Building Details

Year Built 1955

Year Renovated 2005

Buildings 2

Units 5

Listing Agency: Newmark - Milwaukee

Listed By: Mitchell Starczynski · License #WI 75795 Show Phone

Source: Crexi

Added: Aug 25 Changed: Oct 21 Last Checked: Oct 20 at 6:49PM

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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 / Yr

$120,646

Cap Rate

7.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,412,920 $2.4M

Cap Rate 7%

$1,723,514 $1.7M

Cap Rate 9%

$1,340,511 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 33,132 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $546,439 @ 7.0% cap · market cap 33.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Ye Olde Piano ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage Plumbing Service (Bike/Boat/Book/etc) Store Garden Center HVAC Service Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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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