Building Details

Year Built 2023

Listing Agency: RE/MAX Universal

Listed By: Beaudoin Team* Show Phone

Source: Nikolicgroup

Added: Aug 13 Changed: Oct 2 Last Checked: Oct 7 at 5:08PM

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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 RE/MAX Universal

Investment Insights

Based on property information with market context.

Built in 2023, this warehouse condominium property includes seven units, five of which are unfinished and ready for interior customization. Each unit measures 2,016 square feet, with 56-by-36-foot dimensions, 18-foot ceilings, a 5-inch concrete slab, floor drains, and 12-foot-wide by 14-foot-high overhead doors.

The property includes three buried 1,000-gallon LP tanks with separate meters. Water, sewer, and power are stubbed to the units, with 200 AMP service provided. Short-term parking is available for stays of up to 12 hours. The property is located at W2527 Woodland Rd in Sheboygan Falls, Wisconsin.

Key Highlights

• Seven warehouse condominium units, including five unfinished units
• Each unit provides 2,016 SF within a 56‑by‑36‑foot layout
• 12(w)X 14(h)foot doors and 18 foot ceilings

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,345

Cap Rate

8.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$306,900 $306.9K

Cap Rate 7%

$219,214 $219.2K

Cap Rate 9%

$170,500 $170.5K

Market Conditions

NOI Build-Up for 2,016 SF

Gross rent

$18.1K $9.00/SF

− Vacancy

−$91 −$0.05/SF

EGI

$18.1K $8.96/SF

− OpEx

−$2.7K −$1.34/SF

NOI

$15.3K $7.61/SF

Area

Sheboygan County, WI

Vacancy

0.50%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$306,900

Cap Rate 7%

$219,214

Cap Rate 9%

$170,500

Alternative Uses

Best Use

Warehouse

$219.2K

$191.8K – $255.8K (±1% cap)

NOI $15,345 @ 7.0% cap · market cap 8.08%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$439.4K

$384.5K – $512.6K (±1% cap)

NOI $30,756 @ 7.0% cap · market cap 16.20%

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

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Electrical Service Auto Repair Shop Building Supply Garden Center

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

Lease Details

18 ft

Clear height

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

44

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 53085, WI

11,671

Population

5,308

Households

2.2

Avg Household Size

46

Median Age

27%

College-Educated

94%

High-School Grad

69.7 sq mi

ZIP Area

167

Density / Sq Mi

$72,037

Median Household Income

$48,395

Median Earnings

$859

Median Rent

$229,200

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

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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 - Unfinished condominium warehouse units offer flexible interiors with utility connections and separate metering.

Where is this warehouse located?

The property is located at W2527 Woodland Rd Sheboygan Falls, WI.

What is the asking price?

The asking price for this property is $189,900.

What are key features of this property?

This property features: Seven warehouse condominium units, including five unfinished units; Each unit provides 2,016 SF within a 56‑by‑36‑foot layout; 12(w)X 14(h)foot doors and 18 foot ceilings