Food Grade Warehouse
For Sale
Contact for pricing
4014 Enterprise Dr, Janesville, WI 53546
Food grade warehouse with LED lighting, fenced yard, and generator back-up with transfer switch.
Property Size90,000 SF
Lot Size10.10 Acres
Price / SF$75
Days on Market55
Property Features for 4014 Enterprise Dr
General Information
Standard status
Active
Size
90,000 SF
Lot size
10.10 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Amenities
LED Lighting
Food Grade
Fenced Yard
Generator Back-Up
Listing Agency:
Twelve2 Commercial Group
Listed By:
Cale Berg · License #7951694
(262) 436-4760
Source:
Moodyscre
Added: Jul 21
Changed: Sep 8
Last Checked: Sep 13 at 11:47AM
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 Twelve2 Commercial Group
Investment Insights
Based on property information with market context.
This for-sale warehouse facility includes food grade space and LED lighting throughout. The property also features a fenced yard and generator back-up supported by a service rate transfer switch.
Additional land is included for expansion, and the property provides quick access to Interstate 90/Expressway.
The offering totals 90,000 square feet and includes additional acreage for future growth.
Additional land is included for expansion, and the property provides quick access to Interstate 90/Expressway.
The offering totals 90,000 square feet and includes additional acreage for future growth.
Key Highlights
- Food grade warehouse
- LED lighting throughout
- Fenced yard
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
$284,029
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
4.21%
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%
$5,680,580
$5.7M
Cap Rate 7%
$4,057,557
$4.1M
Cap Rate 9%
$3,155,878
$3.2M
Market Conditions
NOI Build-Up for 90,000 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
$367.2K $4.08/SF
− Vacancy
−$33.0K −$0.37/SF
EGI
$334.2K $3.71/SF
− OpEx
−$50.1K −$0.56/SF
NOI
$284.0K $3.16/SF
Area
Rock County, WI
Vacancy
9.00%
Lease Rate
$4.08 /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%
$5,680,580
Cap Rate 7%
$4,057,557
Cap Rate 9%
$3,155,878
Alternative Uses
Best Use
Warehouse
$4.06M
$3.55M – $4.73M
NOI $284,029 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$21.63M
$18.92M – $25.23M
NOI $1,513,944 @ 7.0% cap · market cap 22.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53546, WI
31,190
Population
12,816
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
95%
High-School Grad
81.1 sq mi
ZIP Area
385
Density / Sq Mi
$73,430
Median Household Income
$45,481
Median Earnings
$1,076
Median Rent
$220,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Park Place Investments LLC — 3930 Enterprise Dr, Janesville, WI 53546
Frequently Asked Questions
What type of property is this?
Warehouse - Food grade warehouse with LED lighting, fenced yard, and generator back-up with transfer switch.
Where is this warehouse located?
The property is located at 4014 Enterprise Dr Janesville, WI.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: Food grade warehouse; LED lighting throughout; Fenced yard
