Warehouse for
For Sale
$3,000,000
525 Norton Dr, Hartland, WI 53029
Warehouse property offered for sale at 525 Norton Dr in Hartland, WI.
Property Size34,000 SF
Days on Market169
Property Features for 525 Norton Dr
General Information
Standard status
Active
Size
34,000 SF
Property subtype
Industrial - Flex - Industrial
Building Details
Building Size
34,000 SF
Year Built
1983
Listing Agency:
Anderson Commercial Group
Listed By:
Alexie Strasser · License #11220494
(414) 425-2700
Source:
Commercialcafe
Added: May 14
Changed: Oct 25
Last Checked: Oct 28 at 4:50AM
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 Anderson Commercial Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property is offered for sale and is located at 525 Norton Dr in Hartland, WI. The offering includes a commercial warehouse asset listed at a total size of 35,000 square feet.
The property is presented as part of the commercial real estate category, with the address serving as the primary location detail for buyers and brokers evaluating the site.
Interested parties should contact the listing broker for additional information on the building’s configuration, current improvements, and any relevant operating details not provided in the available materials.
The property is presented as part of the commercial real estate category, with the address serving as the primary location detail for buyers and brokers evaluating the site.
Interested parties should contact the listing broker for additional information on the building’s configuration, current improvements, and any relevant operating details not provided in the available materials.
Key Highlights
- Warehouse property for sale at 525 Norton Dr, Hartland, WI 53029
- Built in 1983
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,179
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,003,580
$3.0M
Cap Rate 7%
$2,145,414
$2.1M
Cap Rate 9%
$1,668,656
$1.7M
Market Conditions
NOI Build-Up for 34,000 SF
Gross rent
$186.0K $5.47/SF
− Vacancy
−$9.3K −$0.27/SF
EGI
$176.7K $5.20/SF
− OpEx
−$26.5K −$0.78/SF
NOI
$150.2K $4.42/SF
Area
Waukesha 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 Rate 5%
$3,003,580
Cap Rate 7%
$2,145,414
Cap Rate 9%
$1,668,656
Alternative Uses
Best Use
Warehouse
$2.15M
$1.88M – $2.50M
NOI $150,179 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$17.35M
$15.18M – $20.24M
NOI $1,214,682 @ 7.0% cap · market cap 40.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53029, WI
21,239
Population
8,717
Households
2.4
Avg Household Size
43
Median Age
49%
College-Educated
98%
High-School Grad
37.6 sq mi
ZIP Area
565
Density / Sq Mi
$109,778
Median Household Income
$58,923
Median Earnings
$1,126
Median Rent
$449,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property offered for sale at 525 Norton Dr in Hartland, WI.
Where is this warehouse located?
The property is located at 525 Norton Dr Hartland, WI.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Warehouse property for sale at 525 Norton Dr, Hartland, WI 53029; Built in 1983
