Medical Center with NN
For Sale
$1,100,000
1001 W Northland Avenue, Appleton, WI 54914
Veterinary facility on West Northland Avenue with an established healthcare use and tenant-paid operating responsibilities.
Property Size3,500 SF
Price / SF$314.29
Days on Market50
Property Features for 1001 W Northland Avenue
General Information
Standard status
Active
Size
3,500 SF
Net Operating Income
$96,139
Additional Details
Cap Rate
8.75%
Taxes and HOA fees
Annual Taxes
$5,238
Building Details
Tenancy
Single
Listing Agency:
GT Realty
Listed By:
Jesse Troestler
(920) 475-1562
Source:
Exprealty
Added: Sep 15
Changed: Oct 26
Last Checked: Nov 1 at 6:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GT Realty
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Investment Insights
Based on property information with market context.
The property is a 3,500-square-foot veterinary facility at 1001 W Northland Avenue in Appleton, Wisconsin. Blue River PetCare occupies the building under an NN lease, with responsibility for taxes, insurance, common area expenses, repairs and maintenance, HVAC, and utilities. The lease term currently runs through January 31, 2030.
Positioned on West Northland Avenue, the property benefits from reported exposure to more than 22,000 vehicles per day. The existing healthcare-oriented buildout provides a specialized setting for veterinary operations, while the current lease structure assigns a broad range of property operating obligations to the tenant. Blue River PetCare has provided notice of its intent to relocate to a larger facility at the end of the current term.
Positioned on West Northland Avenue, the property benefits from reported exposure to more than 22,000 vehicles per day. The existing healthcare-oriented buildout provides a specialized setting for veterinary operations, while the current lease structure assigns a broad range of property operating obligations to the tenant. Blue River PetCare has provided notice of its intent to relocate to a larger facility at the end of the current term.
Key Highlights
- 3,500 SF veterinary facility at 1001 W Northland Avenue
- NN lease runs through January 31, 2030
- 8.75% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,130
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,600
$1.0M
Cap Rate 7%
$730,429
$730.4K
Cap Rate 9%
$568,111
$568.1K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$91.1K $26.04/SF
− Vacancy
−$5.9K −$1.69/SF
EGI
$85.2K $24.35/SF
− OpEx
−$34.1K −$9.74/SF
NOI
$51.1K $14.61/SF
Area
Outagamie County, WI
Vacancy
6.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,600
Cap Rate 7%
$730,429
Cap Rate 9%
$568,111
Alternative Uses
Best Use
Healthcare Medical
$730.4K
$639.1K – $852.2K
NOI $51,130 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$965.0K
$844.4K – $1.13M
NOI $67,550 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
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Business Placement
Demographics for 54914, WI
31,082
Population
14,002
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
93%
High-School Grad
19.2 sq mi
ZIP Area
1,619
Density / Sq Mi
$77,199
Median Household Income
$42,481
Median Earnings
$936
Median Rent
$210,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Medical center - Veterinary facility on West Northland Avenue with an established healthcare use and tenant-paid operating responsibilities.
Where is this medical center located?
The property is located at 1001 W Northland Avenue Appleton, WI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,500 SF veterinary facility at 1001 W Northland Avenue; NN lease runs through January 31, 2030; 8.75% cap rate
