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    Oconomowoc Warehouse For Sale Title is generated by Realmo AI

    1190 Corporate Center Dr, Oconomowoc, WI 53066

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    40,835 SF warehouse/industrial property available for sale.

    Type:Industrial
    Property size:
    40,835 SF
    Price / SF:
    $63/SF
    Added:
    Jul 13, 2024
    Days on Market:
    725
    Last Refresh:
    Jul 4 at 6:09 am

    Property Features for 1190 Corporate Center Dr

    General Information

    Standard status
    Active
    Size
    40,835 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1996

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    Bill Langhoff
    Bill Langhoff

    Listing office Colliers - Milwaukee, Wisconsin

    Listing date Jul 13, 2024

    Source Crexi

    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 Colliers - Milwaukee, Wisconsin

    HighLights

    • Available for sale
    • Year Built: 1996

    Overview

    This property, available for sale, is a warehouse/industrial property with a size of 40,835 square feet. It is located in Oconomowoc, Wisconsin.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $223.4k $5.47
    − Vacancy −$11.2k −$0.27
    EGI $212.2k $5.20
    − OpEx −$31.8k −$0.78
    NOI $180.4k $4.42
    40,835 SF · lease $5.47/SF/yr · vacancy 5.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $2.58M
    $2.25M – $3.01M (±1% cap)
    NOI $180,369 @ 7.0% cap · market cap 6.94%
    Second Best
    Industrial
    $2.12M
    $1.86M – $2.48M (±1% cap)
    NOI $148,696 @ 7.0% cap · market cap 5.72%
    Theoretical Best
    Flex RnD
    $20.84M
    $18.24M – $24.31M (±1% cap)
    NOI $1,458,869 @ 7.0% cap · market cap 56.11%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Silgan Technology Center Industrial Manufacturer

    Suggested Use

    Real Estate Agency Department Store HVAC Service Bar & Pub Furniture & Home Goods Electronics & Wireless Store Hair Salon Barber Shop Wine and Liquor Store Travel Agency

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

    Similar Places Nearby

    • Parkway Storage — 1080 Oconomowoc Pkwy, Oconomowoc, WI 53066

    Location Insight

    • Map
    • Local Demand
    City
    Oconomowoc
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.4736347
    Latitude
    43.0719432

    FAQs

    What type of property is this?
    Warehouse - 40,835 SF warehouse/industrial property available for sale.
    Where is this warehouse located?
    The property is located at 1190 Corporate Center Dr Oconomowoc, WI.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: Available for sale; Year Built: 1996
    (414) 276-9500 Call to check price and availability
    More about this property
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