is this flex space located?
The property is located at 3929 County Road W Port Washington, WI.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 5,000 sq ft Business Barn offers potential for dual usage.; Ability to split the unit in half for separate rental income.; Two separate overhead doors and entries for each potential unit.
