Truck Terminal with Three
New
For Sale
$3,250,001
3462 Town Hall Rd, Kewaskum, WI 53040
N, Kewaskum, WI
Property Size27,382 SF
Lot Size8.55 Acres
Price / SF$118.69
Days on Market1
Property Features for 3462 Town Hall Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
HWY 45 , West on HWY D , North on Friendly Dr, West on Town Hall Road
Standard status
Active
APN
T2046000D
Size
27,382 SF
Lot size
8.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14053
Building Details
Year built
1972
Architectural style
Other
Listing Agency:
Boss Realty, LLC
(262) 689-0022
Listed By:
Thomas Zernia · License #5745190
(715) 276-6528
Added: Sep 3
Last Checked: Sep 3 at 2:06PM
MLS# 1978947
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.
This truck terminal includes three buildings totaling 27,382 square feet on an 8.55-acre property. Building 1 contains approximately 15,284 square feet, Building 2 approximately 8,570 square feet, and Building 3 approximately 3,528 square feet. The improvements date to 1972 and are currently used by a trucking company providing brokerage, semi-truck and trailer sales, and service operations.
Located at 3462 Town Hall Rd in Kewaskum, Wisconsin, the property has ample yard area for parking and storage. Its layout provides access for large vehicles and equipment, with additional outdoor space associated with the terminal operation. Commercial zoning supports the property's existing commercial use.
Located at 3462 Town Hall Rd in Kewaskum, Wisconsin, the property has ample yard area for parking and storage. Its layout provides access for large vehicles and equipment, with additional outdoor space associated with the terminal operation. Commercial zoning supports the property's existing commercial use.
Key Highlights
- 27,382‑square‑foot truck terminal on 8.55 acres
- Three buildings measuring approximately 15,284 SF, 8,570 SF, and 3,528 SF
- Current trucking operation includes brokerage, semi‑truck and trailer sales, and service
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
3.72%
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
Retail
$4.75M
$4.16M – $5.54M
NOI $332,593 @ 7.0% cap · market cap 10.23%
Second Best
Warehouse
$1.73M
$1.51M – $2.02M
NOI $120,947 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$7.53M
$6.59M – $8.78M
NOI $526,940 @ 7.0% cap · market cap 16.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Truck terminal - Commercial-zoned truck terminal with substantial yard area and access suited to large vehicles and equipment.
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 $3,250,001.
What are key features of this property?
This property features: 27,382‑square‑foot truck terminal on 8.55 acres; Three buildings measuring approximately 15,284 SF, 8,570 SF, and 3,528 SF; Current trucking operation includes brokerage, semi‑truck and trailer sales, and service
