Building Details

Year Built 2003

Listing Agency: NAI PFEFFERLE a***@naipfefferle.com

Listed By: GREGORY HEDRICH · License #9285894 Show Phone

Source: Exprealty

Added: Jun 19 Changed: Oct 26 Last Checked: Oct 28 at 3:02PM

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Investment Insights

Based on property information with market context.

This industrial flex warehouse facility was built in 2003 and offers clear heights up to 18.5 feet, supporting a range of manufacturing, warehousing, or distribution uses. The property includes 9,090 square feet of industrial space, plus an additional ±1,440 square feet of bonus mezzanine area. An 840 square foot air-conditioned office with a restroom is also included.

Operational convenience is supported by six loading docks, including two equipped with dock levelers, as well as two drive-in overhead doors sized 12' x 12' and 12' x 10'. Electrical service features 250 Amp, 480V, 3-phase power suited to manufacturing and fabrication.

The site is approximately 1.2 acres, providing room for on-site use alongside the facility’s loading and flexible interior configuration.

Key Highlights

• 9,090 SF industrial facility on 1.2 acres with built‑in 2003 construction and clear heights up to 18.5'
• Bonus mezzanine space of approximately 1,440 SF
• 840 SF air‑conditioned office space with restroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$53,430

Cap Rate

8.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,068,600 $1.1M

Cap Rate 7%

$763,286 $763.3K

Cap Rate 9%

$593,667 $593.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,090 SF

Gross rent

$81.8K $9.00/SF

− Vacancy

−$5.5K −$0.60/SF

EGI

$76.3K $8.40/SF

− OpEx

−$22.9K −$2.52/SF

NOI

$53.4K $5.88/SF

Area

Grant County, WI

Vacancy

6.70%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,068,600

Cap Rate 7%

$763,286

Cap Rate 9%

$593,667

Alternative Uses

Best Use

Flex RnD

$995.5K

$871.0K – $1.16M (±1% cap)

NOI $69,682 @ 7.0% cap · market cap 11.62%

Second Best

Warehouse

$926.8K

$811.0K – $1.08M (±1% cap)

NOI $64,879 @ 7.0% cap · market cap 10.81%

Theoretical Best

Office A

$2.52M

$2.20M – $2.94M (±1% cap)

NOI $176,155 @ 7.0% cap · market cap 29.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Great River Plastics ... Factory

Suggested Use

Top Pick Big Box & Wholesale Store Parking Lot & Garage Pharmacy Kitchen & Bath Showroom HVAC Service Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18 ft

Clear height

6

Dock-high doors

2

Drive-in doors

Yes

Heavy power

Location Intelligence

Trade Area within ½ mile

44

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 53813, WI

6,267

Population

2,430

Households

2.6

Avg Household Size

41

Median Age

25%

College-Educated

94%

High-School Grad

144.3 sq mi

ZIP Area

43

Density / Sq Mi

$80,946

Median Household Income

$45,441

Median Earnings

$803

Median Rent

$204,900

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Industrial facility with multiple loading options, bonus mezzanine space, and air-conditioned office for manufacturing or distribution.

Where is this flex space located?

The property is located at 2000 Industrial Park Rd Lancaster, WI.

What is the asking price?

The asking price for this property is $599,900.

What are key features of this property?

This property features: 9,090 SF industrial facility on 1.2 acres with built‑in 2003 construction and clear heights up to 18.5'; Bonus mezzanine space of approximately 1,440 SF; 840 SF air‑conditioned office space with restroom