Calculate cap rates and net operating income for commercial properties in Wisconsin. Compare your results against Wisconsin's secondary market benchmarks sourced from CBRE H2 2025.
Wisconsin has two distinct markets. Madison is a growing tech and healthcare hub (Epic Systems, UW-Madison research, American Family Insurance) with strong multifamily fundamentals driven by university population. Milwaukee is a diversified industrial market (manufacturing, healthcare, financial services) with Foxconn industrial investment adding capacity. Wisconsin's manufacturing heritage (Johnson Controls, Harley-Davidson, Oshkosh Corporation) supports industrial demand.
| Property Type | Typical Low % | Typical High % |
|---|---|---|
| Multifamily | 5.5% | 7.5% |
| Industrial | 5.5% | 7.5% |
| Retail | 6.0% | 8.0% |
| Office | 7.0% | 9.5% |
Benchmarks sourced from CBRE H2 2025 Cap Rate Survey, JP Morgan, Matthews, and Cushman & Wakefield market data. Ranges represent typical stabilized assets — actual rates vary by asset quality, location, and market conditions.
Wisconsin cap rates range from 5.5–7.5% for multifamily and industrial, 6.0–8.0% for retail, and 7.0–9.5% for office. Madison has the most competitive rates driven by Epic Systems' dominance and UW-Madison, while Milwaukee and Green Bay offer moderate secondary market yields.
Madison is home to Epic Systems, the dominant electronic health records company serving the majority of US hospitals, making it one of the most important healthcare IT employers in the country. Combined with UW-Madison's research output and startup ecosystem, strong state government employment, and American Family Insurance headquarters, Madison offers exceptional employment stability and multifamily demand.
Wisconsin's industrial base includes manufacturing (Harley-Davidson in Milwaukee, Oshkosh Corporation trucks/specialty vehicles, Johnson Controls headquarters), food and dairy processing (Kraft Heinz, Land O'Lakes operations), paper manufacturing (from the Fox River Valley), and aerospace components. The I-90, I-94, and I-43 corridors are active for logistics serving the Midwest.
This tool is for informational and educational reference only and does not constitute real estate investment advice. Cap rate benchmarks are estimates based on published industry surveys and may not reflect current conditions in your specific market, submarket, or asset class. Actual cap rates vary significantly based on property condition, location, tenant quality, lease terms, and local market dynamics. Always consult a licensed commercial real estate broker, appraiser, or investment advisor before making real estate investment decisions.