Appleton Warehouse with Loading
234 W Northland Ave Appleton, WI
For Sale
Contact for pricing
12,800 SF warehouse featuring loading dock and billboard income.
Property Size12,800 SF
Lot Size1.10 Acres
Price / SF$93.75
Days on Market679
Property Features for 234 W Northland Ave
General Information
Standard status
Active
Size
12,800 SF
Lot size
1.10 Acres
Property subtype
INDUSTRIAL
Listing Agency:
J Ross & Associates
(920) 903-5528
Listed By:
Jason Gallmeier
Source:
Moodyscre
Added: Sep 17, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:29AM
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 J Ross & Associates
Investment Insights
Based on property information with market context.
This 12,800 square foot warehouse property is available for sale. It features a loading dock and a ten-foot overhead door. The building is fully air conditioned with a 19-ton HVAC system. The property benefits from three-phase power. A new roof was installed in 2016, and the parking lot has been recently sealed. Additional income is generated from a LAMAR billboard.
Key Highlights
- Loading dock for easy shipments.
- Three (3) Phase Power ready.
- Building fully air conditioned with a 19 ton HVAC system.
Financial Insights For Warehouse
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 | $75.6k | $5.91 |
| − Vacancy | −$2.2k | −$0.17 |
| EGI | $73.5k | $5.74 |
| − OpEx | −$11.0k | −$0.86 |
| NOI | $62.4k | $4.88 |
12,800 SF · lease $5.91/SF/yr · vacancy 2.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$891.9K
$780.5K – $1.04M
NOI $62,436 @ 7.0% cap · market cap 5.20%
Second Best
Industrial
$734.5K
$642.7K – $857.0K
NOI $51,418 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$3.53M
$3.09M – $4.12M
NOI $247,040 @ 7.0% cap · market cap 20.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Appleton North Storage — 816 W Capitol Dr, Appleton, WI 54914
Frequently Asked Questions
What type of property is this?
Warehouse - 12,800 SF warehouse featuring loading dock and billboard income.
Where is this warehouse located?
The property is located at 234 W Northland Ave Appleton, WI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Loading dock for easy shipments.; Three (3) Phase Power ready.; Building fully air conditioned with a 19 ton HVAC system.
