15805 Overland DrNew Berlin, WI 53151

  • Industrial properties
  • 2.48 AC
For Sale
$2,995,000 View listing

Property Details for 15805 Overland Dr

Lot size
2.48 AC
Zone code
M1
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
NBC 1189013
APU
NBC1189013

Description

This exceptional 35,561-square-foot industrial property in New Berlin, Wisconsin, presents a rare investment opportunity. Located at 15805 W Overland Dr, 53151, within Waukesha County, this facility boasts a desirable M-1 zoning designation. Built in 1970 and extensively renovated in 1997, the building offers a blend of classic construction and modern upgrades. The asking price is $2,995,000, translating to a competitive price per square foot of $84.22. The property features three dock-high doors, providing convenient loading and unloading capabilities, complemented by drive-in access for added flexibility. A significant advantage is the heavy power distribution system installed throughout the facility, catering to the needs of energy-intensive manufacturing processes. The high ceilings, measuring 16 feet, maximize vertical space and operational efficiency. Benefit from the low Waukesha County tax rates, making this a financially attractive proposition. This property is ideally suited for a variety of manufacturing and warehouse operations, offering a substantial footprint and excellent infrastructure. The entire 35,561 square feet is net rentable, maximizing usable space. This is a prime opportunity to acquire a well-maintained, strategically located industrial asset in a thriving Wisconsin market. The recent price reduction makes this an even more compelling investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $22,326,774
    Hospitality
    $20,451,206
    Educational
    $17,015,162
    Medical
    $17,600,340
    Retail
    $26,468,030
15805 Overland Dr, New Berlin, Wisconsin

Location Insight

City
New Berlin
County
Waukesha
State
Wisconsin
Latitude
42.9996
Longitude
-88.1106
CBSA code
33340
CBSA name
MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,378
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-
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