High-Visibility Warehouse
For Sale
Contact for pricing
735 W Main, Waupun, WI 53963
For sale warehouse building with easy ingress/egress and strong street presence on W Main in Waupun.
Property Size1,674 SF
Price / SF$101.49
Days on Market54
Property Features for 735 W Main
General Information
Standard status
Active
Size
1,674 SF
Total Parking Spaces
6
Property subtype
Retail, Office, Industrial
Building Details
Year Built
999
Units
1
Listing Agency:
Weichert Realtors
(608) 393-9372
Listed By:
Mike Weyh · License #WI 94-47937
Source:
Crexi
Added: Jul 3
Changed: Aug 20
Last Checked: Aug 24 at 8:37AM
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 Weichert Realtors
Investment Insights
Based on property information with market context.
For sale warehouse building positioned for high visibility, with easy ingress/egress and strong street presence. The property is presented as investor ready, and buyers should verify measurements if they are important.
Located at 735 W Main in Waupun, Wisconsin, the site is described in public remarks as being surrounded by established businesses and steady consumer flow, supporting its visibility from the street.
Transaction notes in the remarks indicate buyer should confirm any dimensions, and that earnest money submission terms reference Trustfund preference.
Located at 735 W Main in Waupun, Wisconsin, the site is described in public remarks as being surrounded by established businesses and steady consumer flow, supporting its visibility from the street.
Transaction notes in the remarks indicate buyer should confirm any dimensions, and that earnest money submission terms reference Trustfund preference.
Key Highlights
- Warehouse building for sale with easy ingress/egress
- Strong street presence on W Main in Waupun
- Located on W Main in Waupun, with straightforward access for customers and deliveries
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
$12,076
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
7.11%
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%
$241,520
$241.5K
Cap Rate 7%
$172,514
$172.5K
Cap Rate 9%
$134,178
$134.2K
Market Conditions
NOI Build-Up for 1,674 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
$15.1K $9.00/SF
− Vacancy
−$859 −$0.51/SF
EGI
$14.2K $8.49/SF
− OpEx
−$2.1K −$1.27/SF
NOI
$12.1K $7.21/SF
Area
Dodge County, WI
Vacancy
5.70%
Lease Rate
$9.00 /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%
$241,520
Cap Rate 7%
$172,514
Cap Rate 9%
$134,178
Alternative Uses
Best Use
Warehouse
$172.5K
$151.0K – $201.3K
NOI $12,076 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$363.7K
$318.2K – $424.3K
NOI $25,456 @ 7.0% cap · market cap 14.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53963, WI
14,078
Population
4,807
Households
2.9
Avg Household Size
39
Median Age
16%
College-Educated
91%
High-School Grad
89.8 sq mi
ZIP Area
157
Density / Sq Mi
$73,945
Median Household Income
$43,686
Median Earnings
$839
Median Rent
$182,900
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.
Similar Off Market Nearby
- Badger Mini Storage of Waupun — 1348 W Brown St, Waupun, WI 53963
- Farmers Elevator Co — 2 W Main St, Waupun, WI 53963
- Mr Storage — 4 E Franklin St, Waupun, WI 53963
Frequently Asked Questions
What type of property is this?
Warehouse - For sale warehouse building with easy ingress/egress and strong street presence on W Main in Waupun.
Where is this warehouse located?
The property is located at 735 W Main Waupun, WI.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Warehouse building for sale with easy ingress/egress; Strong street presence on W Main in Waupun; Located on W Main in Waupun, with straightforward access for customers and deliveries
