Warehouse with Rail
For Sale
$1,985,000
211 APC Way, Columbus, WI 53925
Fenced industrial warehouse offering heated and unheated storage, office space, dock access, and room for expansion.
Property Size20,985 SF
Lot Size5.50 Acres
Price / SF$94.59
Days on Market194
Property Features for 211 APC Way
General Information
Standard status
Active
Size
20,985 SF
Lot size
5.50 Acres
Property subtype
Warehouse
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
17.5 ft
Warehouse Space
20,085 SF
Office Build-Out
900 SF
Dock-High Doors
2
Drive-In Doors
2
Rail Access
Yes
Building Details
Building Size
20,985 SF
Buildings
1
Listing Agency:
Greywolf Partners, Inc.
(608) 338-4410
Listed By:
Steve Turner · License #8874194
(608) 338-4410
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 31
Last Checked: Aug 31 at 12:56AM
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 Greywolf Partners, Inc.
Investment Insights
Based on property information with market context.
This warehouse property comprises 20,085 SF of storage space, including 9,590 SF of heated warehouse area and 10,495 SF of unheated warehouse area. A 900 SF office supports on-site operations, while the building provides 17.5 feet of clear ceiling height, two drive-in doors, and two dock-level doors. The drive-in openings measure 15 feet wide by 14 feet high at the front and 12 feet wide by 14 feet high on the side.
Set on 5.5 acres at 211 APC Way in Columbus, Wisconsin, the property is situated on a rail line with close access to Hwy 151. The lot is fully fenced with a security gate and offers room for expansion. Availability is stated as August 1st, 2021.
Set on 5.5 acres at 211 APC Way in Columbus, Wisconsin, the property is situated on a rail line with close access to Hwy 151. The lot is fully fenced with a security gate and offers room for expansion. Availability is stated as August 1st, 2021.
Key Highlights
- 20,085 SF industrial building with 9,590 SF heated and 10,495 SF unheated warehouse space
- 900 SF office area and 17.5 ft clear ceiling height
- Two drive‑in doors: 15'w x 14'h front and 12'w x 14'h side
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
$168,585
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
8.49%
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%
$3,371,700
$3.4M
Cap Rate 7%
$2,408,357
$2.4M
Cap Rate 9%
$1,873,167
$1.9M
Market Conditions
NOI Build-Up for 20,985 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
$212.6K $10.13/SF
− Vacancy
−$14.2K −$0.68/SF
EGI
$198.3K $9.45/SF
− OpEx
−$29.8K −$1.42/SF
NOI
$168.6K $8.03/SF
Area
Columbia County, WI
Vacancy
6.70%
Lease Rate
$10.13 /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%
$3,371,700
Cap Rate 7%
$2,408,357
Cap Rate 9%
$1,873,167
Alternative Uses
Best Use
Warehouse
$2.41M
$2.11M – $2.81M
NOI $168,585 @ 7.0% cap · market cap 8.49%
Second Best
Industrial
$1.98M
$1.74M – $2.31M
NOI $138,835 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$4.71M
$4.13M – $5.50M
NOI $330,015 @ 7.0% cap · market cap 16.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
17 ft
Clear height
2
Dock-high doors
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53925, WI
8,523
Population
3,766
Households
2.3
Avg Household Size
43
Median Age
30%
College-Educated
95%
High-School Grad
127.1 sq mi
ZIP Area
67
Density / Sq Mi
$86,667
Median Household Income
$54,281
Median Earnings
$852
Median Rent
$258,400
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.
Similar Off Market Nearby
- Vita Plus — 319 N Dickason Blvd, Columbus, WI 53925
- Meister Self Storage — 126 Meister Dr, Columbus, WI 53925
Frequently Asked Questions
What type of property is this?
Warehouse - Fenced industrial warehouse offering heated and unheated storage, office space, dock access, and room for expansion.
Where is this warehouse located?
The property is located at 211 APC Way Columbus, WI.
What is the asking price?
The asking price for this property is $1,985,000.
What are key features of this property?
This property features: 20,085 SF industrial building with 9,590 SF heated and 10,495 SF unheated warehouse space; 900 SF office area and 17.5 ft clear ceiling height; Two drive‑in doors: 15'w x 14'h front and 12'w x 14'h side
