Warehouse with Office and
2450 State Road 28 Kewaskum, WI 53040
2450 State Road 28, Kewaskum, WI, 53040
$1,250,000
For Sale
$1,250,000
Warehouse property includes an office area, two dock doors, and four 12' x 14' drive-in doors on 2.7 acres.
Property Size19,200 SF
Lot Size2.70 Acres
Price / SF$65.10
Days on Market130
Property Features for 2450 State Road 28
General Information
- Standard status
- Active
- Size
- 19,200 SF
- Lot size
- 2.70 Acres
Listing agency
Paradigm Real Estate
(262) 717-5151
Listed by
Brian Parrish
(262) 717-5151
Source
Exprealty
Added: Mar 16 Updated: Jul 22 at 4:37PM Checked: Jul 22 at 4:37PM
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 Paradigm Real Estate
Investment Insights
Based on property information with market context.
This multi-building warehouse property totals 19,200 SF, including a main building of 17,200 SF and a second building of 1,500 SF, along with 2,800 SF of office space. On the warehouse side, improvements include (2) dock doors and (4) drive-in doors measuring 12' x 14'. The facility also has heavy 3-phase/240-volt power service listed at 1,200 amps (TBV). Outside storage is supported by new concrete pads.
Located on Highway 28, the property provides convenient access to major transportation routes serving nearby towns and cities including West Bend and Fond du Lac. The surrounding area includes a mix of industries such as manufacturing, agriculture, and tourism.
Additional details note that rental income from existing tenants may be available.
Located on Highway 28, the property provides convenient access to major transportation routes serving nearby towns and cities including West Bend and Fond du Lac. The surrounding area includes a mix of industries such as manufacturing, agriculture, and tourism.
Additional details note that rental income from existing tenants may be available.
Key Highlights
- 19,200 SF total warehouse building: 17,200 SF main building plus 1,500 SF Building 2
- Office space included totaling 2,800 SF
- 2 dock doors plus four 12' x 14' drive‑in doors
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.0k | $5.47 |
| − Vacancy | −$5.3k | −$0.27 |
| EGI | $99.8k | $5.20 |
| − OpEx | −$15.0k | −$0.78 |
| NOI | $84.8k | $4.42 |
19,200 SF · lease $5.47/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$3.90M
$3.41M – $4.55M
NOI $272,994 @ 7.0% cap · market cap 21.84%
Second Best
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,807 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$5.28M
$4.62M – $6.16M
NOI $369,486 @ 7.0% cap · market cap 29.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Warehouse property includes an office area, two dock doors, and four 12' x 14' drive-in doors on 2.7 acres.
Where is this warehouse located?
The property is located at 2450 State Road 28 Kewaskum, WI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 19,200 SF total warehouse building: 17,200 SF main building plus 1,500 SF Building 2; Office space included totaling 2,800 SF; 2 dock doors plus four 12' x 14' drive‑in doors
