Building Details

Building Size 4,000 SF

Year Built 1950

Listing Agency: RE/MAX Results d***@gmail.com Show Phone

Listed By: Danika McLaughlin Show Phone

Source: Visionsfirstrealty

Added: Apr 20 Changed: Aug 27 Last Checked: Aug 29 at 5:46AM

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Investment Insights

Based on property information with market context.

This is a 4,000 square foot storage building situated on 1.27 acres. The building is located just off Hwy 2 in Maple and offers visibility from the highway. The building features two levels with predominantly wide open spaces. The property offers potential for various uses with ample space for storage.

Key Highlights

• Large 4,000 sq ft storage building.
• Located on 1.27 acres.
• High visibility from Hwy 2.

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

$16,168

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

8.86%

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%

$323,360 $323.4K

Cap Rate 7%

$230,971 $231.0K

Cap Rate 9%

$179,644 $179.6K

Market Conditions

NOI Build-Up for 4,000 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

$23.5K $5.88/SF

− Vacancy

−$423 −$0.11/SF

EGI

$23.1K $5.77/SF

− OpEx

−$6.9K −$1.73/SF

NOI

$16.2K $4.04/SF

Area

Douglas County, WI

Vacancy

1.80%

Lease Rate

$5.88 /SF/Yr

Expense Ratio

30.00%

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%

$323,360

Cap Rate 7%

$230,971

Cap Rate 9%

$179,644

Alternative Uses

Best Use

Warehouse

$277.3K

$242.7K – $323.5K (±1% cap)

NOI $19,412 @ 7.0% cap · market cap 10.64%

Second Best

Industrial

$231.0K

$202.1K – $269.5K (±1% cap)

NOI $16,168 @ 7.0% cap · market cap 8.86%

Theoretical Best

Specialty Retail

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,282 @ 7.0% cap · market cap 48.37%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Kristie's Party Rental Rental Equipment Company

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Pet Store Pet Store & Service Discount Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

22

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 54854, WI

982

Population

436

Households

2.3

Avg Household Size

44

Median Age

30%

College-Educated

95%

High-School Grad

83.3 sq mi

ZIP Area

12

Density / Sq Mi

$81,500

Median Household Income

$37,813

Median Earnings

$694

Median Rent

$182,900

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - 4,000 SF storage building on 1.27 acres near Hwy 2.

Where is this warehouse located?

The property is located at 4781 S County Road F Maple, WI.

What is the asking price?

The asking price for this property is $182,500.

What are key features of this property?

This property features: Large 4,000 sq ft storage building.; Located on 1.27 acres.; High visibility from Hwy 2.