Flex Space for Workshop
For Sale
Contact for pricing
7426 W Donges Bay Rd, Mequon, WI 53092
The property carries B-7 Rural Business District zoning and is positioned for contractor, landscaping, or workshop operations.
Property Size9,300 SF
Price / SF$96.77
Days on Market674
Property Features for 7426 W Donges Bay Rd
General Information
Standard status
Active
Size
9,300 SF
Class
B
Property subtype
Office, Industrial
Zoning
B-7 Rural Business District
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
Founders 3 Real Estate Services Office & Industrial Brokerage Division
(414) 249-2313
Listed By:
Brett Deter · License #WI 90-56341
Source:
Crexi
Added: Oct 26, 2024
Changed: Aug 30
Last Checked: Aug 30 at 10:13AM
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 Founders 3 Real Estate Services Office & Industrial Brokerage Division
Investment Insights
Based on property information with market context.
This flex-space property is suited to contractor, landscaper, and workshop-oriented operations. The source information identifies the asset as a flexible commercial property with practical utility for businesses requiring work-oriented space.
The property is located at 7426 W Donges Bay Rd in Mequon, Wisconsin, within the B-7 Rural Business District zoning designation.
The property is located at 7426 W Donges Bay Rd in Mequon, Wisconsin, within the B-7 Rural Business District zoning designation.
Key Highlights
- Flex space suited to contractor operations
- Appropriate for landscaping businesses
- Workshop‑oriented commercial property
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
$33,865
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
3.76%
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%
$677,300
$677.3K
Cap Rate 7%
$483,786
$483.8K
Cap Rate 9%
$376,278
$376.3K
Market Conditions
NOI Build-Up for 9,300 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
$50.9K $5.47/SF
− Vacancy
−$2.5K −$0.27/SF
EGI
$48.4K $5.20/SF
− OpEx
−$14.5K −$1.56/SF
NOI
$33.9K $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%
$677,300
Cap Rate 7%
$483,786
Cap Rate 9%
$376,278
Alternative Uses
Best Use
Industrial
$483.8K
$423.3K – $564.4K
NOI $33,865 @ 7.0% cap · market cap 3.76%
Second Best
Flex RnD
$445.8K
$390.1K – $520.1K
NOI $31,207 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,383 @ 7.0% cap · market cap 17.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53092, WI
21,052
Population
8,983
Households
2.3
Avg Household Size
50
Median Age
69%
College-Educated
98%
High-School Grad
20.3 sq mi
ZIP Area
1,037
Density / Sq Mi
$126,431
Median Household Income
$70,327
Median Earnings
$1,962
Median Rent
$440,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - The property carries B-7 Rural Business District zoning and is positioned for contractor, landscaping, or workshop operations.
Where is this flex space located?
The property is located at 7426 W Donges Bay Rd Mequon, WI.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Flex space suited to contractor operations; Appropriate for landscaping businesses; Workshop‑oriented commercial property
