Building Details

Year built 1972

Architectural style Other

Listing Agency: Boss Realty, LLC

Listed By: Thomas Zernia Show Phone

Added: Sep 3 Changed: Oct 12 Last Checked: Oct 18 at 10:06PM

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MLS# 1978947

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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.

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 / Yr

$120,947

Cap Rate

3.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,418,940 $2.4M

Cap Rate 7%

$1,727,814 $1.7M

Cap Rate 9%

$1,343,856 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 27,382 SF

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 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 (±1% cap)

NOI $332,593 @ 7.0% cap · market cap 10.23%

Second Best

Warehouse

$1.73M

$1.51M – $2.02M (±1% cap)

NOI $120,947 @ 7.0% cap · market cap 3.72%

Theoretical Best

Office A

$7.53M

$6.59M – $8.78M (±1% cap)

NOI $526,940 @ 7.0% cap · market cap 16.21%

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

Property Analytics

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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

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