Listing Agency: NAI Pfefferle Show Phone

Listed By: David Hodge · License #6035590 Show Phone

Source: Moodyscre

Added: Sep 11, 2025 Changed: Oct 25 Last Checked: Oct 28 at 11:20AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This property, constructed in 1969 with an addition of 1,008 square feet in 2016, totals 14,221 square feet. It is designed as a food-grade manufacturing and cold storage facility. The property features primarily warehouse space, complemented by a small office area. Ample outdoor storage is available. The location offers excellent accessibility, situated on a main thoroughfare between HWY 57 and I-43.

Key Highlights

• Food‑grade manufacturing and cold storage facility.
• Excellent accessibility due to location on main thoroughfare and proximity to HWY 57 and I‑43.
• Substantial warehouse space, 14,221 SF total.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,815

Cap Rate

7.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,256,300 $1.3M

Cap Rate 7%

$897,357 $897.4K

Cap Rate 9%

$697,944 $697.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,221 SF

Gross rent

$77.8K $5.47/SF

− Vacancy

−$3.9K −$0.27/SF

EGI

$73.9K $5.20/SF

− OpEx

−$11.1K −$0.78/SF

NOI

$62.8K $4.42/SF

Area

Ozaukee 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%

$1,256,300

Cap Rate 7%

$897,357

Cap Rate 9%

$697,944

Alternative Uses

Best Use

Warehouse

$897.4K

$785.2K – $1.05M (±1% cap)

NOI $62,815 @ 7.0% cap · market cap 7.95%

Second Best

Industrial

$739.8K

$647.3K – $863.1K (±1% cap)

NOI $51,784 @ 7.0% cap · market cap 6.55%

Theoretical Best

Office A

$3.35M

$2.93M – $3.91M (±1% cap)

NOI $234,544 @ 7.0% cap · market cap 29.69%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Manufacturing properties

Suggested Use

Top Pick Electrical Service Discount Store Bar & Pub Department Store

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

5

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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

Frequently Asked Questions

What type of property is this?

Warehouse - Manufacturing and cold storage facility with warehouse and office space.

Where is this warehouse located?

The property is located at W3830 County Rd K Belgium, WI.

What is the asking price?

The asking price for this property is $790,000.

What are key features of this property?

This property features: Food‑grade manufacturing and cold storage facility.; Excellent accessibility due to location on main thoroughfare and proximity to HWY 57 and I‑43.; Substantial warehouse space, **14,221 SF total**.