Industrial Portfolio with Rubber
For Sale
Contact for pricing
5101 N 124th St, Butler, WI 53007
Two-building industrial portfolio with freeway access and a rubber roof approximately six years old.
Property Size3,840 SF
Price / SF$128.91
Days on Market133
Property Features for 5101 N 124th St
General Information
Standard status
Active
Size
3,840 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Building Details
Buildings
2
Listing Agency:
The Barry Company
(414) 272-6728
Listed By:
Kevin C. Barry, CCIM · License #56067
Source:
Moodyscre
Added: Apr 21
Changed: Aug 31
Last Checked: Aug 31 at 12:22AM
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 Barry Company
Investment Insights
Based on property information with market context.
This industrial portfolio comprises two buildings totaling 3,840 square feet. The property at 5101 N 124th St contains 3,240 square feet, while the companion building at 5105 N 124th St provides an additional 600 square feet. A rubber roof approximately six years old serves the portfolio.
Both properties are located in Butler, Wisconsin, with immediate access to the freeway. The two-building configuration offers a practical industrial footprint across separate addresses within the same portfolio.
Both properties are located in Butler, Wisconsin, with immediate access to the freeway. The two-building configuration offers a practical industrial footprint across separate addresses within the same portfolio.
Key Highlights
- Two‑building industrial portfolio totaling 3,840 square feet
- 3,240‑square‑foot building at 5101 N 124th St
- 600‑square‑foot building at 5105 N 124th St
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
$13,983
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
2.82%
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%
$279,660
$279.7K
Cap Rate 7%
$199,757
$199.8K
Cap Rate 9%
$155,367
$155.4K
Market Conditions
NOI Build-Up for 3,840 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
$21.0K $5.47/SF
− Vacancy
−$1.0K −$0.27/SF
EGI
$20.0K $5.20/SF
− OpEx
−$6.0K −$1.56/SF
NOI
$14.0K $3.64/SF
Area
Waukesha County, WI
Vacancy
4.90%
Lease Rate
$5.47 /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%
$279,660
Cap Rate 7%
$199,757
Cap Rate 9%
$155,367
Alternative Uses
Best Use
Industrial
$199.8K
$174.8K – $233.1K
NOI $13,983 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.96M
$1.71M – $2.29M
NOI $137,188 @ 7.0% cap · market cap 27.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 53007, WI
1,787
Population
907
Households
2
Avg Household Size
42
Median Age
30%
College-Educated
93%
High-School Grad
0.8 sq mi
ZIP Area
2,234
Density / Sq Mi
$55,577
Median Household Income
$41,250
Median Earnings
$937
Median Rent
$216,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Two-building industrial portfolio with freeway access and a rubber roof approximately six years old.
Where is this industrial property located?
The property is located at 5101 N 124th St Butler, WI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two‑building industrial portfolio totaling 3,840 square feet; 3,240‑square‑foot building at 5101 N 124th St; 600‑square‑foot building at 5105 N 124th St
