Building Details

Year built 1972

Architectural style Other

Listing Agency: Boss Realty, LLC T***@BOSSREALTYLLC.COM Show Phone

Listed By: Thomas Zernia · License #5745190 Show Phone

Added: Nov 11, 2025 Changed: Aug 4 Last Checked: Aug 11 at 11:06PM

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MLS# 1942552

Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Truck terminal property on 8.55 acres (+/-) with three buildings totaling approx 27,382 SF (+/-). Building 1 is approx 15,284 SF (+/-), Building 2 is approx 8,570 SF (+/-), and Building 3 is approx 3,528 SF (+/-). The property is currently home to a trucking company serving semi-trucks and trailers, with brokerage, sales, and service activities.

The site offers ample yard area for parking, storage, or expansion, and easy access for large vehicles and equipment. The configuration supports a range of owner-user or tenant uses tied to truck and trailer operations, with flexibility provided by the existing multi-building layout.

Key Highlights

• 8.55‑acre truck terminal with ample yard area for parking, storage, or expansion
• Three buildings totaling approx 27,382 SF (+/-)
• Building 1 approx 15,284 SF (+/-)

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

$120,947

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

3.46%

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%

$2,418,940 $2.4M

Cap Rate 7%

$1,727,814 $1.7M

Cap Rate 9%

$1,343,856 $1.3M

Market Conditions

NOI Build-Up for 27,382 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

$149.8K $5.47/SF

− Vacancy

−$7.5K −$0.27/SF

EGI

$142.3K $5.20/SF

− OpEx

−$21.3K −$0.78/SF

NOI

$120.9K $4.42/SF

Area

Washington County, WI

Vacancy

5.00%

Lease Rate

$5.47 /SF/Yr

Expense Ratio

15.00%

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%

$2,418,940

Cap Rate 7%

$1,727,814

Cap Rate 9%

$1,343,856

Alternative Uses

Best Use

Warehouse

$1.73M

$1.51M – $2.02M (±1% cap)

NOI $120,947 @ 7.0% cap · market cap 3.46%

Second Best

Industrial

$1.42M

$1.25M – $1.66M (±1% cap)

NOI $99,708 @ 7.0% cap · market cap 2.85%

Theoretical Best

Office A

$7.53M

$6.59M – $8.78M (±1% cap)

NOI $526,940 @ 7.0% cap · market cap 15.06%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Wiedmeyer Express, Inc Trucking Company

Suggested Use

Top Pick Parking Lot & Garage Building Supply Auto Repair Shop Electrical Service Big Box & Wholesale Store Furniture & Home Goods

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

41

Businesses Nearby

Explore this area Business Placement

Demographics for 53040, WI

8,358

Population

3,377

Households

2.5

Avg Household Size

44

Median Age

24%

College-Educated

95%

High-School Grad

62.9 sq mi

ZIP Area

133

Density / Sq Mi

$99,425

Median Household Income

$55,637

Median Earnings

$981

Median Rent

$312,500

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

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What type of property is this? Where is this truck terminals located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar For Sale Nearby

Warehouse with Office and Yard

2450 State Road 28, Kewaskum, WI 53040

$1,250,000

19,200 SF

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Multi-Building Truck Terminal

3462 Town Hall Rd, Kewaskum, WI 53040

$3,499,995

27,382 SF

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Frequently Asked Questions

What type of property is this?

Truck terminal - Truck terminal with three buildings and ample yard area for parking, storage, or expansion.

Where is this truck terminal located?

The property is located at 3462 Town Hall Rd Kewaskum, WI.

What is the asking price?

The asking price for this property is $3,499,995.

What are key features of this property?

This property features: 8.55‑acre truck terminal with ample yard area for parking, storage, or expansion; Three buildings totaling approx 27,382 SF (+/-); Building 1 approx 15,284 SF (+/-)