Machine Shop Warehouse with Overhead
For Sale
$575,000
5296 County Road P, West Bend, WI 53095
Industrial machine shop with concrete floors, extra-tall ceilings, and large overhead doors on a corner lot.
Property Size8,150 SF
Price / SF$70.55
Days on Market404
Property Features for 5296 County Road P
General Information
Standard status
Active
Size
8,150 SF
Taxes and HOA fees
Annual Taxes
$2,689
Listing Agency:
Homestead Realty, Inc
Listed By:
Wendy Wendorf · License #9051894
(262) 716-6688
Source:
Exprealty
Added: Jul 31, 2025
Changed: Aug 20
Last Checked: Sep 6 at 2:15PM
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 Homestead Realty, Inc
Investment Insights
Based on property information with market context.
This solid block machine shop offers industrial functionality for storage and business use, with concrete floors, extra-tall ceilings, and large overhead doors. The exterior has been freshly painted, and the property includes three new furnaces. A roof warranty remains in place through 2034.
The building is situated on a corner lot along County Road P in West Bend, WI 53095.
At the offered size, the space is positioned for an owner-operator or industrial tenant seeking a straightforward layout for equipment and operational storage, supported by the existing mechanical and building envelope items noted above.
The building is situated on a corner lot along County Road P in West Bend, WI 53095.
At the offered size, the space is positioned for an owner-operator or industrial tenant seeking a straightforward layout for equipment and operational storage, supported by the existing mechanical and building envelope items noted above.
Key Highlights
- Industrial machine shop with concrete floors and extra‑tall ceilings
- Large overhead doors for industrial access and use
- Over 8,000 sq ft of space
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
$29,677
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
5.16%
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%
$593,540
$593.5K
Cap Rate 7%
$423,957
$424.0K
Cap Rate 9%
$329,744
$329.7K
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
−$12.7K −$1.56/SF
NOI
$29.7K $3.64/SF
Area
Washington 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%
$593,540
Cap Rate 7%
$423,957
Cap Rate 9%
$329,744
Alternative Uses
Best Use
Industrial
$424.0K
$371.0K – $494.6K
NOI $29,677 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
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
Current Use
Location Intelligence
Trade Area within ½ mile
92
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial machine shop with concrete floors, extra-tall ceilings, and large overhead doors on a corner lot.
Where is this manufacturing property located?
The property is located at 5296 County Road 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: Industrial machine shop with concrete floors and extra‑tall ceilings; Large overhead doors for industrial access and use; Over 8,000 sq ft of space
