Industrial/Manufacturing Facility with Expansion
For Sale
Contact for pricing
9980 S Oakwood Park Drive, Franklin, WI 53132
31,318 SF industrial/manufacturing facility on 5.94 acres for sale.
Property Size31,318 SF
Price / SF$105
Days on Market340
Property Features for 9980 S Oakwood Park Drive
General Information
Standard status
Active
Size
31,318 SF
Total Parking Spaces
79
Property subtype
Industrial
Zoning
PDL
Building Details
Year Built
1999
Listing Agency:
Colliers - Milwaukee, Wisconsin
Listed By:
Jan Kadow · License #5027590
(262) 951-6497
Source:
Crexi
Added: Nov 23, 2025
Changed: Oct 26
Last Checked: Oct 28 at 8:42AM
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
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Investment Insights
Based on property information with market context.
This industrial/manufacturing facility offers approximately 31,318 square feet of space on 5.94 acres, providing expansion potential. The building is located approximately 2.6 miles from I-94 via Ryan Road. The layout includes a reception area, seven private offices, a conference room, lunchroom, and locker rooms. The warehouse area features heavy power throughout, mezzanine space, floor drains, and air lines.
Key Highlights
- +/- 31,318 SF industrial/manufacturing facility
- +/- 5.94 acres offers expansion potential
- Approximately 2.6 miles from I‑94 via Ryan Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,332
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,766,640
$2.8M
Cap Rate 7%
$1,976,171
$2.0M
Cap Rate 9%
$1,537,022
$1.5M
Market Conditions
NOI Build-Up for 31,318 SF
Gross rent
$171.3K $5.47/SF
− Vacancy
−$8.6K −$0.27/SF
EGI
$162.7K $5.20/SF
− OpEx
−$24.4K −$0.78/SF
NOI
$138.3K $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 Rate 5%
$2,766,640
Cap Rate 7%
$1,976,171
Cap Rate 9%
$1,537,022
Alternative Uses
Best Use
Warehouse
$1.98M
$1.73M – $2.31M
NOI $138,332 @ 7.0% cap · market cap 4.21%
Second Best
Industrial
$1.63M
$1.43M – $1.90M
NOI $114,041 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$7.43M
$6.50M – $8.66M
NOI $519,865 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
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Business Placement
Demographics for 53132, WI
36,166
Population
14,073
Households
2.6
Avg Household Size
44
Median Age
46%
College-Educated
95%
High-School Grad
34.7 sq mi
ZIP Area
1,042
Density / Sq Mi
$110,656
Median Household Income
$64,194
Median Earnings
$1,380
Median Rent
$345,600
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - 31,318 SF industrial/manufacturing facility on 5.94 acres for sale.
Where is this manufacturing property located?
The property is located at 9980 S Oakwood Park Drive Franklin, WI.
What is the asking price?
The asking price for this property is $3,288,390.
What are key features of this property?
This property features: +/- 31,318 SF industrial/manufacturing facility; +/- 5.94 acres offers expansion potential; Approximately 2.6 miles from I‑94 via Ryan Road
