Multi-Building Truck
For Sale
$3,499,995
3462 Town Hall Rd, Kewaskum, WI 53040
Three-building facility supports trucking operations and large-vehicle access.
Property Size27,382 SF
Lot Size8.00 Acres
Price / SF$127.82
Days on Market274
Property Features for 3462 Town Hall Rd
General Information
Standard status
Active
Size
27,382 SF
Lot size
8.00 Acres
Additional Details
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$13,333
Building Details
Buildings
3
Listing Agency:
Boss Realty, LLC
(262) 689-0022
Listed By:
Thomas Zernia · License #5745190
(262) 689-0022
Source:
Exprealty
Added: Nov 11, 2025
Changed: Aug 11
Last Checked: Aug 11 at 10:12AM
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 Boss Realty, LLC
Investment Insights
Based on property information with market context.
This truck terminal property encompasses approximately 8 acres (+/-) with three buildings totaling approximately 27,382 square feet (+/-). Building 1 contains approximately 15,284 square feet (+/-), Building 2 contains approximately 8,570 square feet (+/-), and Building 3 contains approximately 3,528 square feet (+/-).
The property is currently home to a trucking company providing brokerage, sales, and service for semi-trucks and trailers. The site includes yard area suited to parking and storage, with access for large vehicles and equipment. Its multi-building configuration supports a range of trucking-related operations across the property.
The property is currently home to a trucking company providing brokerage, sales, and service for semi-trucks and trailers. The site includes yard area suited to parking and storage, with access for large vehicles and equipment. Its multi-building configuration supports a range of trucking-related operations across the property.
Key Highlights
- Approximately 8 acres (+/-) with three buildings
- Three buildings total approximately 27,382 sq ft (+/-)
- Building 1: approximately 15,284 sq ft (+/-)
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
Retail
$4.75M
$4.16M – $5.54M
NOI $332,593 @ 7.0% cap · market cap 9.50%
Second Best
Warehouse
$1.73M
$1.51M – $2.02M
NOI $120,947 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$7.53M
$6.59M – $8.78M
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
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
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Frequently Asked Questions
What type of property is this?
Truck terminal - Three-building facility supports trucking operations and large-vehicle access.
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: Approximately 8 acres (+/-) with three buildings; Three buildings total approximately 27,382 sq ft (+/-); Building 1: approximately 15,284 sq ft (+/-)
