Turn-Key Industrial Building in
For Sale
Contact for pricing
1400 E High St, Milton, WI 53563
Updated industrial building with modern office space and functional warehouse.
Property Size24,280 SF
Price / SF$86.49
Days on Market637
Property Features for 1400 E High St
General Information
Standard status
Active
Size
24,280 SF
Property subtype
Industrial
Zoning
GI
Listing Agency:
Coldwell Banker Commercial McGuire Mears & Associates
(608) 314-8256
Listed By:
Mathew Rogers · License #WI 60385 - 90
Source:
Crexi
Added: Nov 13, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:30AM
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 Coldwell Banker Commercial McGuire Mears & Associates
Investment Insights
Based on property information with market context.
This turn-key industrial building is available for sale in Milton, WI. The updated, single-tenant industrial building offers 24,280 square feet of space, making it an exceptional asset for owner-operators or investors. The property features a modern 2,100 square feet office space and a functional warehouse bay. The warehouse is equipped with one dock door and two drive-in doors for optimized shipping and receiving. The building has a clear ceiling height of 18 feet at the peak. Recent upgrades include energy-efficient LED lighting throughout. Located within the Milton industrial corridor, the site provides access via the WI-26 Highway bypass. With ample parking, this building is suited for manufacturing, warehousing, and distribution needs.
Key Highlights
- Prime location with excellent access to WI‑26 Highway bypass in the Milton Industrial Corridor.
- Turn‑key, move‑in‑ready 24,280 SF industrial building suitable for owner‑operators or investors.
- Modern 2,100 SF office space.
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
$76,625
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
3.65%
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%
$1,532,500
$1.5M
Cap Rate 7%
$1,094,643
$1.1M
Cap Rate 9%
$851,389
$851.4K
Market Conditions
NOI Build-Up for 24,280 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
$99.1K $4.08/SF
− Vacancy
−$8.9K −$0.37/SF
EGI
$90.1K $3.71/SF
− OpEx
−$13.5K −$0.56/SF
NOI
$76.6K $3.16/SF
Area
Rock County, WI
Vacancy
9.00%
Lease Rate
$4.08 /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%
$1,532,500
Cap Rate 7%
$1,094,643
Cap Rate 9%
$851,389
Alternative Uses
Best Use
Warehouse
$1.09M
$957.8K – $1.28M
NOI $76,625 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.83M
$5.11M – $6.81M
NOI $408,428 @ 7.0% cap · market cap 19.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53563, WI
11,503
Population
4,672
Households
2.5
Avg Household Size
42
Median Age
31%
College-Educated
96%
High-School Grad
67.0 sq mi
ZIP Area
172
Density / Sq Mi
$89,397
Median Household Income
$47,742
Median Earnings
$972
Median Rent
$270,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Bart's Storage Rentals — 411 Sunnyside Dr, Milton, WI 53563
Frequently Asked Questions
What type of property is this?
Warehouse - Updated industrial building with modern office space and functional warehouse.
Where is this warehouse located?
The property is located at 1400 E High St Milton, WI.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Prime location with excellent access to WI‑26 Highway bypass in the Milton Industrial Corridor.; Turn‑key, move‑in‑ready 24,280 SF industrial building suitable for owner‑operators or investors.; Modern 2,100 SF office space.
