Industrial Flex Facility with
For Sale
Contact for pricing
658 N Progress Drive, Saukville, WI 53080
Functional industrial/flex facility with drive-in loading and outdoor storage options and convenient I-43 access.
Property Size8,600 SF
Price / SF$106.40
Days on Market124
Property Features for 658 N Progress Drive
General Information
Standard status
Active
Size
8,600 SF
Property subtype
Industrial
Zoning
M-2 General Manufacturing
Investment Type
Owner/User
Listing Agency:
Founders 3 Real Estate Services Office & Industrial Brokerage Division
Listed By:
Paul McBride · License #WI 94-58204
(414) 249-2305
Source:
Crexi
Added: May 8
Changed: Aug 14
Last Checked: Sep 7 at 4:56AM
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 Founders 3 Real Estate Services Office & Industrial Brokerage Division
Investment Insights
Based on property information with market context.
This functional industrial/flex facility is well-suited for contractor, warehouse, service, or owner/occupier use. The property includes drive-in loading and outdoor storage capabilities, supporting operations that require both flexible space and material staging.
Located at 658 N Progress Drive in Saukville, WI, the facility offers excellent access to I-43, supporting efficient regional connectivity for deliveries and daily operations.
Located at 658 N Progress Drive in Saukville, WI, the facility offers excellent access to I-43, supporting efficient regional connectivity for deliveries and daily operations.
Key Highlights
- Functional industrial/flex facility at 658 N Progress Drive in Saukville, WI
- Drive‑in loading for industrial/flex operations
- Outdoor storage capabilities
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
$37,986
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
4.15%
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%
$759,720
$759.7K
Cap Rate 7%
$542,657
$542.7K
Cap Rate 9%
$422,067
$422.1K
Market Conditions
NOI Build-Up for 8,600 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
$47.0K $5.47/SF
− Vacancy
−$2.4K −$0.27/SF
EGI
$44.7K $5.20/SF
− OpEx
−$6.7K −$0.78/SF
NOI
$38.0K $4.42/SF
Area
Ozaukee 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%
$759,720
Cap Rate 7%
$542,657
Cap Rate 9%
$422,067
Alternative Uses
Best Use
Warehouse
$542.7K
$474.8K – $633.1K
NOI $37,986 @ 7.0% cap · market cap 4.15%
Second Best
Industrial
$447.4K
$391.5K – $521.9K
NOI $31,316 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$2.03M
$1.77M – $2.36M
NOI $141,838 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53080, WI
5,457
Population
2,425
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
98%
High-School Grad
28.6 sq mi
ZIP Area
191
Density / Sq Mi
$82,903
Median Household Income
$45,331
Median Earnings
$959
Median Rent
$291,700
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?
Flex space - Functional industrial/flex facility with drive-in loading and outdoor storage options and convenient I-43 access.
Where is this flex space located?
The property is located at 658 N Progress Drive Saukville, WI.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: Functional industrial/flex facility at 658 N Progress Drive in Saukville, WI; Drive‑in loading for industrial/flex operations; Outdoor storage capabilities
