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    1309 Norplex Dr La Crosse, WI 54601

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    For Lease
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    Manufacturing,Professional Service,Retail,Special Purpose,Storage,Warehouse,Wholesale

    Property size:
    150,000 SF
    Lot size:
    7.00 Acres
    Added:
    Jan 28, 2026
    Days on Market:
    92
    Last Refresh:
    Apr 30 at 8:06 pm

    Property Features for 1309 Norplex Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Industrial
    Security features
    Security Lighting
    Interior features
    Carpeting, Rest Rooms
    Exterior features
    220 Volt Power, 440 Volt Power, Fenced Yard, Loading Dock, Outside Storage, Pole Sign, Roof Sign
    Fencing
    Fenced
    Standard status
    Active
    APN
    017030098010
    Size
    150,000 SF
    Lot size
    7.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    20000

    Utilities

    Heating system
    Electric (Heating), Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Floors in Building
    2
    Building materials
    Brick, Steel Siding
    Roof type
    Rubber
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Brian McCarty
    Brian McCarty

    Listing agent Brian McCarty License #80000-94

    Listing office Gerrard-Hoeschler, REALTORS 601 7th St N, Suite 200, La Crosse, WI 54601, La Crosse, WI

    Listing date Jan 28, 2026

    MLS# 1948733 Listing URL

    Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Warehouse and Office Space

    Available for lease is up to 50,000 square feet of industrial warehouse and office space. The property, zoned for industrial use, offers potential for manufacturing, professional service, retail, special purpose, storage, warehouse, and wholesale operations. The CAM charges are approximately $1.42 per foot. The space includes access to three loading docks with 8-foot doors and a 14-foot drive-in door. Multiple offices, conference rooms, and break rooms are available. The property provides parking for 50 to 100 vehicles. The building, situated on a 7-acre lot, currently houses a variety of tenants, some of whom share common area spaces. The property has plenty of power.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mississippi Valley Conservancy Sustainability Organization Companions Always Pet ... Cremation Service LaCrosse Mechanical, Inc. HVAC Service Acoustic Design of America Consultant Kendhammer A-1 Concrete Construction Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • South Avenue Self-Storage — 2310 South Ave, La Crosse, WI 54601

    Location Insight

    • Map
    • Local Demand
    City
    La Crosse
    County
    La Crosse
    State
    Wisconsin
    Longitude
    -91.253635
    Latitude
    43.799372

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    FAQs

    What type of property is this?
    Warehouse - Up to 50,000 SF available for lease.
    Where is this warehouse located?
    The property is located at 1309 Norplex Dr La Crosse, WI.
    What are key features of this property?
    This property features: Up to 50,000 sf of Industrial Warehouse and Office space available.; Access to 3 loading docks with 8 foot doors and 14 foot drive in door.; Ample power: 220 Volt and 440 Volt Power.
    (608) 792-8451
    We can help!
    Listing Contact
    Brian McCarty
    Brian McCarty
    Real Estate License ID: 80000-94
    Learn More
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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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