Industrial Flex Warehouse
For Sale
$599,900
2000 Industrial Park Rd, Lancaster, WI 53813
Industrial facility with multiple loading options, bonus mezzanine space, and air-conditioned office for manufacturing or distribution.
Property Size9,090 SF
Lot Size1.20 Acres
Price / SF$65
Days on Market87
Property Features for 2000 Industrial Park Rd
General Information
Standard status
Active
Size
9,090 SF
Lot size
1.20 Acres
Warehouse & Industrial
Clear Height
18.5 ft
Dock-High Doors
6
Drive-In Doors
2
Heavy Power
Yes
Building Details
Year Built
2003
Listing Agency:
NAI PFEFFERLE
Listed By:
GREGORY HEDRICH · License #9285894
(608) 844-9063
Source:
Exprealty
Added: Jun 19
Changed: Sep 8
Last Checked: Sep 13 at 1:03PM
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 NAI PFEFFERLE
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.
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 = 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
$53,430
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
8.91%
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%
$1,068,600
$1.1M
Cap Rate 7%
$763,286
$763.3K
Cap Rate 9%
$593,667
$593.7K
Market Conditions
NOI Build-Up for 9,090 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
$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 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%
$1,068,600
Cap Rate 7%
$763,286
Cap Rate 9%
$593,667
Alternative Uses
Best Use
Flex RnD
$995.5K
$871.0K – $1.16M
NOI $69,682 @ 7.0% cap · market cap 11.62%
Second Best
Warehouse
$926.8K
$811.0K – $1.08M
NOI $64,879 @ 7.0% cap · market cap 10.81%
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,155 @ 7.0% cap · market cap 29.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
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
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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
