Climate Controlled Industrial
For Sale
$9,125,000
16000 W Rogers Dr, New Berlin, WI 53151
CLIMATE CONTROLLED INDUSTRIAL FACILITY
Property Size107,435 SF
Lot Size6.93 Acres
Price / SF$84.94
Days on Market137
Property Features for 16000 W Rogers Dr
General Information
Standard status
Active
Property type
Manufacturing properties, Flex space, Warehouses, Industrial properties
Size
107,435 SF
Total Parking Spaces
130
Lot size
6.93 Acres
Building Details
Year Built
1988
Year Renovated
1999
Buildings
1
Listed By:
Brian Flood
(414) 530-5302
Added: May 6
Investment Insights
Based on property information with market context.
This industrial facility, located in New Berlin, Wisconsin, offers 107435 square feet of space on a 6.925-acre lot. The building is fully air-conditioned and features recent upgrades, including two new heat exchange units and a seal-coated parking lot. Compressed air lines run throughout the facility, supported by a Gardner Denver Pilot TS air compressor. The flexible layout and power supply make it suitable for multi-tenant use. On-site amenities include a lunchroom, printer room, and locker rooms. The building is outfitted with humidity control and water purification systems. Furniture and racking are available.
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
$474,543
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
5.20%
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%
$9,490,860
$9.5M
Cap Rate 7%
$6,779,186
$6.8M
Cap Rate 9%
$5,272,700
$5.3M
Market Conditions
NOI Build-Up for 107,435 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
$587.7K $5.47/SF
− Vacancy
−$29.4K −$0.27/SF
EGI
$558.3K $5.20/SF
− OpEx
−$83.7K −$0.78/SF
NOI
$474.5K $4.42/SF
Area
Milwaukee 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%
$9,490,860
Cap Rate 7%
$6,779,186
Cap Rate 9%
$5,272,700
Alternative Uses
Best Use
Flex RnD
$13.50M
$11.81M – $15.75M
NOI $945,021 @ 7.0% cap · market cap 10.36%
Second Best
Warehouse
$6.78M
$5.93M – $7.91M
NOI $474,543 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$25.48M
$22.29M – $29.72M
NOI $1,783,373 @ 7.0% cap · market cap 19.54%
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
480
Businesses Nearby
Explore this area
Business Placement
Demographics for 53151, WI
32,535
Population
14,324
Households
2.3
Avg Household Size
47
Median Age
47%
College-Educated
98%
High-School Grad
17.5 sq mi
ZIP Area
1,859
Density / Sq Mi
$99,248
Median Household Income
$59,197
Median Earnings
$1,424
Median Rent
$351,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - CLIMATE CONTROLLED INDUSTRIAL FACILITY
Where is this manufacturing property located?
The property is located at 16000 W Rogers Dr New Berlin, WI.
What is the asking price?
The asking price for this property is $9,125,000.
