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    369 Newcomb St Whitewater, WI 53190

    For Sale
    $2,790,000

    30,500 SF Warehouse, 6.5% Cap Rate

    Property size:
    30,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional industrial property, located at 369 N Newcomb St, Whitewater, WI 53190, presents a compelling investment opportunity. The 30,500 square foot warehouse sits on a 2.2-acre lot within the Whitewater Business Park, boasting a desirable M-1 zoning designation. Built in 1975, the building features a spacious warehouse area of approximately 28,000 square feet, equipped with three dock-high doors and two 14-foot drive-in doors, ensuring efficient loading and unloading. Ceiling heights range from 16 to 19 feet, providing ample vertical space for various industrial uses. The property also includes approximately 2,500 square feet of office space, complete with a newly renovated kitchen and break room, ideal for administrative functions. The extensive warehouse space benefits from 1600a/480v, three-phase power. Recent improvements include a repaved parking lot. The asking price is $2,790,000, representing a compelling 6.50% capitalization rate. The current tenant is willing to vacate, offering immediate occupancy potential for the new owner. The property's location in the Whitewater Business Park provides excellent access to transportation and infrastructure, making it an attractive option for a wide range of industrial businesses. The property's APN is /A 45700001. This is a NNN lease property.

    Property Features for 369 Newcomb St

    General Information

    Property type
    Distribution properties
    Square Feet
    30,500 SF
    Lot Size
    95,832 SF

    Building Details

    Year Built
    1975

    HighLights

    • Whitewater Business Park location.
    • 2,500 SF of renovated office space with updated kitchen and breakroom.
    • Newly paved parking lot.
    • 28,000 SF warehouse featuring three dock‑high doors and two 14' drive‑in doors.
    • 16‑19' clear ceiling height.
    • 1600 amp, 480‑volt, three‑phase power.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A-1 Creative Packaging ... Packaging Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Whitewater
    County
    Walworth
    State
    Wisconsin
    Longitude
    -88.7171083
    Latitude
    42.838565

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    FAQs

    What type of property is this?
    Distribution property - 30,500 SF Warehouse, 6.5% Cap Rate
    Where is this distribution property located?
    The property is located at 369 Newcomb St Whitewater, WI.
    What is the asking price?
    The asking price for this property is $2,790,000.
    What are key features of this property?
    This property features: Whitewater Business Park location.; 2,500 SF of renovated office space with updated kitchen and breakroom.; Newly paved parking lot.
    Request Owner's contact information
    369 Newcomb St Whitewater, WI 53190
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    Whitewater, WI 53190
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    369 Newcomb St Whitewater, WI 53190
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