Building Details

Year Built 2023

Buildings 1

Building Size 24,000 SF

Listing Agency: Paradigm Real Estate

Listed By: Brian Parrish · License #5673790 Show Phone

Source: Homesinwisconsin

Added: Jul 8 Changed: Oct 1 Last Checked: Oct 16 at 9:23AM

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Investment Insights

Based on property information with market context.

Built in 2023, this 24,000-square-foot industrial warehouse occupies 10.57 acres in Eagle, Wisconsin. The building provides 18'4'' to 22' clear heights, eight drive-in doors, 3-phase/800-amp electrical service, LED lighting, floor drains, and shop sinks. A secured outdoor storage area is enclosed with fencing and gates.

The property is located at W357s8715 Chapman Ln and carries B4 Mixed Business zoning. Four electric and gas meters are in place, supporting consideration of a multi-tenant configuration. The combination of substantial land area, industrial improvements, utility capacity, and exterior storage creates a practical warehouse and yard setup.

Key Highlights

• 24,000 SF industrial building on 10.57 acres
• Built in 2023 with 18'4''-22' clear heights
• Eight drive‑in doors for warehouse access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$106,009

Cap Rate

3.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,120,180 $2.1M

Cap Rate 7%

$1,514,414 $1.5M

Cap Rate 9%

$1,177,878 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 24,000 SF

Gross rent

$131.3K $5.47/SF

− Vacancy

−$6.6K −$0.27/SF

EGI

$124.7K $5.20/SF

− OpEx

−$18.7K −$0.78/SF

NOI

$106.0K $4.42/SF

Area

Waukesha 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%

$2,120,180

Cap Rate 7%

$1,514,414

Cap Rate 9%

$1,177,878

Alternative Uses

Best Use

Flex RnD

$12.25M

$10.72M – $14.29M (±1% cap)

NOI $857,423 @ 7.0% cap · market cap 31.76%

Second Best

Warehouse

$1.51M

$1.33M – $1.77M (±1% cap)

NOI $106,009 @ 7.0% cap · market cap 3.93%

Theoretical Best

—

—

same as Best Use

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

Property Analytics

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Current Use

Micron Tool & Machine ... Industrial Manufacturer

Suggested Use

Top Pick Building Supply Dental Office Auto Repair Shop Auto Parts Store Parking Lot & Garage Real Estate Agency

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

22 ft

Clear height

8

Drive-in doors

Yes

Fenced yard

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

65

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 53119, WI

5,751

Population

2,440

Households

2.4

Avg Household Size

45

Median Age

38%

College-Educated

97%

High-School Grad

40.0 sq mi

ZIP Area

144

Density / Sq Mi

$115,292

Median Household Income

$60,360

Median Earnings

$1,037

Median Rent

$373,600

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

Similar Off Market Nearby

• Innovations Self Storage — S90 W35710, County Rd NN, Eagle, WI 53119
• Eagle Storage — W356 S9045 W, Godfrey Ln, Eagle, WI 53119
• Self Storage of Eagle — S89 W35541, Henry Ln, Eagle, WI 53119
• BigRigs Hotel — 8870 E Godfrey Ln, Eagle, WI 53119

Frequently Asked Questions

What type of property is this?

Warehouse - B4 Mixed Business zoning and separate utility metering support flexible occupancy planning.

Where is this warehouse located?

The property is located at W357s8715 Chapman Ln Eagle, WI.

What is the asking price?

The asking price for this property is $2,700,000.

What are key features of this property?

This property features: 24,000 SF industrial building on 10.57 acres; Built in 2023 with 18'4''-22' clear heights; Eight drive‑in doors for warehouse access