Warehouse for
For Sale
$3,000,000
525 Norton Dr, Hartland, WI 53029
Warehouse property offered for sale at 525 Norton Dr in Hartland, WI.
Property Size34,000 SF
Days on Market123
Property Features for 525 Norton Dr
General Information
Standard status
Active
Size
34,000 SF
Property subtype
Industrial - Flex - Industrial
Building Details
Building Size
34,000 SF
Year Built
1983
Listing Agency:
Anderson Commercial Group
Listed By:
Alexie Strasser · License #11220494
(414) 425-2700
Source:
Commercialcafe
Added: May 14
Changed: Sep 10
Last Checked: Sep 13 at 5:27AM
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 Anderson Commercial Group
Investment Insights
Based on property information with market context.
This warehouse property is offered for sale and is located at 525 Norton Dr in Hartland, WI. The offering includes a commercial warehouse asset listed at a total size of 35,000 square feet.
The property is presented as part of the commercial real estate category, with the address serving as the primary location detail for buyers and brokers evaluating the site.
Interested parties should contact the listing broker for additional information on the building’s configuration, current improvements, and any relevant operating details not provided in the available materials.
The property is presented as part of the commercial real estate category, with the address serving as the primary location detail for buyers and brokers evaluating the site.
Interested parties should contact the listing broker for additional information on the building’s configuration, current improvements, and any relevant operating details not provided in the available materials.
Key Highlights
- Warehouse property for sale at 525 Norton Dr, Hartland, WI 53029
- Built in 1983
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
$150,179
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
5.01%
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%
$3,003,580
$3.0M
Cap Rate 7%
$2,145,414
$2.1M
Cap Rate 9%
$1,668,656
$1.7M
Market Conditions
NOI Build-Up for 34,000 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
$186.0K $5.47/SF
− Vacancy
−$9.3K −$0.27/SF
EGI
$176.7K $5.20/SF
− OpEx
−$26.5K −$0.78/SF
NOI
$150.2K $4.42/SF
Area
Waukesha County, WI
Vacancy
5.00%
Lease Rate
$5.47 /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%
$3,003,580
Cap Rate 7%
$2,145,414
Cap Rate 9%
$1,668,656
Alternative Uses
Best Use
Warehouse
$2.15M
$1.88M – $2.50M
NOI $150,179 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$17.35M
$15.18M – $20.24M
NOI $1,214,682 @ 7.0% cap · market cap 40.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53029, WI
21,239
Population
8,717
Households
2.4
Avg Household Size
43
Median Age
49%
College-Educated
98%
High-School Grad
37.6 sq mi
ZIP Area
565
Density / Sq Mi
$109,778
Median Household Income
$58,923
Median Earnings
$1,126
Median Rent
$449,800
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ruth Ehrgott with Your Concierge Team at Realty Executives — 810 Cardinal Ln #110, Hartland, WI 53029
- Stonewood Self Storage — 720 Industrial Ct Suite A, Hartland, WI 53029
- The Stonewood Companies — 720 Industrial Ct, Hartland, WI 53029
- Stor-It Right Hartland — 440 E Industrial Dr, Hartland, WI 53029
- Stonewood Self Storage — 399 Zion St, Hartland, WI 53029
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property offered for sale at 525 Norton Dr in Hartland, WI.
Where is this warehouse located?
The property is located at 525 Norton Dr Hartland, WI.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Warehouse property for sale at 525 Norton Dr, Hartland, WI 53029; Built in 1983
