Leased Commercial Property in
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4105 Transport Way, Weston, WI 54476
Fully leased commercial property with expansion potential in Weston, Wisconsin.
Property Size16,919 SF
Lot Size4.01 Acres
Price / SF$112.29
Days on Market675
Property Features for 4105 Transport Way
General Information
Standard status
Active
Size
16,919 SF
Lot size
4.01 Acres
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$125,664
Building Details
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Transworld Commercial Real Estate
Listed By:
Tim Wimmer · License #WI 56224-90
(715) 849-5544
Source:
Crexi
Added: Nov 7, 2024
Changed: Sep 9
Last Checked: Sep 13 at 6:26AM
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 Transworld Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 4105 Transport Way in Weston, Wisconsin, this commercial property presents an investment opportunity. The 16,919-square-foot building, originally designed as "Contractor Condos," features 12 individual suites available for rent. Each suite includes a 14-foot overhead door and a glass entrance. The building has a ceiling height of 16 feet. The property includes a paved parking lot with ample parking spaces and a monument sign. Situated on a 4.01-acre site, the property has room for an additional building. The building is currently 100% leased to 7 tenants under triple net leases. The property is located off Highway 29 at the Camp Phillips exit.
Key Highlights
- 100% Leased Commercial Property with Triple Net Leases
- Prime Location off Highway 29 at the Camp Phillips Exit
- 16,919 sq ft Building with 12 Individual Suites**
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
$147,593
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
7.77%
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%
$2,951,860
$3.0M
Cap Rate 7%
$2,108,471
$2.1M
Cap Rate 9%
$1,639,922
$1.6M
Market Conditions
NOI Build-Up for 16,919 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
$243.6K $14.40/SF
− Vacancy
−$16.6K −$0.98/SF
EGI
$227.1K $13.42/SF
− OpEx
−$79.5K −$4.70/SF
NOI
$147.6K $8.72/SF
Area
Marathon County, WI
Vacancy
6.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
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%
$2,951,860
Cap Rate 7%
$2,108,471
Cap Rate 9%
$1,639,922
Alternative Uses
Best Use
Flex RnD
$2.11M
$1.84M – $2.46M
NOI $147,593 @ 7.0% cap · market cap 7.77%
Second Best
Industrial
$1.61M
$1.41M – $1.88M
NOI $112,587 @ 7.0% cap · market cap 5.93%
Theoretical Best
Specialty Retail
$3.13M
$2.74M – $3.65M
NOI $218,813 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 54476, WI
19,668
Population
8,574
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
94%
High-School Grad
42.0 sq mi
ZIP Area
468
Density / Sq Mi
$76,132
Median Household Income
$43,962
Median Earnings
$972
Median Rent
$211,300
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 - Fully leased commercial property with expansion potential in Weston, Wisconsin.
Where is this flex space located?
The property is located at 4105 Transport Way Weston, WI.
What is the asking price?
The asking price for this property is $1,899,900.
What are key features of this property?
This property features: 100% Leased Commercial Property with Triple Net Leases; Prime Location off Highway 29 at the Camp Phillips Exit; 16,919 sq ft Building with 12 Individual Suites**
