Manufacturing Property with High
For Sale
$575,000
5296 County Highway P, West Bend, WI 53095
N, West Bend, WI
Property Size8,150 SF
Lot Size0.56 Acres
Price / SF$70.55
Days on Market388
Property Features for 5296 County Highway P
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commerical
Directions
HWY P & RUSCO
Standard status
Active
APN
T13 0920410
Size
8,150 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2690
Amenities
concrete floors
extra-tall ceilings
large overhead doors
three new furnaces
roof warranty through 2034
Building Details
Year built
1980
Architectural style
Other
Listing Agency:
Homestead Realty, Inc
(800) 339-4444
Listed By:
Wendy Wendorf · License #90518-94
(262) 716-6688
Added: Jul 31, 2025
Changed: Aug 20
Last Checked: Aug 22 at 8:06AM
MLS# 1929153
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 8,150-square-foot manufacturing property was built in 1980 with solid block construction, concrete floors, extra-tall ceilings, and large overhead doors. The building is configured as a machine shop and includes three new furnaces. A freshly painted exterior and a roof warranty extending through 2034 add to the property’s current physical profile.
The 0.56-acre site occupies a corner along County Highway P in West Bend, Wisconsin. The property information identifies the zoning as commerical. Its setting combines a highway address with a rural character near the city, while the building’s industrial features support shop, storage, and business uses described in the listing.
The 0.56-acre site occupies a corner along County Highway P in West Bend, Wisconsin. The property information identifies the zoning as commerical. Its setting combines a highway address with a rural character near the city, while the building’s industrial features support shop, storage, and business uses described in the listing.
Key Highlights
- 8,150 square feet of manufacturing space
- 0.56‑acre corner site on County Highway P
- Solid block construction with concrete floors
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
$35,999
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
6.26%
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%
$719,980
$720.0K
Cap Rate 7%
$514,271
$514.3K
Cap Rate 9%
$399,989
$400.0K
Market Conditions
NOI Build-Up for 8,150 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
$44.6K $5.47/SF
− Vacancy
−$2.2K −$0.27/SF
EGI
$42.4K $5.20/SF
− OpEx
−$6.4K −$0.78/SF
NOI
$36.0K $4.42/SF
Area
Washington 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%
$719,980
Cap Rate 7%
$514,271
Cap Rate 9%
$399,989
Alternative Uses
Best Use
Warehouse
$514.3K
$450.0K – $600.0K
NOI $35,999 @ 7.0% cap · market cap 6.26%
Second Best
Industrial
$424.0K
$371.0K – $494.6K
NOI $29,677 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,839 @ 7.0% cap · market cap 27.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
Business Placement
Demographics for 53095, WI
27,269
Population
12,741
Households
2.1
Avg Household Size
45
Median Age
32%
College-Educated
96%
High-School Grad
70.4 sq mi
ZIP Area
387
Density / Sq Mi
$82,219
Median Household Income
$49,779
Median Earnings
$1,015
Median Rent
$286,500
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?
Manufacturing property - Block construction, overhead doors, upgraded heating, and a roof warranty support varied industrial operations.
Where is this manufacturing property located?
The property is located at 5296 County Highway P West Bend, WI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 8,150 square feet of manufacturing space; 0.56‑acre corner site on County Highway P; Solid block construction with concrete floors
