Listing Agency: Founders 3 Real Estate Services Office & Industrial Brokerage Division

Listed By: Paul McBride · License #WI 94-58204 Show Phone

Source: Crexi

Added: May 8 Changed: Oct 17 Last Checked: Oct 23 at 3:28AM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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.

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 / Yr

$37,986

Cap Rate

4.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$759,720 $759.7K

Cap Rate 7%

$542,657 $542.7K

Cap Rate 9%

$422,067 $422.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,600 SF

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 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 (±1% cap)

NOI $37,986 @ 7.0% cap · market cap 4.15%

Second Best

Industrial

$447.4K

$391.5K – $521.9K (±1% cap)

NOI $31,316 @ 7.0% cap · market cap 3.42%

Theoretical Best

Office A

$2.03M

$1.77M – $2.36M (±1% cap)

NOI $141,838 @ 7.0% cap · market cap 15.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Protanic Inc Sustainability Organization Purpora Engineering Sustainability Organization

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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50-Unit Apartment Portfolio

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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