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    103 Industrial Dr Fox Lake, WI 53933

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    103 Industrial Dr Fox Lake, WI 53933

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    • Manufacturing properties
    • 18,000 SF
    For Sale
    $1,100,000
    View Listing →
    Industrial Building in Fox Lake For Sale
    $1,100,000
    18,000 SF

    Industrial Building in Fox Lake

    18,000 sq ft industrial building on 5.7 acres.

    103 Industrial Drive, Fox Lake, WI 53933
    View Listing
    Property ID
    US92-0366574
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Electronic Components-Services Inc / Electronics & Wireless Store

    Property Details for 103 Industrial Dr

    Year built
    1991
    Property size
    18,000 SF
    Property type
    Manufacturing properties
    Property subtype
    Flex space

    Description

    This 18,000-square-foot industrial building, situated on 5.7 acres within the Fox Lake Business Park in Wisconsin, presents a compelling investment opportunity. Built in 1991, the property boasts a flexible layout with non-load-bearing interior walls, adaptable to a variety of uses. The building features one loading dock on the north side and an additional 12-foot grade-level garage door on the south. Approximately 2,000 square feet are dedicated to office space, complete with bathrooms and a meeting area. The property benefits from city incentives through a Tax Increment Financing (TIF) district. Previous use was for printed circuit board manufacturing. Significant infrastructure is in place, including an ion exchange resin wastewater treatment system for heavy metal removal, a 4-inch water main, and robust electrical service (3-phase 120/208v and 3-phase 227/480v 800A). Natural gas service from Alliant Energy provides 3,000,000 BTU/hr @ 5 PSIG. Its strategic location between USH 151 and Interstate 41 to the east, and Interstate 39/90/94 to the west, ensures convenient access to major trucking routes. The asking price is $1,200,000. The property is zoned for industrial use and has a 12-foot ceiling height.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fox Lake
    County
    Dodge
    State
    Wisconsin
    Longitude
    -88.915500224974
    Latitude
    43.556778302993

    Comparable in this City

    • $1,100,000
      18,000 SF

      Industrial Building in Fox Lake

      18,000 sq ft industrial building on 5.7 acres.
      103 Industrial Dr, Fox Lake, WI 53933
      View Details
    • $49,900
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      Fox Lake Buildable Lot

      Vacant lot with garage in Fox Lake, Wisconsin.
      315 2Nd St, Fox Lake, WI 53933
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    • $374,900
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      Renovated Duplex with Rental Potential

      Turnkey duplex in Fox Lake, WI with updated finishes.
      205 Ann St, Fox Lake, WI 53933
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    • $950,000
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      Fox Lake Land Near Launch

      22.28 acres near Fox Lake, ideal for building.
      W10802 Blackhawk Trl, Fox Lake, WI 53933
      View Details

    Similar Nearby for Sale

    • $1,100,000
      18,000 SF

      Industrial Building in Fox Lake

      18,000 sq ft industrial building on 5.7 acres.
      103 Industrial Dr, Fox Lake, WI 53933
      View Details
    • $49,900
      0.23 Acres

      Fox Lake Buildable Lot

      Vacant lot with garage in Fox Lake, Wisconsin.
      315 2Nd St, Fox Lake, WI 53933
      View Details
    • $374,900
      0.23 Acres

      Renovated Duplex with Rental Potential

      Turnkey duplex in Fox Lake, WI with updated finishes.
      205 Ann St, Fox Lake, WI 53933
      View Details
    • $950,000
      22.28 Acres

      Fox Lake Land Near Launch

      22.28 acres near Fox Lake, ideal for building.
      W10802 Blackhawk Trl, Fox Lake, WI 53933
      View Details
    View Listing
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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