New Business Park
For Sale
Contact for pricing
3929 County Rd KW, Port Washington, WI
New business park condo in Port Washington, WI for sale.
Property Size2,400 SF
Lot Size39.42 Acres
Price / SF$89.58
Days on Market553
Property Features for 3929 County Rd KW
General Information
Standard status
Active
Size
2,400 SF
Lot size
39.42 Acres
Property subtype
INDUSTRIAL
Listing Agency:
RE/MAX United LLC - Port Washington
Listed By:
Thomas Didier · License #48026
(262) 284-2000
Source:
Moodyscre
Added: Mar 10, 2025
Changed: Sep 2
Last Checked: Sep 13 at 11:55AM
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 RE/MAX United LLC - Port Washington
Investment Insights
Based on property information with market context.
This property is located within KW Business Barns, a new business park subdivision in Port Washington, Wisconsin, situated just north of Exit 100. The available condo units are suited to a variety of unique needs, including supplementing a business, supporting a hobby, or housing an RV, car, or boat collection. Each unit includes water and individual holding tanks. The units feature 14x14 garage doors with custom windows. Each unit also has a half bath and utility sink roughed in. The property size is 2400 square feet.
Key Highlights
- Brand new construction in a premier business park subdivision
- Convenient location just north of Exit 100 in Port Washington
- Versatile space suitable for business, hobbies, or storage
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
$10,601
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
4.93%
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%
$212,020
$212.0K
Cap Rate 7%
$151,443
$151.4K
Cap Rate 9%
$117,789
$117.8K
Market Conditions
NOI Build-Up for 2,400 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
$13.1K $5.47/SF
− Vacancy
−$656 −$0.27/SF
EGI
$12.5K $5.20/SF
− OpEx
−$1.9K −$0.78/SF
NOI
$10.6K $4.42/SF
Area
Ozaukee 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%
$212,020
Cap Rate 7%
$151,443
Cap Rate 9%
$117,789
Alternative Uses
Best Use
Warehouse
$151.4K
$132.5K – $176.7K
NOI $10,601 @ 7.0% cap · market cap 4.93%
Second Best
Industrial
$124.8K
$109.2K – $145.7K
NOI $8,739 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$565.5K
$494.8K – $659.7K
NOI $39,583 @ 7.0% cap · market cap 18.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - New business park condo in Port Washington, WI for sale.
Where is this warehouse located?
The property is located at 3929 County Rd KW Port Washington, WI.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Brand new construction in a premier business park subdivision; Convenient location just north of Exit 100 in Port Washington; Versatile space suitable for business, hobbies, or storage
