Turnkey Manufacturing Business For
For Sale
Contact for pricing
Pending
1336 N Ballard Road LB2, Appleton, WI 54911
Turnkey manufacturing business with building, equipment, fixtures, and inventory.
Property Size9,120 SF
Days on Market1411
Property Features for 1336 N Ballard Road LB2
General Information
Standard status
Pending
Size
9,120 SF
Property subtype
Special Purpose
Zoning
C2 Chapter 23 Zoning
Lease Type
Net
Building Details
Year Built
1952
Tenancy
Single
Listing Agency:
Century 21 Affiliated Appleton
Listed By:
Keith Sippel · License #WI
(920) 707-0175
Source:
Crexi
Added: Oct 26, 2022
Changed: Aug 8
Last Checked: Jul 25 at 11:11AM
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 Century 21 Affiliated Appleton
Investment Insights
Based on property information with market context.
A successful custom cabinetry, furniture, and commercial cabinet manufacturing business is available for sale. This turnkey business includes the building, equipment, fixtures, and inventory. The property features over 8000 square feet of heated shop space, including a spray booth, along with approximately 1000 square feet of office and showroom space that includes a break room area. Access is facilitated by two overhead doors, one measuring 10x9 and the other 12x11. The property provides ample parking spaces. The business has been in operation since 1997 and occupies a 9120 square foot building.
Key Highlights
- Turnkey Business: Includes building, equipment, fixtures, and inventory for immediate operation.
- Substantial Shop Space: Boasting over 8000 sq ft of heated shop space, including a spray booth.
- Office/Showroom: Features approximately 1000 sq ft of office/showroom space with a break room.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,635
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$732,700
$732.7K
Cap Rate 7%
$523,357
$523.4K
Cap Rate 9%
$407,056
$407.1K
Market Conditions
NOI Build-Up for 9,120 SF
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.
Gross rent
$53.9K $5.91/SF
− Vacancy
−$1.6K −$0.17/SF
EGI
$52.3K $5.74/SF
− OpEx
−$15.7K −$1.72/SF
NOI
$36.6K $4.02/SF
Area
Outagamie County, WI
Vacancy
2.90%
Lease Rate
$5.91 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$732,700
Cap Rate 7%
$523,357
Cap Rate 9%
$407,056
Alternative Uses
Best Use
Industrial
$523.4K
$457.9K – $610.6K
NOI $36,635 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $176,016 @ 7.0% cap · market cap 22.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
Explore this area
Business Placement
Demographics for 54911, WI
26,964
Population
11,171
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
8.4 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,747
Median Household Income
$38,591
Median Earnings
$1,010
Median Rent
$199,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Turnkey manufacturing business with building, equipment, fixtures, and inventory.
Where is this manufacturing property located?
The property is located at 1336 N Ballard Road LB2 Appleton, WI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Turnkey Business: Includes building, equipment, fixtures, and inventory for immediate operation.; Substantial Shop Space: Boasting over 8000 sq ft of heated shop space, including a spray booth.; Office/Showroom: Features approximately 1000 sq ft of office/showroom space with a break room.
