Industrial/Manufacturing Facility with Expansion
For Sale
Contact for pricing
9980 S Oakwood Park Dr, Franklin, WI
31,318 SF industrial/manufacturing facility on 5.94 acres for sale.
Property Size31,318 SF
Lot Size5.94 Acres
Price / SF$105
Days on Market270
Property Features for 9980 S Oakwood Park Dr
General Information
Standard status
Active
Size
31,318 SF
Lot size
5.94 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers - Milwaukee
(262) 951-6497
Listed By:
Jan Kadow · License #5027590
(262) 951-6497
Source:
Moodyscre
Added: Nov 23, 2025
Changed: Aug 8
Last Checked: Aug 20 at 4:39AM
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 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 = 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
$138,332
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
4.21%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 Dr 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
