Flex Space Condo with 14x14 Garage
For Sale
Contact for pricing
3929 County Rd KW, Port Washington, WI 53074
Brand new flex space condos with water service, individual holding tanks, and 14x14 garage doors.
Property Size5,000 SF
Price / SF$71.98
Days on Market553
Property Features for 3929 County Rd KW
General Information
Standard status
Active
Size
5,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
RE/MAX United LLC - Port Washington
Listed By:
Thomas Didier · License #48026
(262) 284-2000
Source:
Moodyscre
Added: Mar 10, 2025
Changed: Sep 12
Last Checked: Sep 13 at 9:21AM
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 LLC - Port Washington
Investment Insights
Based on property information with market context.
KW Business Barns is a brand new business park subdivision in the Town of Port Washington, offered as flex space condos designed for a range of work and storage needs. Each unit includes 14x14 garage doors with custom windows, plus a half bath and a utility sink roughed in.
The properties are located just north of Exit 100 on County Rd KW at 3929 County Rd KW, Port Washington, WI 53074. All units will have water and individual holding tanks.
The flex configuration and unit buildout can support business use while also accommodating personal storage needs such as hobby items or vehicles. Unit details are consistent across the project, including the garage door size, restroom rough-in, and utility sink preparation.
The properties are located just north of Exit 100 on County Rd KW at 3929 County Rd KW, Port Washington, WI 53074. All units will have water and individual holding tanks.
The flex configuration and unit buildout can support business use while also accommodating personal storage needs such as hobby items or vehicles. Unit details are consistent across the project, including the garage door size, restroom rough-in, and utility sink preparation.
Key Highlights
- Brand new KW Business Barns flex space condos
- 14x14 garage doors with custom windows
- Half bath and utility sink roughed in
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
$18,207
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
5.06%
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%
$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
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
$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 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%
$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 5.06%
Second Best
Flex RnD
$239.7K
$209.7K – $279.6K
NOI $16,778 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,464 @ 7.0% cap · market cap 22.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8
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
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Brand new flex space condos with water service, individual holding tanks, and 14x14 garage doors.
Where is this flex space located?
The property is located at 3929 County Rd KW Port Washington, WI.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Brand new KW Business Barns flex space condos; 14x14 garage doors with custom windows; Half bath and utility sink roughed in
