Industrial
For Sale
Contact for pricing
N37 W5663-81 Hamilton Road, Cedarburg, WI 53012
Located on Hamilton Road in Cedarburg with M-1 Limited Manufacturing District zoning.
Property Size33,132 SF
Price / SF$49.05
Days on Market13
Property Features for N37 W5663-81 Hamilton Road
General Information
Standard status
Active
Size
33,132 SF
Property subtype
Industrial
Zoning
M-1 Limited Manufacturing District
Investment Type
Value Add
Building Details
Year Built
1955
Year Renovated
2005
Buildings
2
Units
5
Listing Agency:
Newmark - Milwaukee
Listed By:
Mitchell Starczynski · License #WI 75795
(262) 709-6043
Source:
Crexi
Added: Aug 25
Changed: Sep 3
Last Checked: Sep 5 at 5:48AM
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 Newmark - Milwaukee
Investment Insights
Based on property information with market context.
This industrial property is located at N37 W5663-81 Hamilton Road in Cedarburg, Wisconsin. The site carries M-1 Limited Manufacturing District zoning and dates to 1955.
Key Highlights
- M‑1 Limited Manufacturing District zoning
- 1955 construction year
- Hamilton Road location in Cedarburg, WI
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
$120,646
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
7.42%
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%
$2,412,920
$2.4M
Cap Rate 7%
$1,723,514
$1.7M
Cap Rate 9%
$1,340,511
$1.3M
Market Conditions
NOI Build-Up for 33,132 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
$181.2K $5.47/SF
− Vacancy
−$8.9K −$0.27/SF
EGI
$172.4K $5.20/SF
− OpEx
−$51.7K −$1.56/SF
NOI
$120.6K $3.64/SF
Area
Ozaukee County, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
30.00%
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%
$2,412,920
Cap Rate 7%
$1,723,514
Cap Rate 9%
$1,340,511
Alternative Uses
Best Use
Industrial
$1.72M
$1.51M – $2.01M
NOI $120,646 @ 7.0% cap · market cap 7.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.81M
$6.83M – $9.11M
NOI $546,439 @ 7.0% cap · market cap 33.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Explore this area
Business Placement
Demographics for 53012, WI
19,027
Population
8,073
Households
2.4
Avg Household Size
45
Median Age
53%
College-Educated
98%
High-School Grad
33.9 sq mi
ZIP Area
561
Density / Sq Mi
$98,094
Median Household Income
$53,434
Median Earnings
$1,059
Median Rent
$390,600
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.
Frequently Asked Questions
What type of property is this?
Industrial property - Located on Hamilton Road in Cedarburg with M-1 Limited Manufacturing District zoning.
Where is this industrial property located?
The property is located at N37 W5663-81 Hamilton Road Cedarburg, WI.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: M‑1 Limited Manufacturing District zoning; 1955 construction year; Hamilton Road location in Cedarburg, WI
