Three-Unit Insulated
For Sale
$499,999
485 Sunset Rd, Port Washington, WI 53074
Y, Port Washington, WI
Property Size6,480 SF
Lot Size3.10 Acres
Price / SF$77.16
Days on Market51
Property Features for 485 Sunset Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B3
Directions
HWY 32 to Sunset Rd west to address
Standard status
Active
APN
160330701500
Size
6,480 SF
Lot size
3.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5667
Building Details
Year built
2005
Architectural style
Other
Listing Agency:
Hollrith Realty, Inc
(262) 377-3338
Listed By:
Scott Hollrith · License #2281990
(262) 689-2625
Added: Aug 5
Changed: Aug 19
Last Checked: Sep 24 at 7:06AM
MLS# 1975116
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse property contains 6,480 square feet arranged as three separate units. Each unit is insulated from floor to ceiling and covered with steel, with its own furnace and A/C unit. Access includes two garage doors measuring 10 feet by 12 feet and a third measuring 12 feet by 12 feet. Concrete parking is provided, and the 3.1-acre site includes space for exterior storage. Built in 2005, the property has electric and gas service and is zoned B3.
Located at 485 Sunset Rd in Port Washington, Wisconsin, the property combines multiple enclosed areas with individual climate equipment, garage access, concrete parking, and additional site area. The configuration supports storage, warehousing, and hobby-oriented uses identified for the property.
Located at 485 Sunset Rd in Port Washington, Wisconsin, the property combines multiple enclosed areas with individual climate equipment, garage access, concrete parking, and additional site area. The configuration supports storage, warehousing, and hobby-oriented uses identified for the property.
Key Highlights
- 6,480 square feet configured as 3 separate warehouse units
- All 3 units are insulated from floor to ceiling and covered with steel
- 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
Industrial
$337.1K
$295.0K – $393.3K
NOI $23,596 @ 7.0% cap · market cap 4.72%
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
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Current Use
Lease Details
3
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Well-served
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
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
- 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 - Three enclosed units provide flexible storage space with individual heating and cooling equipment.
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 feet configured as 3 separate warehouse units; All 3 units are insulated from floor to ceiling and covered with steel; Each unit includes a furnace and A/C unit
