Industrial Building with Drive-In
2450 S 162nd St, New Berlin, WI 53151
For Sale
Contact for pricing
Metal construction, drive-in access, and M-2 zoning characterize this industrial property.
Property Size13,500 SF
Lot Size1.43 Acres
Price / SF$118.52
Days on Market28
Property Features for 2450 S 162nd St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Building Details
Building Size
Construction
Listing Agency:
The Dickman Company Inc
Listed By:
TJ Huenerbein · License WI 73794-94
Source:
Crexi
Added: Oct 15
Changed: Nov 10
Last Checked: Nov 10 at 8:07AM
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 The Dickman Company Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 13,500-square-foot industrial building has metal construction and drive-in doors. It occupies a 1.43-acre lot and includes 35 parking spaces, with M-2 zoning.
From the property, I-43 is approximately 3.5 miles away via S Moorland Road. I-41 is approximately 4.1 miles away via S Moorland Road and W Cleveland Avenue.
From the property, I-43 is approximately 3.5 miles away via S Moorland Road. I-41 is approximately 4.1 miles away via S Moorland Road and W Cleveland Avenue.
Key Highlights
- 13,500 SF industrial building
- 1.43‑acre lot
- Metal construction with drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,159
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$983,180
$983.2K
Cap Rate 7%
$702,271
$702.3K
Cap Rate 9%
$546,211
$546.2K
Market Conditions
NOI Build-Up for 13,500 SF
Gross rent
$73.8K $5.47/SF
− Vacancy
−$3.6K −$0.27/SF
EGI
$70.2K $5.20/SF
− OpEx
−$21.1K −$1.56/SF
NOI
$49.2K $3.64/SF
Area
Waukesha County, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$983,180
Cap Rate 7%
$702,271
Cap Rate 9%
$546,211
Alternative Uses
Best Use
Industrial
$702.3K
$614.5K – $819.3K
NOI $49,159 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$6.89M
$6.03M – $8.04M
NOI $482,300 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
634
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
$351,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Industrial properties in Waukesha County, WI
Properties on Market for Industrial properties in Waukesha County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Metal construction, drive-in access, and M-2 zoning characterize this industrial property.
Where is this industrial property located?
The property is located at 2450 S 162nd St New Berlin, WI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 13,500 SF industrial building; 1.43‑acre lot; Metal construction with drive‑in doors
