Two-Tenant Flex
New
For Sale
$2,250,000
6417 Stockhausen Ln, West Bend, WI 53095
COMMERCIAL - West Bend, WI
Property Size16,330 SF
Lot Size1.30 Acres
Price / SF$137.78
Days on Market1
Property Features for 6417 Stockhausen Ln
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Manufacturing
Directions
HWY 43, to Hwy 33, West, South on Stockhausen Lane
Standard status
Active
APN
T11050700K
Size
16,330 SF
Lot size
1.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6205
Building Details
Year built
1996
Architectural style
Other
Listing Agency:
Boss Realty, LLC
(262) 689-0022
Listed By:
Thomas Zernia · License #5745190
(262) 689-0022
Added: Aug 11
Last Checked: Aug 11 at 5:06PM
MLS# 1975638
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 flex space in West Bend is arranged for two tenants and totals 16,330 square feet. The property includes approximately 12,860 square feet of warehouse area alongside 3,470 square feet of office space, creating a balanced industrial and administrative layout. The building was constructed in 1996 and sits on 1.3 acres.
Located at 6417 Stockhausen Ln, the property carries Manufacturing zoning and is identified within Washington County. Its combination of warehouse and office components supports a range of commercial operations that require both work areas and administrative space.
Located at 6417 Stockhausen Ln, the property carries Manufacturing zoning and is identified within Washington County. Its combination of warehouse and office components supports a range of commercial operations that require both work areas and administrative space.
Key Highlights
- Two‑tenant flex space totaling 16,330 square feet
- Approximately 12,860 SF of warehouse space
- Approximately 3,470 SF of office 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
$72,130
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
3.21%
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%
$1,442,600
$1.4M
Cap Rate 7%
$1,030,429
$1.0M
Cap Rate 9%
$801,444
$801.4K
Market Conditions
NOI Build-Up for 16,330 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
$89.3K $5.47/SF
− Vacancy
−$4.5K −$0.27/SF
EGI
$84.9K $5.20/SF
− OpEx
−$12.7K −$0.78/SF
NOI
$72.1K $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%
$1,442,600
Cap Rate 7%
$1,030,429
Cap Rate 9%
$801,444
Alternative Uses
Best Use
Office B
$3.32M
$2.90M – $3.87M
NOI $232,187 @ 7.0% cap · market cap 10.32%
Second Best
Warehouse
$1.03M
$901.6K – $1.20M
NOI $72,130 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$4.49M
$3.93M – $5.24M
NOI $314,255 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Dock-high doors
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Balanced
Demand for This Use
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 Office 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?
Flex space - Manufacturing-zoned property combines warehouse capacity with dedicated office areas in a two-tenant configuration.
Where is this flex space located?
The property is located at 6417 Stockhausen Ln West Bend, WI.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Two‑tenant flex space totaling 16,330 square feet; Approximately 12,860 SF of warehouse space; Approximately 3,470 SF of office space
