Three-Unit Insulated
For Sale
$499,999
485 Sunset Rd, Port Washington, WI 53074
Insulated multi-unit warehouse with climate equipment, concrete parking, and outdoor storage area.
Property Size6,480 SF
Lot Size3.10 Acres
Price / SF$77.16
Days on Market8
Property Features for 485 Sunset Rd
General Information
Standard status
Active
Size
6,480 SF
Lot size
3.10 Acres
Site & Location
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Drive-In Doors
3
Conditioned Warehouse
Yes
Taxes and HOA fees
Annual Taxes
$5,667
Building Details
Buildings
1
Building Size
6,480 SF
Listing Agency:
Hollrith Realty, Inc
(262) 689-2625
Listed By:
Scott Hollrith · License #22819-90
(262) 689-2625
Source:
Exprealty
Added: Aug 5
Changed: Aug 12
Last Checked: Aug 12 at 2:57AM
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 Hollrith Realty, Inc
Investment Insights
Based on property information with market context.
This warehouse property contains 6,480 square feet across three separate units, with insulation extending from floor to ceiling. Each unit includes a furnace and A/C unit, supporting flexible storage, workshop, and other enclosed commercial uses. The building has a steel exterior and was constructed 20 years ago.
The property encompasses 3.1 acres at 485 Sunset Rd in Port Washington, Wisconsin. On-site improvements include concrete parking and space for exterior storage. Access is provided by two 10-foot-by-12-foot garage doors and one 12-foot-by-12-foot garage door. Electric and gas service are available to the building.
The property encompasses 3.1 acres at 485 Sunset Rd in Port Washington, Wisconsin. On-site improvements include concrete parking and space for exterior storage. Access is provided by two 10-foot-by-12-foot garage doors and one 12-foot-by-12-foot garage door. Electric and gas service are available to the building.
Key Highlights
- 6,480‑square‑foot warehouse configured as 3 separate units
- Floor‑to‑ceiling insulation in each unit
- Each unit includes a furnace and A/C unit
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
$28,622
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
5.72%
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%
$572,440
$572.4K
Cap Rate 7%
$408,886
$408.9K
Cap Rate 9%
$318,022
$318.0K
Market Conditions
NOI Build-Up for 6,480 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
$35.4K $5.47/SF
− Vacancy
−$1.8K −$0.27/SF
EGI
$33.7K $5.20/SF
− OpEx
−$5.1K −$0.78/SF
NOI
$28.6K $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%
$572,440
Cap Rate 7%
$408,886
Cap Rate 9%
$318,022
Alternative Uses
Best Use
Warehouse
$408.9K
$357.8K – $477.0K
NOI $28,622 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,873 @ 7.0% cap · market cap 21.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53074, WI
13,379
Population
5,859
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
96%
High-School Grad
30.3 sq mi
ZIP Area
442
Density / Sq Mi
$78,944
Median Household Income
$48,089
Median Earnings
$1,024
Median Rent
$276,200
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.
Similar Off Market Nearby
- Maritime Storage Facility — 1112 Bywater Dr, Port Washington, WI 53074
- K & H Storage — 1212 S Park St, Port Washington, WI 53074
- Cole Storage LLC — 1881 Sunset Rd, Port Washington, WI 53074
Frequently Asked Questions
What type of property is this?
Warehouse - Insulated multi-unit warehouse with climate equipment, concrete parking, and outdoor storage area.
Where is this warehouse located?
The property is located at 485 Sunset Rd Port Washington, WI.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 6,480‑square‑foot warehouse configured as 3 separate units; Floor‑to‑ceiling insulation in each unit; Each unit includes a furnace and A/C unit
