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

Listed By: Miko Janus Show Phone

Source: Moodyscre

Added: Sep 16, 2025 Changed: Sep 11 Last Checked: Sep 13 at 6:22AM

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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 Judson & Associates, S.C.

Investment Insights

Based on property information with market context.

Small industrial flex space condo units are available for sale or lease in East Troy, WI. Each unit includes a drive-in door and a gas heater, with the option to combine certain units for additional space. The configuration supports a range of storage and light industrial uses.

The property is located at 2460 Executive Dr, East Troy, WI 53120. Available units may be suited for tenants who want dedicated, roll-up access and self-contained heating while keeping flexibility around the total size by combining units when needed. Lease terms are available on an NNN basis.

With drive-in access, gas heat, and flexible unit options, these condos can work well for storage, contractors, or a personal workshop setup.

Key Highlights

• Small industrial flex space condo units for sale or lease in East Troy, WI
• Each unit has a drive‑in door for direct roll‑up access
• Gas heater included in each unit

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

$13,254

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

6.47%

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%

$265,080 $265.1K

Cap Rate 7%

$189,343 $189.3K

Cap Rate 9%

$147,267 $147.3K

Market Conditions

NOI Build-Up for 1,273 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

$21.7K $17.04/SF

− Vacancy

−$1.3K −$1.02/SF

EGI

$20.4K $16.02/SF

− OpEx

−$7.1K −$5.61/SF

NOI

$13.3K $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 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%

$265,080

Cap Rate 7%

$189,343

Cap Rate 9%

$147,267

Alternative Uses

Best Use

Flex RnD

$189.3K

$165.7K – $220.9K (±1% cap)

NOI $13,254 @ 7.0% cap · market cap 6.47%

Second Best

Industrial

$151.8K

$132.9K – $177.2K (±1% cap)

NOI $10,629 @ 7.0% cap · market cap 5.18%

Theoretical Best

Specialty Retail

$245.7K

$215.0K – $286.6K (±1% cap)

NOI $17,197 @ 7.0% cap · market cap 8.39%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

BNB Motorsports Car Dealership

Suggested Use

Top Pick Auto Repair Shop Building Supply Restaurant Auto Parts Store Big Box & Wholesale Store Storage Facility

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Industrial flex condo units with drive-in doors and gas heat, offered for sale or lease with options to combine units.

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 $205,000.

What are key features of this property?

This property features: Small industrial flex space condo units for sale or lease in East Troy, WI; Each unit has a drive‑in door for direct roll‑up access; Gas heater included in each unit