Industrial Distribution
For Sale
$1,900,000
900 Armour Rd, Oconomowoc, WI 53066
Industrial complex with a main building and outbuilding, totaling 23,750 SF, zoned Bus Park Industrial in Oconomowoc, WI.
Property Size23,750 SF
Price / SF$80
Days on Market96
Property Features for 900 Armour Rd
General Information
Standard status
Active
Size
23,750 SF
Building Details
Year Built
1961
Listing Agency:
Property Dynamics/Appraisal Specialists
Listed By:
Erin E Waldron
(262) 490-0670
Source:
Nikolicgroup
Added: Jul 20
Changed: Oct 4
Last Checked: Oct 7 at 3:36PM
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 Property Dynamics/Appraisal Specialists
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Investment Insights
Based on property information with market context.
This industrial complex includes an 18,800 SF main building and a 4,950 SF outbuilding on 1.75 acres, totaling 23,750 SF. The property is described as suitable for manufacturing, warehousing, distribution, or heavy industrial operations. A key feature is a high-voltage, high-amperage electrical service, which supports power-intensive use cases.
The site is located at 900 Armour Rd in Oconomowoc, Wisconsin, and is zoned Bus Park Industrial. The property is also marketed as offering visibility and access within a Waukesha County industrial corridor.
Overall, this is a multi-building industrial offering designed to accommodate a range of industrial users requiring additional site capacity and robust electrical capability.
The site is located at 900 Armour Rd in Oconomowoc, Wisconsin, and is zoned Bus Park Industrial. The property is also marketed as offering visibility and access within a Waukesha County industrial corridor.
Overall, this is a multi-building industrial offering designed to accommodate a range of industrial users requiring additional site capacity and robust electrical capability.
Key Highlights
- Industrial complex on 1.75 acres in Oconomowoc, WI, at 900 Armour Rd.
- Zoned Bus Park Industrial for manufacturing, warehousing, distribution, or heavy industrial use.
- Includes an 18,800 SF main building plus a 4,950 SF outbuilding for 23,750 SF total.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,904
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,098,080
$2.1M
Cap Rate 7%
$1,498,629
$1.5M
Cap Rate 9%
$1,165,600
$1.2M
Market Conditions
NOI Build-Up for 23,750 SF
Gross rent
$129.9K $5.47/SF
− Vacancy
−$6.5K −$0.27/SF
EGI
$123.4K $5.20/SF
− OpEx
−$18.5K −$0.78/SF
NOI
$104.9K $4.42/SF
Area
Waukesha 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%
$2,098,080
Cap Rate 7%
$1,498,629
Cap Rate 9%
$1,165,600
Alternative Uses
Best Use
Warehouse
$1.50M
$1.31M – $1.75M
NOI $104,904 @ 7.0% cap · market cap 5.52%
Second Best
Industrial
$1.24M
$1.08M – $1.44M
NOI $86,483 @ 7.0% cap · market cap 4.55%
Theoretical Best
Flex RnD
$12.12M
$10.61M – $14.14M
NOI $848,491 @ 7.0% cap · market cap 44.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Explore this area
Business Placement
Demographics for 53066, WI
36,595
Population
16,074
Households
2.3
Avg Household Size
45
Median Age
47%
College-Educated
97%
High-School Grad
103.2 sq mi
ZIP Area
355
Density / Sq Mi
$111,348
Median Household Income
$55,563
Median Earnings
$1,263
Median Rent
$402,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial complex with a main building and outbuilding, totaling 23,750 SF, zoned Bus Park Industrial in Oconomowoc, WI.
Where is this manufacturing property located?
The property is located at 900 Armour Rd Oconomowoc, WI.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Industrial complex on 1.75 acres in Oconomowoc, WI, at 900 Armour Rd.; Zoned Bus Park Industrial for manufacturing, warehousing, distribution, or heavy industrial use.; Includes an 18,800 SF main building plus a 4,950 SF outbuilding for 23,750 SF total.
