15805 Overland DrNew Berlin, WI 53151

Property Details for 15805 Overland Dr

Lot size

2.48 AC

Zone code

M1

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $44,913,200

  6.5%

  $41,458,400

  7%

  $38,497,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,547,900

  Geo Method

  $22,513,200

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $21,008,400

  Mixed-Use / Specialty

  $20,735,600

  Hospitality / Lodging

  $14,955,300

  Office

  $20,406,200

  Institutional / Educational

  $21,485,900

  Residential Income

  $25,138,500

  Multifamily

  $31,247,200

  Automotive / Energy

  $18,416,500

  Parking / Income-Based Land

  $6,550,880

  Restaurant / Food Service

  $10,362,200

  Healthcare / Senior Housing

  $21,466,900

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

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