Multi-Building Flex
400 SUSSEX ST Pewaukee, WI 53072
400 SUSSEX ST, Pewaukee, WI, 53072
Contact for pricing
For Sale
Contact for pricing
Versatile flex site with outside storage and multiple buildings, positioned for light industrial and showroom use.
Property Size39,000 SF
Price / SF$64.10
Days on Market50
Property Features for 400 SUSSEX ST
General Information
- Standard status
- Active
- Size
- 39,000 SF
- Property subtype
- Industrial
Listing agency
The Property Advisor
Listed by
Jerry Erdmann · License #WI 38211
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 9:55AM
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 The Property Advisor
Investment Insights
Based on property information with market context.
This flex property for sale includes multiple buildings on one site, totaling approximately 39,000 square feet, and features outside storage for equipment, inventory, or materials. The current owner/user is vacating, providing an opportunity for an incoming tenant or owner-operator to take possession and operate a light industrial, service, warehousing, or showroom business from a consolidated location.
The property is visible from Hwy 16 and offers easy access to the highway. The site is located in the Lake Country area and is zoned B-5 (Light Industrial), supporting a range of practical uses such as contractors service business operations, light manufacturing, warehousing/storage, and showroom with shop space.
Prospective users should note the deed restriction that will apply upon sale, prohibiting the property’s use for boat sales, boat service, or boat storage. With that limitation in place, the site’s combination of flexible building space and outside storage is well suited to organizations that need both shop/warehouse space and a yard for day-to-day operations.
The property is visible from Hwy 16 and offers easy access to the highway. The site is located in the Lake Country area and is zoned B-5 (Light Industrial), supporting a range of practical uses such as contractors service business operations, light manufacturing, warehousing/storage, and showroom with shop space.
Prospective users should note the deed restriction that will apply upon sale, prohibiting the property’s use for boat sales, boat service, or boat storage. With that limitation in place, the site’s combination of flexible building space and outside storage is well suited to organizations that need both shop/warehouse space and a yard for day-to-day operations.
Key Highlights
- Versatile flex property in the Lake Country area with outside storage and multiple buildings on site
- Visible from Hwy 16 with easy access to Hwy 16
- Zoned B‑5 light industrial
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $213.3k | $5.47 |
| − Vacancy | −$10.7k | −$0.27 |
| EGI | $202.7k | $5.20 |
| − OpEx | −$30.4k | −$0.78 |
| NOI | $172.3k | $4.42 |
39,000 SF · lease $5.47/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$19.90M
$17.42M – $23.22M
NOI $1,393,312 @ 7.0% cap · market cap 55.73%
Second Best
Warehouse
$2.46M
$2.15M – $2.87M
NOI $172,264 @ 7.0% cap · market cap 6.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CenterPointe Boat Services
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Versatile flex site with outside storage and multiple buildings, positioned for light industrial and showroom use.
Where is this flex space located?
The property is located at 400 SUSSEX ST Pewaukee, WI.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Versatile flex property in the Lake Country area with outside storage and multiple buildings on site; Visible from Hwy 16 with easy access to Hwy 16; Zoned B‑5 light industrial
