Flex Space with Outdoor
New
For Sale
Contact for pricing
8255 McHenry Street, Burlington, WI 53105
The property combines office and warehouse areas with fenced, gated outdoor storage.
Property Size5,762 SF
Lot Size2.04 Acres
Price / SF$85.91
Days on Market7
Property Features for 8255 McHenry Street
General Information
Standard status
Active
Size
5,762 SF
Lot size
2.04 Acres
Property subtype
Industrial
Zoning
B-3
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
13.5 ft
Warehouse Space
5,362 SF
Office Build-Out
400 SF
Drive-In Doors
2
Amenities
paint booth
Building Details
Year Built
1980
Buildings
1
Building Size
5,762 SF
Listing Agency:
Twelve2 Commercial Group LLC
(262) 510-6586
Listed By:
Nick Steger · License #87831-94
Source:
Crexi
Added: Aug 25
Changed: Aug 31
Last Checked: Aug 31 at 8:58AM
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 Twelve2 Commercial Group LLC
Investment Insights
Based on property information with market context.
This Burlington flex-space property contains 5,762 SF in a building constructed in 1980. The interior includes 400 SF of office space and 5,362 SF of warehouse space, creating a practical blend of administrative and industrial areas. Clear height ranges from 11.5 feet to 13.5 feet, and the building has two drive-in doors. Additional features include floor drains and a paint booth that is included with the property.
The 2.04-acre site provides fenced and gated outdoor storage. Located at 8255 McHenry Street in Burlington, WI, the property carries B-3 zoning and combines enclosed industrial space with usable exterior storage area.
The 2.04-acre site provides fenced and gated outdoor storage. Located at 8255 McHenry Street in Burlington, WI, the property carries B-3 zoning and combines enclosed industrial space with usable exterior storage area.
Key Highlights
- 5,762 SF flex‑space building on a 2.04‑acre lot
- 400 SF of office space and 5,362 SF of warehouse space
- Clear height ranges from 11.5' to 13.5'
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
$34,000
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
6.87%
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%
$680,000
$680.0K
Cap Rate 7%
$485,714
$485.7K
Cap Rate 9%
$377,778
$377.8K
Market Conditions
NOI Build-Up for 5,762 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
$44.9K $7.80/SF
− Vacancy
−$4.9K −$0.86/SF
EGI
$40.0K $6.94/SF
− OpEx
−$6.0K −$1.04/SF
NOI
$34.0K $5.90/SF
Area
Racine County, WI
Vacancy
11.00%
Lease Rate
$7.80 /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%
$680,000
Cap Rate 7%
$485,714
Cap Rate 9%
$377,778
Alternative Uses
Best Use
Flex RnD
$726.5K
$635.7K – $847.6K
NOI $50,858 @ 7.0% cap · market cap 10.27%
Second Best
Warehouse
$485.7K
$425.0K – $566.7K
NOI $34,000 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $96,995 @ 7.0% cap · market cap 19.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53105, WI
29,654
Population
12,995
Households
2.3
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
159.5 sq mi
ZIP Area
186
Density / Sq Mi
$88,798
Median Household Income
$48,254
Median Earnings
$1,029
Median Rent
$295,100
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 - The property combines office and warehouse areas with fenced, gated outdoor storage.
Where is this flex space located?
The property is located at 8255 McHenry Street Burlington, WI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 5,762 SF flex‑space building on a 2.04‑acre lot; 400 SF of office space and 5,362 SF of warehouse space; Clear height ranges from 11.5' to 13.5'
