Listing Agency: Judson & Associates, S.C. Show Phone

Listed By: Miko Janus Show Phone

Source: Moodyscre

Added: Sep 16, 2025 Changed: Oct 25 Last Checked: Oct 28 at 7:22AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Small industrial condo units are available for sale or lease in East Troy. Each unit is configured with a drive-in door and gas heater, providing straightforward, flexible space for a range of light industrial or personal workshop needs. Certain units may be combined to create additional space, depending on how they are selected.

Located at 2460 Executive Dr in East Troy, these condo units are suited for tenants or owners looking for manageable industrial footprints with the ability to scale by combining units. The offering includes flexible sizes and uses, making it a practical fit for storage, contractor space, or a personal workshop/workspace setup.

Key Highlights

• Small industrial condo units in East Troy, available for sale or lease
• Each unit includes a drive‑in door for convenient loading and access
• Units have gas heaters

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,212

Cap Rate

6.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$264,240 $264.2K

Cap Rate 7%

$188,743 $188.7K

Cap Rate 9%

$146,800 $146.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,269 SF

Gross rent

$21.6K $17.04/SF

− Vacancy

−$1.3K −$1.02/SF

EGI

$20.3K $16.02/SF

− OpEx

−$7.1K −$5.61/SF

NOI

$13.2K $10.41/SF

Area

Walworth County, WI

Vacancy

6.00%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$264,240

Cap Rate 7%

$188,743

Cap Rate 9%

$146,800

Alternative Uses

Best Use

Flex RnD

$188.7K

$165.2K – $220.2K (±1% cap)

NOI $13,212 @ 7.0% cap · market cap 6.15%

Second Best

Industrial

$151.4K

$132.5K – $176.6K (±1% cap)

NOI $10,596 @ 7.0% cap · market cap 4.93%

Theoretical Best

Specialty Retail

$244.9K

$214.3K – $285.7K (±1% cap)

NOI $17,143 @ 7.0% cap · market cap 7.97%

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

BNB Motorsports Car Dealership

Suggested Use

Top Pick Auto Repair Shop Plumbing Service Storage Facility (Bike/Boat/Book/etc) Store Furniture & Home Goods Auto Parts 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.

Location Intelligence

Trade Area within ½ mile

76

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 53120, WI

10,024

Population

4,847

Households

2.1

Avg Household Size

45

Median Age

35%

College-Educated

96%

High-School Grad

56.5 sq mi

ZIP Area

177

Density / Sq Mi

$93,397

Median Household Income

$52,521

Median Earnings

$1,425

Median Rent

$310,100

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

Frequently Asked Questions

What type of property is this?

Flex space - Small industrial condo units with drive-in doors and gas heaters, offered for sale or lease.

Where is this flex space located?

The property is located at 2460 Executive Dr East Troy, WI.

What is the asking price?

The asking price for this property is $215,000.

What are key features of this property?

This property features: Small industrial condo units in East Troy, available for sale or lease; Each unit includes a drive‑in door for convenient loading and access; Units have gas heaters