Warehouse with Indoor and Outdoor
For Sale
$750,000
3745 Schuster Dr, West Bend, WI 53090
COMMERCIAL - West Bend, WI
Property Size5,616 SF
Lot Size21.53 Acres
Price / SF$133.55
Days on Market101
Property Features for 3745 Schuster Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
com,und,ag
Directions
HWY 33, North on Wildwood, Northwest on Schuster
Standard status
Active
APN
T2 019700A
Size
5,616 SF
Lot size
21.53 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7537
Building Details
Year built
1993
Architectural style
Other
Listing Agency:
Boss Realty, LLC
(262) 689-0022
Listed By:
Thomas Zernia · License #5745190
(262) 689-0022
Added: May 15
Changed: Aug 4
Last Checked: Aug 23 at 4:06AM
MLS# 1962761
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.
Warehouse offering both indoor and outdoor space for storage, workshops, business operations, or future expansion. The property sits on a 21.53-acre lot and includes 5,616 square feet of building space. Built in 1993, it’s configured to support a range of business and light industrial needs where access to both enclosed work areas and exterior space matters.
The property is located at 3745 Schuster Dr in West Bend, Washington County, near the outskirts of town, with an emphasis on convenient access to modern conveniences while maintaining a more private setting. Zoning is listed as com, und, ag.
Whether you’re looking to operate today or plan for growth, the combination of sizeable land and flexible uses supports a variety of operational concepts, from day-to-day storage and shop work to expansion planning over time.
The property is located at 3745 Schuster Dr in West Bend, Washington County, near the outskirts of town, with an emphasis on convenient access to modern conveniences while maintaining a more private setting. Zoning is listed as com, und, ag.
Whether you’re looking to operate today or plan for growth, the combination of sizeable land and flexible uses supports a variety of operational concepts, from day-to-day storage and shop work to expansion planning over time.
Key Highlights
- 21.53‑acre lot with indoor and outdoor space
- 5,616 SF building area
- Zoning: com, und, ag
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
$24,806
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
3.31%
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%
$496,120
$496.1K
Cap Rate 7%
$354,371
$354.4K
Cap Rate 9%
$275,622
$275.6K
Market Conditions
NOI Build-Up for 5,616 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
$30.7K $5.47/SF
− Vacancy
−$1.5K −$0.27/SF
EGI
$29.2K $5.20/SF
− OpEx
−$4.4K −$0.78/SF
NOI
$24.8K $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%
$496,120
Cap Rate 7%
$354,371
Cap Rate 9%
$275,622
Alternative Uses
Best Use
Warehouse
$354.4K
$310.1K – $413.4K
NOI $24,806 @ 7.0% cap · market cap 3.31%
Second Best
Industrial
$292.1K
$255.6K – $340.8K
NOI $20,450 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,075 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53090, WI
21,478
Population
9,247
Households
2.3
Avg Household Size
43
Median Age
29%
College-Educated
95%
High-School Grad
57.9 sq mi
ZIP Area
371
Density / Sq Mi
$87,786
Median Household Income
$49,156
Median Earnings
$1,132
Median Rent
$267,500
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?
Warehouse - Versatile warehouse property with indoor and outdoor space, zoned for commercial, industrial, and agricultural use.
Where is this warehouse located?
The property is located at 3745 Schuster Dr West Bend, WI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 21.53‑acre lot with indoor and outdoor space; 5,616 SF building area; Zoning: com, und, ag
