Industrial Warehouse with
For Sale
Contact for pricing
9770 S 20th St, Oak Creek, WI 53154
M-1 PUD zoning and three-phase 480V, 800 AMP power support industrial operations.
Property Size48,648 SF
Price / SF$67.83
Days on Market10
Property Features for 9770 S 20th St
General Information
Standard status
Active
Size
48,648 SF
Property subtype
INDUSTRIAL
Zoning
M-1 PUD
Warehouse & Industrial
Office Build-Out
1,800 SF
Power
800 amps
Voltage
480 V
Three-Phase Power
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
48,648 SF
Listing Agency:
Colliers - Milwaukee
(262) 951-6497
Listed By:
Jan Kadow · License #5027590
(262) 951-6497
Source:
Moodyscre
Added: Aug 11
Changed: Aug 17
Last Checked: Aug 20 at 2:01PM
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
Investment Insights
Based on property information with market context.
This ±48,648-square-foot warehouse includes approximately 1,800 square feet of office area, a mezzanine for added storage, and a 10,000-square-foot addition completed in 2014. The facility is served by three-phase power rated at 480V and 800 AMP, supporting a range of industrial requirements.
Located at 9770 S 20th St in Oak Creek, the property is approximately 1 mile from Interstate 94/41, providing direct access to a major regional transportation route. M-1 PUD zoning is in place for the property.
Located at 9770 S 20th St in Oak Creek, the property is approximately 1 mile from Interstate 94/41, providing direct access to a major regional transportation route. M-1 PUD zoning is in place for the property.
Key Highlights
- ±48,648 SF warehouse with approximately ±1,800 SF of office space
- 10,000 SF addition built in 2014
- Three‑phase power with 480V, 800 AMP service
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
$214,879
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
6.51%
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%
$4,297,580
$4.3M
Cap Rate 7%
$3,069,700
$3.1M
Cap Rate 9%
$2,387,544
$2.4M
Market Conditions
NOI Build-Up for 48,648 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
$266.1K $5.47/SF
− Vacancy
−$13.3K −$0.27/SF
EGI
$252.8K $5.20/SF
− OpEx
−$37.9K −$0.78/SF
NOI
$214.9K $4.42/SF
Area
Milwaukee 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%
$4,297,580
Cap Rate 7%
$3,069,700
Cap Rate 9%
$2,387,544
Alternative Uses
Best Use
Flex RnD
$6.11M
$5.35M – $7.13M
NOI $427,918 @ 7.0% cap · market cap 12.97%
Second Best
Warehouse
$3.07M
$2.69M – $3.58M
NOI $214,879 @ 7.0% cap · market cap 6.51%
Theoretical Best
Office A
$11.54M
$10.09M – $13.46M
NOI $807,535 @ 7.0% cap · market cap 24.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53154, WI
36,497
Population
15,602
Households
2.3
Avg Household Size
39
Median Age
38%
College-Educated
95%
High-School Grad
28.5 sq mi
ZIP Area
1,281
Density / Sq Mi
$93,120
Median Household Income
$57,223
Median Earnings
$1,397
Median Rent
$305,100
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
- Public Storage — 9810 S 27th St, Oak Creek, WI 53154
Frequently Asked Questions
What type of property is this?
Warehouse - M-1 PUD zoning and three-phase 480V, 800 AMP power support industrial operations.
Where is this warehouse located?
The property is located at 9770 S 20th St Oak Creek, WI.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: ±48,648 SF warehouse with approximately ±1,800 SF of office space; 10,000 SF addition built in 2014; Three‑phase power with 480V, 800 AMP service
