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    920 3rd St Hammond, WI

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    67,300 SF industrial facility with heated warehouse space.

    Type:INDUSTRIAL
    Property size:
    10,074 SF
    Lot size:
    16.55 Acres
    Added:
    May 17, 2024
    Days on Market:
    712
    Last Refresh:
    Apr 5 at 8:31 pm

    Property Features for 920 3rd St

    General Information

    Standard status
    Active
    Size
    10,074 SF
    Lot size
    16.55 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 920 3rd St Contact us

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    Listing Contact
    Brian Zeller
    Brian Zeller

    Listing agent Brian Zeller

    Listing office Telus Property Services & Solutions

    Listing date May 17, 2024

    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 Telus Property Services & Solutions

    Overview

    Industrial Facility with Truck Scale

    This 67,300 square foot industrial facility is newly painted and move-in ready, offering a mix of heated and unheated warehouse space. It includes a WeighTronix BMC 4011 Bridgemont truck scale with a 40’ x 11’ wide concrete deck and a 140,000 lb capacity, integrated with WI-130 weight indicator technology. In addition to warehousing options, 6,000 square feet of office space is available. The facility has access to a rail spur a quarter mile from the property and is 2 miles from I-94. It is within a 45-minute drive to the Mpls/St. Paul airport. Heated portions of the warehouse contain one 10-ton crane, one 6-ton crane, and one 3-ton crane. Production space within the area provides clear heights up to 30 feet. Multiple large drive-in doors are located throughout the facility. These areas include an ONAN 450 DFEC generator with a Cummins 685HP turbocharged diesel engine rated at 450KW output. Unheated/uninsulated portions of the warehouse offer varying ceiling heights and drive-in doors. The property offers a combined 19 acres of land for outside storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Prime Direct, LLC Building Supply

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Eagle Storage - Hammond WI (North) — 620 Davis St, Hammond, WI 54015
    • Eagle Storage - Hammond WI — 1440 Ridgeway St, Hammond, WI 54015

    Location Insight

    • Map
    • Local Demand
    City
    Hammond
    County
    St. Croix
    State
    Wisconsin
    Longitude
    -92.7552
    Latitude
    44.98

    Nearby Similar for Lease

    • Contact for pricing

      60,000 SF Warehouse/Production Space

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      2231 Hwy 12, Baldwin, WI
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      Hammond Industrial Property Near I-94

      Industrial property in Hammond, WI, with easy access to I-94.
      1850 Guy Metals Dr, Hammond, WI
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      Hammond Warehouse with I-94 Access

      109,250 SF warehouse with easy access to I-94.
      1870 Guy Metals Dr, Hammond, WI
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      Office Space with Highway Visibility

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      2253 US-12, Baldwin, WI
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    FAQs

    What type of property is this?
    Warehouse - 67,300 SF industrial facility with heated warehouse space.
    Where is this warehouse located?
    The property is located at 920 3rd St Hammond, WI.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 67,300 sq ft industrial facility with a mix of heated and unheated warehouse space, newly painted and move‑in ready.; Includes a **140,000 lb capacity truck scale.**; Features 6,000 sq ft of office space.
    (612) 325-3038 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brian Zeller
    Brian Zeller
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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