Flex Space with Four Overhead
1072 Rock Ledge Ln, Neenah, WI 54956
For Sale
Contact for pricing
A blend of shop and office areas includes a reception space and outdoor parking.
Property Size3,500 SF
Price / SF$125
Days on Market34
Property Features for 1072 Rock Ledge Ln
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Buildings
Building Size
Listing Agency:
Drifka Group
Listed By:
Tim Ceman · License WI 111378-94
(920) 570-3992
Source:
Crexi
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 at 3:48PM
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 Drifka Group
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Investment Insights
Based on property information with market context.
This flex property contains 3,500 square feet arranged as shop and office space. Four overhead doors serve the shop area, while the office portion includes three offices and a reception area. Gas heat and finished interior details are also part of the building.
Outdoor parking is available on the property, along with room for future expansion.
Outdoor parking is available on the property, along with room for future expansion.
Key Highlights
- 3,500 SF building with shop and office areas
- Four overhead doors
- Three offices and a reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,941
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,820
$618.8K
Cap Rate 7%
$442,014
$442.0K
Cap Rate 9%
$343,789
$343.8K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$52.5K $15.00/SF
− Vacancy
−$4.9K −$1.40/SF
EGI
$47.6K $13.60/SF
− OpEx
−$16.7K −$4.76/SF
NOI
$30.9K $8.84/SF
Area
Winnebago County, WI
Vacancy
9.33%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,820
Cap Rate 7%
$442,014
Cap Rate 9%
$343,789
Alternative Uses
Best Use
Flex RnD
$442.0K
$386.8K – $515.7K
NOI $30,941 @ 7.0% cap · market cap 7.07%
Second Best
Industrial
$247.5K
$216.6K – $288.8K
NOI $17,327 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$755.4K
$661.0K – $881.3K
NOI $52,880 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 54956, WI
46,316
Population
20,104
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
96%
High-School Grad
61.7 sq mi
ZIP Area
751
Density / Sq Mi
$81,386
Median Household Income
$49,445
Median Earnings
$1,005
Median Rent
$238,200
Median Home Value
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Market
Properties on Market for Flex space in Winnebago County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A blend of shop and office areas includes a reception space and outdoor parking.
Where is this flex space located?
The property is located at 1072 Rock Ledge Ln Neenah, WI.
What is the asking price?
The asking price for this property is $437,500.
What are key features of this property?
This property features: 3,500 SF building with shop and office areas; Four overhead doors; Three offices and a reception area
