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    Adaptable Flex Space For Sale Title is generated by Realmo AI

    1005 W American Dr, Neenah, WI

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    Modern construction, flexible design, excellent visibility, and ample parking.

    Type:INDUSTRIAL
    Property size:
    18,000 SF
    Lot size:
    1.77 Acres
    Price / SF:
    $102/SF
    Added:
    Oct 21, 2025
    Days on Market:
    233
    Last Refresh:
    May 20 at 8:05 pm

    Property Features for 1005 W American Dr

    General Information

    Standard status
    Active
    Size
    18,000 SF
    Lot size
    1.77 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Teresa Knuth
    Teresa Knuth

    Listing agent Teresa Knuth License #8909694

    Listing office NAI Pfefferle

    Listing date Oct 21, 2025

    Source Moodyscre

    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 NAI Pfefferle

    HighLights

    • Excellent visibility and access from Highway 10 and American Drive
    • Adaptable layout for single or multi‑tenant use (investment or owner‑user)
    • Easily devisable - flexible design allows subdivision into three + suites
    • Pylon signage available for strong branding and exposure
    • Built in 2008 - modern construction with quality finishes
    • Ample on‑site parking

    Overview

    This property, constructed in 2008, presents an opportunity for either investment or owner-occupancy. Its adaptable layout is suitable for single or multi-tenant use. The flexible design allows for easy division into three or more suites. A current tenant occupies approximately 4,500 square feet and may remain for an investor buyer. The property benefits from excellent visibility and access from Highway 10 and American Drive. Pylon signage is available, offering strong branding and exposure. Ample on-site parking is provided, and the building is fully sprinklered. The property size is 18,000 square feet.

    Local Financial Insights For Flex RnD

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $270.0k $15.00
    − Vacancy −$25.2k −$1.40
    EGI $244.8k $13.60
    − OpEx −$85.7k −$4.76
    NOI $159.1k $8.84
    18,000 SF · lease $15.00/SF/yr · vacancy 9.33% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $2.27M
    $1.99M – $2.65M (±1% cap)
    NOI $159,126 @ 7.0% cap · market cap 8.60%
    Second Best
    Warehouse
    $1.55M
    $1.35M – $1.80M (±1% cap)
    NOI $108,206 @ 7.0% cap · market cap 5.85%
    Theoretical Best
    Office A
    $3.89M
    $3.40M – $4.53M (±1% cap)
    NOI $271,953 @ 7.0% cap · market cap 14.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Bugs Beware Pest ... Garden Center Midwest EV Auto Repair Shop RestorU Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Neenah
    County
    Winnebago
    State
    Wisconsin
    Longitude
    -88.4835
    Latitude
    44.2195

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    FAQs

    What type of property is this?
    Flex space - Modern construction, flexible design, excellent visibility, and ample parking.
    Where is this flex space located?
    The property is located at 1005 W American Dr Neenah, WI.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Excellent visibility and access from Highway 10 and American Drive; Adaptable layout for single or multi‑tenant use (investment or owner‑user); Easily devisable - flexible design allows subdivision into three + suites
    (920) 427-9473 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Teresa Knuth
    Teresa Knuth
    Real Estate License ID: 8909694
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