Building Details

Building Size 105,664 SF

Listing Agency: Milwaukee

Listed By: Steve Sewart · License #9456646 Show Phone

Source: Colliers

Added: Jun 23 Changed: Oct 9 Last Checked: Oct 12 at 4:49PM

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Investment Insights

Based on property information with market context.

This industrial warehouse building contains approximately 105,664 square feet and is offered for sale. The property is located at W190N11393 Carnegie Dr in Germantown, Wisconsin 53022.

Key Highlights

• Approximately 105,664 SF industrial building
• Warehouse property available for sale
• Located at W190N11393 Carnegie Dr, Germantown, WI 53022

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$466,721

Cap Rate

6.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$9,334,420 $9.3M

Cap Rate 7%

$6,667,443 $6.7M

Cap Rate 9%

$5,185,789 $5.2M

Market Conditions

NOI Build-Up for 105,664 SF

Gross rent

$578.0K $5.47/SF

− Vacancy

−$28.9K −$0.27/SF

EGI

$549.1K $5.20/SF

− OpEx

−$82.4K −$0.78/SF

NOI

$466.7K $4.42/SF

Area

Washington 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%

$9,334,420

Cap Rate 7%

$6,667,443

Cap Rate 9%

$5,185,789

Alternative Uses

Best Use

Warehouse

$6.67M

$5.83M – $7.78M (±1% cap)

NOI $466,721 @ 7.0% cap · market cap 6.22%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$29.05M

$25.42M – $33.89M (±1% cap)

NOI $2,033,403 @ 7.0% cap · market cap 27.11%

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

Property Analytics

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Current Use

Green Bay Packaging ... Industrial Manufacturer Green Bay Packaging ... Industrial Manufacturer

Suggested Use

Top Pick Restaurant Pharmacy Hair Salon Furniture & Home Goods (Bike/Boat/Book/etc) Store Parking Lot & Garage

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

270

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 53022, WI

19,935

Population

8,229

Households

2.4

Avg Household Size

44

Median Age

48%

College-Educated

96%

High-School Grad

27.7 sq mi

ZIP Area

720

Density / Sq Mi

$105,324

Median Household Income

$58,683

Median Earnings

$1,315

Median Rent

$353,000

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Large industrial facility offered for sale with substantial warehouse capacity.

Where is this warehouse located?

The property is located at W190N11393 Carnegie Dr Germantown, WI.

What is the asking price?

The asking price for this property is $7,500,000.

What are key features of this property?

This property features: Approximately 105,664 SF industrial building; Warehouse property available for sale; Located at W190N11393 Carnegie Dr, Germantown, WI 53022