Manufacturing Building with Dock
For Sale
Contact for pricing
200 Chaffee Road, Oconomowoc, WI 53066
Industrial facility offers three-phase power, sprinkler protection, and flexible loading for production, storage, or distribution operations.
Property Size16,800 SF
Lot Size2.67 Acres
Price / SF$89.29
Days on Market124
Property Features for 200 Chaffee Road
General Information
Standard status
Active
Size
16,800 SF
Total Parking Spaces
30
Lot size
2.67 Acres
Property subtype
Industrial
Zoning
I - Industrial
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
19 ft
Dock-High Doors
3
Drive-In Doors
1
Three-Phase Power
Yes
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Building Size
16,800 SF
Listing Agency:
Judson & Associates
(262) 695-8800
Listed By:
Jack Russell · License #WI
Source:
Crexi
Added: Apr 29
Changed: Aug 30
Last Checked: Aug 30 at 11:51AM
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 Judson & Associates
Investment Insights
Based on property information with market context.
This I - Industrial property includes approximately 16,800 square feet within a manufacturing building on 2.67 acres. Improvements include three-phase power, three dock doors, and a 12' x 14' drive-in overhead door. Clear heights span 16' to 19' to the joist, and the building has full sprinkler coverage. The land area provides room for expansion, subject to applicable approvals.
The property is located at 200 Chaffee Road in Oconomowoc, Wisconsin, with access to I-94 and Highway 16. Its position offers connectivity to the Milwaukee and Madison markets. The existing configuration supports manufacturing, warehousing, and distribution uses.
The property is located at 200 Chaffee Road in Oconomowoc, Wisconsin, with access to I-94 and Highway 16. Its position offers connectivity to the Milwaukee and Madison markets. The existing configuration supports manufacturing, warehousing, and distribution uses.
Key Highlights
- Approximately 16,800 SF industrial building on 2.67 acres
- Three‑phase power serving the manufacturing facility
- Three dock doors plus one 12' x 14' drive‑in overhead door
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
$74,206
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
4.95%
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%
$1,484,120
$1.5M
Cap Rate 7%
$1,060,086
$1.1M
Cap Rate 9%
$824,511
$824.5K
Market Conditions
NOI Build-Up for 16,800 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
$91.9K $5.47/SF
− Vacancy
−$4.6K −$0.27/SF
EGI
$87.3K $5.20/SF
− OpEx
−$13.1K −$0.78/SF
NOI
$74.2K $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%
$1,484,120
Cap Rate 7%
$1,060,086
Cap Rate 9%
$824,511
Alternative Uses
Best Use
Warehouse
$1.06M
$927.6K – $1.24M
NOI $74,206 @ 7.0% cap · market cap 4.95%
Second Best
Industrial
$873.9K
$764.7K – $1.02M
NOI $61,175 @ 7.0% cap · market cap 4.08%
Theoretical Best
Flex RnD
$8.57M
$7.50M – $10.00M
NOI $600,196 @ 7.0% cap · market cap 40.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19 ft
Clear height
3
Dock-high doors
1
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 53066, WI
36,595
Population
16,074
Households
2.3
Avg Household Size
45
Median Age
47%
College-Educated
97%
High-School Grad
103.2 sq mi
ZIP Area
355
Density / Sq Mi
$111,348
Median Household Income
$55,563
Median Earnings
$1,263
Median Rent
$402,800
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?
Manufacturing property - Industrial facility offers three-phase power, sprinkler protection, and flexible loading for production, storage, or distribution operations.
Where is this manufacturing property located?
The property is located at 200 Chaffee Road Oconomowoc, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 16,800 SF industrial building on 2.67 acres; Three‑phase power serving the manufacturing facility; Three dock doors plus one 12' x 14' drive‑in overhead door
