Flex Industrial Facility with Rail
For Sale
$6,999,000
Pending
W209n17500 Industrial Dr, Jackson, WI 53037
Industrial property combines warehouse, office, and mezzanine areas with dock and grade-level loading.
Property Size88,778 SF
Days on Market63
Property Features for W209n17500 Industrial Dr
General Information
Standard status
Pending
Size
88,778 SF
Class
Class A
Property subtype
Commercial
Warehouse & Industrial
Clear Height
21 ft
Warehouse Space
57,595 SF
Office Build-Out
27,183 SF
Mezzanine
4,000 SF
Dock-High Doors
3
Drive-In Doors
1
Sprinkler System
Yes
Amenities
Key card access for parking lot
Video security in building
Fiber internet
Server room with racks and separate HVAC
Freight scale
Building Details
Year Built
2000
Listing Agency:
Paradigm Real Estate
(262) 717-5151
Listed By:
Brian Parrish · License #5673790
Source:
Homesinwisconsin
Added: Jul 1
Changed: Aug 30
Last Checked: Aug 31 at 5:51PM
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 Paradigm Real Estate
Investment Insights
Based on property information with market context.
Built in 2000, this flex industrial facility provides 57,595 SF of warehouse space, 27,183 SF of office space, and approximately 4,000 SF of mezzanine storage. Clear heights range from 15 to 21 feet, with three 9' x 10' dock doors equipped with powered levelers, one 14' x 14' grade-level door, a freight scale, and a 5-inch slab. Floor drains are installed throughout, and the building is protected by a wet-system fire sprinkler.
The property includes key-card-controlled parking access and video security within the building. Fiber internet, a server room with racks, and separate HVAC support the office and technology infrastructure. The facility is adjacent to rail operated by WATCO and is expandable by 96,553 SF, subject to verification. The property is located on Industrial Drive in Jackson, Wisconsin.
The property includes key-card-controlled parking access and video security within the building. Fiber internet, a server room with racks, and separate HVAC support the office and technology infrastructure. The facility is adjacent to rail operated by WATCO and is expandable by 96,553 SF, subject to verification. The property is located on Industrial Drive in Jackson, Wisconsin.
Key Highlights
- 57,595 SF warehouse, 27,183 SF office, and +/- 4,000 SF mezzanine storage
- 15'-21' clear height with three 9'x10' dock doors and powered levelers
- One 14'x14' grade‑level door, freight scale, and 5'' slab
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
$392,135
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
5.60%
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%
$7,842,700
$7.8M
Cap Rate 7%
$5,601,929
$5.6M
Cap Rate 9%
$4,357,056
$4.4M
Market Conditions
NOI Build-Up for 88,778 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
$485.6K $5.47/SF
− Vacancy
−$24.3K −$0.27/SF
EGI
$461.3K $5.20/SF
− OpEx
−$69.2K −$0.78/SF
NOI
$392.1K $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 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%
$7,842,700
Cap Rate 7%
$5,601,929
Cap Rate 9%
$4,357,056
Alternative Uses
Best Use
Office B
$18.03M
$15.78M – $21.04M
NOI $1,262,283 @ 7.0% cap · market cap 18.04%
Second Best
Warehouse
$5.60M
$4.90M – $6.54M
NOI $392,135 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$24.41M
$21.36M – $28.47M
NOI $1,708,448 @ 7.0% cap · market cap 24.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
21 ft
Clear height
3
Dock-high doors
1
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53037, WI
10,072
Population
4,298
Households
2.3
Avg Household Size
43
Median Age
35%
College-Educated
97%
High-School Grad
23.1 sq mi
ZIP Area
436
Density / Sq Mi
$95,602
Median Household Income
$53,949
Median Earnings
$1,128
Median Rent
$312,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial property combines warehouse, office, and mezzanine areas with dock and grade-level loading.
Where is this flex space located?
The property is located at W209n17500 Industrial Dr Jackson, WI.
What is the asking price?
The asking price for this property is $6,999,000.
What are key features of this property?
This property features: 57,595 SF warehouse, 27,183 SF office, and +/- 4,000 SF mezzanine storage; 15'-21' clear height with three 9'x10' dock doors and powered levelers; One 14'x14' grade‑level door, freight scale, and 5'' slab
