Warehouse with Operational Feed
N1849 Municipal Dr Greenville, WI
For Sale
Contact for pricing
1.76 acre lot with warehouse, feed mill, rail access.
Property Size4,400 SF
Lot Size1.47 Acres
Price / SF$89.77
Days on Market696
Property Features for N1849 Municipal Dr
General Information
Standard status
Active
Size
4,400 SF
Lot size
1.47 Acres
Property subtype
INDUSTRIAL
Listing Agency:
AssuredCRE LLC
(608) 338-4410
Listed By:
Steve Turner
(608) 338-4410
Source:
Moodyscre
Added: Sep 2, 2024
Changed: Jul 10
Last Checked: Jul 21 at 6:15AM
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 AssuredCRE LLC
Investment Insights
Based on property information with market context.
This property features a 98 x 48 warehouse with 4,400 square feet of space, complemented by three drive-in doors and a dock. It includes an operational feed mill and formerly had rail access. The property is situated on a 1.76-acre lot.
Key Highlights
- Operational feed mill
- 1.76 acre lot
- 98 x 48 warehouse
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 | $26.0k | $5.91 |
| − Vacancy | −$754 | −$0.17 |
| EGI | $25.2k | $5.74 |
| − OpEx | −$3.8k | −$0.86 |
| NOI | $21.5k | $4.88 |
4,400 SF · lease $5.91/SF/yr · vacancy 2.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$306.6K
$268.3K – $357.7K
NOI $21,462 @ 7.0% cap · market cap 5.43%
Second Best
Industrial
$252.5K
$220.9K – $294.6K
NOI $17,675 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $84,920 @ 7.0% cap · market cap 21.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Warehouse - 1.76 acre lot with warehouse, feed mill, rail access.
Where is this warehouse located?
The property is located at N1849 Municipal Dr Greenville, WI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Operational feed mill; 1.76 acre lot; 98 x 48 warehouse
