Oconomowoc Warehouse For
For Sale
Contact for pricing
1190 Corporate Center Dr, Oconomowoc, WI 53066
40,835 SF warehouse/industrial property available for sale.
Property Size40,835 SF
Price / SF$63.67
Days on Market771
Property Features for 1190 Corporate Center Dr
General Information
Standard status
Active
Size
40,835 SF
Property subtype
Industrial
Zoning
BP
Building Details
Year Built
1996
Listing Agency:
Colliers - Milwaukee, Wisconsin
(414) 278-6863
Listed By:
Bill Langhoff · License #WI 94-49255
Source:
Crexi
Added: Jul 13, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:54AM
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
Investment Insights
Based on property information with market context.
This property, available for sale, is a warehouse/industrial property with a size of 40,835 square feet. It is located in Oconomowoc, Wisconsin.
Key Highlights
- Available for sale
- Year Built: 1996
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
$180,369
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
6.94%
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%
$3,607,380
$3.6M
Cap Rate 7%
$2,576,700
$2.6M
Cap Rate 9%
$2,004,100
$2.0M
Market Conditions
NOI Build-Up for 40,835 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
$223.4K $5.47/SF
− Vacancy
−$11.2K −$0.27/SF
EGI
$212.2K $5.20/SF
− OpEx
−$31.8K −$0.78/SF
NOI
$180.4K $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 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%
$3,607,380
Cap Rate 7%
$2,576,700
Cap Rate 9%
$2,004,100
Alternative Uses
Best Use
Warehouse
$2.58M
$2.25M – $3.01M
NOI $180,369 @ 7.0% cap · market cap 6.94%
Second Best
Industrial
$2.12M
$1.86M – $2.48M
NOI $148,696 @ 7.0% cap · market cap 5.72%
Theoretical Best
Flex RnD
$20.84M
$18.24M – $24.31M
NOI $1,458,869 @ 7.0% cap · market cap 56.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Parkway Storage — 1080 Oconomowoc Pkwy, Oconomowoc, WI 53066
Frequently Asked Questions
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
