Industrial Building with Crane
For Sale
Contact for pricing
6667 N Teutonia Ave, Milwaukee, WI 53209
22,000 SF industrial building with cranes on 2.5 acres.
Property Size22,000 SF
Lot Size2.50 Acres
Price / SF$54.55
Days on Market78
Property Features for 6667 N Teutonia Ave
General Information
Standard status
Active
Size
22,000 SF
Lot size
2.50 Acres
Property subtype
Industrial
Listing Agency:
The Barry Company
(414) 828-2500
Listed By:
David Bartelt · License #114296-94
Source:
Crexi
Added: May 26
Changed: Aug 8
Last Checked: Jul 16 at 2:35AM
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 The Barry Company
Investment Insights
Based on property information with market context.
Located at 6667 N Teutonia Ave in Milwaukee, Wisconsin, this industrial building offers approximately 22,000 square feet of space. The property features masonry construction and a ceiling height of approximately 16 feet. It includes heavy power and approximately 2,000 square feet of office space. The facility is equipped with two 5-ton cranes, one 10-ton crane, and jib cranes. Access is facilitated by four drive-in doors and one dock door, and the building includes floor drains. Situated on a 2.5 acre parcel in a major industrial corridor, the property provides a large fenced-in lot suitable for outside storage. The location is approximately five minutes from the freeway.
Key Highlights
- Rare 2.5 acre parcel in a major industrial corridor with a large fenced‑in lot for outside storage.
- Equipped with two 5‑ton cranes and one 10‑ton crane, plus jib cranes.
- Heavy power supply** suitable for industrial operations.
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
$80,843
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
6.74%
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%
$1,616,860
$1.6M
Cap Rate 7%
$1,154,900
$1.2M
Cap Rate 9%
$898,256
$898.3K
Market Conditions
NOI Build-Up for 22,000 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
$121.4K $5.52/SF
− Vacancy
−$6.0K −$0.27/SF
EGI
$115.5K $5.25/SF
− OpEx
−$34.6K −$1.57/SF
NOI
$80.8K $3.67/SF
Area
ZIP 53209
Vacancy
4.90%
Lease Rate
$5.52 /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%
$1,616,860
Cap Rate 7%
$1,154,900
Cap Rate 9%
$898,256
Alternative Uses
Best Use
Office B
$3.59M
$3.14M – $4.19M
NOI $251,559 @ 7.0% cap · market cap 20.96%
Second Best
Industrial
$1.15M
$1.01M – $1.35M
NOI $80,843 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$5.29M
$4.63M – $6.17M
NOI $370,075 @ 7.0% cap · market cap 30.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 53209, WI
44,586
Population
21,466
Households
2.1
Avg Household Size
37
Median Age
25%
College-Educated
89%
High-School Grad
10.9 sq mi
ZIP Area
4,090
Density / Sq Mi
$45,288
Median Household Income
$33,854
Median Earnings
$980
Median Rent
$150,200
Median Home Value
Market
Vacancy Rate% for Office in Milwaukee, WI
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 22,000 SF industrial building with cranes on 2.5 acres.
Where is this manufacturing property located?
The property is located at 6667 N Teutonia Ave Milwaukee, WI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Rare 2.5 acre parcel in a major industrial corridor with a large fenced‑in lot for outside storage.; Equipped with **two 5‑ton cranes and one 10‑ton crane**, plus jib cranes.; Heavy power supply** suitable for industrial operations.
