Building Details

Year Built 2001

Tenancy Multi

Listed By: Mitchell Starczynski, SIOR Show Phone

Source: Nmrk

Added: Apr 1 Changed: Oct 15 Last Checked: Oct 16 at 8:08AM

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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 Mitchell Starczynski, SIOR

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Investment Insights

Based on property information with market context.

2485 Corporate Circle is a light industrial warehouse property containing a 32,200 SF building configured into five units. The asset has been maintained since its construction in 2001 and is currently 100% occupied.

The property is zoned LI - Light Industrial and is positioned in the East Troy area.

For investors or owner-users seeking a multi-unit industrial building, this offering provides a steady, unit-based configuration within an LI zoning designation.

Key Highlights

• 32,200 SF industrial building with 5 units
• Built in 2001 and has been maintained since construction
• Zoned LI – Light Industrial

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$326,469

Cap Rate

9.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,529,380 $6.5M

Cap Rate 7%

$4,663,843 $4.7M

Cap Rate 9%

$3,627,433 $3.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 32,200 SF

Gross rent

$386.4K $12.00/SF

− Vacancy

−$2.3K −$0.07/SF

EGI

$384.1K $11.93/SF

− OpEx

−$57.6K −$1.79/SF

NOI

$326.5K $10.14/SF

Area

Walworth County, WI

Vacancy

0.60%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,529,380

Cap Rate 7%

$4,663,843

Cap Rate 9%

$3,627,433

Alternative Uses

Best Use

Warehouse

$4.66M

$4.08M – $5.44M (±1% cap)

NOI $326,469 @ 7.0% cap · market cap 9.07%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$6.21M

$5.44M – $7.25M (±1% cap)

NOI $434,990 @ 7.0% cap · market cap 12.08%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Law Firm Nail Salon Hair Salon Bakery (Bike/Boat/Book/etc) Store Grocery & Convenience 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.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

60

Businesses Nearby

Under-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

Similar Off Market Nearby

• East Troy Mini Storage — 2832 School St, East Troy, WI 53120

Frequently Asked Questions

What type of property is this?

Warehouse - A 32,200 SF warehouse with five units, built in 2001 and zoned LI - Light Industrial.

Where is this warehouse located?

The property is located at 2485 Corporate Circle East Troy, WI.

What is the asking price?

The asking price for this property is $3,600,000.

What are key features of this property?

This property features: 32,200 SF industrial building with 5 units; Built in 2001 and has been maintained since construction; Zoned LI – Light Industrial