Building Details

Year built 2024

Flooring type Concrete

Building materials MetalSiding, Steel

Roof type Metal

Additional Structures Storage

Listing Agency: REDMAN REALTY GROUP, LLC a***@redmanrealtygroup.com Show Phone

Listed By: JANEL & SAM PAGELS TEAM · License #50761 - 90 Show Phone

Added: Sep 14 Last Checked: Sep 17 at 2:06PM

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MLS# 219593

Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 2024, this steel warehouse occupies a 0.4694-acre parcel and provides a practical enclosed storage configuration. The building measures 80' x 42' x 16' 8" and includes two 14' overhead doors, two service doors, concrete flooring, metal siding, a metal roof, and electricity. Paved and driveway parking features are included.

The property is positioned along an ATV/UTV and snowmobile trail system and is surrounded by a business-oriented neighborhood. It lies within the Lakeland Sanitary District, where private wells and septic systems are not permitted. Two adjacent lots, one on each side, are also available.

Key Highlights

• 80' x 42' x 16' 8" steel warehouse building
• Two 14' overhead doors plus two service doors
• Built in 2024 with metal siding and metal roof

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

$12,242

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

4.09%

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%

$244,840 $244.8K

Cap Rate 7%

$174,886 $174.9K

Cap Rate 9%

$136,022 $136.0K

Market Conditions

NOI Build-Up for 3,360 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

$15.3K $4.56/SF

− Vacancy

−$919 −$0.27/SF

EGI

$14.4K $4.29/SF

− OpEx

−$2.2K −$0.64/SF

NOI

$12.2K $3.64/SF

Area

Oneida County, WI

Vacancy

6.00%

Lease Rate

$4.56 /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%

$244,840

Cap Rate 7%

$174,886

Cap Rate 9%

$136,022

Alternative Uses

Best Use

Warehouse

$174.9K

$153.0K – $204.0K (±1% cap)

NOI $12,242 @ 7.0% cap · market cap 4.09%

Second Best

—

—

no second resolved use

Theoretical Best

Industrial

$1.57M

$1.38M – $1.83M (±1% cap)

NOI $110,085 @ 7.0% cap · market cap 36.82%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Parking Lot & Garage Electrical Service (Bike/Boat/Book/etc) Store Garden Center Barber Shop Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16 ft

Clear height

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

123

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 54568, WI

5,175

Population

3,855

Households

1.3

Avg Household Size

55

Median Age

36%

College-Educated

96%

High-School Grad

71.2 sq mi

ZIP Area

73

Density / Sq Mi

$71,944

Median Household Income

$45,337

Median Earnings

$791

Median Rent

$262,100

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Warehouse - Nearly new steel warehouse with electrical service, concrete flooring, and paved access near established commercial activity.

Where is this warehouse located?

The property is located at 9247 TOWNLINE RD N Woodruff, WI.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: 80' x 42' x 16' 8" steel warehouse building; Two 14' overhead doors plus two service doors; Built in 2024 with metal siding and metal roof