Manufacturing/Distribution
For Sale
$2,400,000
50 W Fernau Ave, Oshkosh, WI 54901
Manufacturing and distribution space totaling 38,830 SF, with new parking and full sprinkler installation in progress.
Property Size38,830 SF
Price / SF$61.81
Days on Market158
Property Features for 50 W Fernau Ave
General Information
Standard status
Active
Size
38,830 SF
Property subtype
Industrial
Additional Details
Sprinkler System
Yes
Listing Agency:
Minneapolis - St. Paul
(952) 897-7861
Listed By:
Andy Lubinski
(952) 897-7861
Source:
Colliers
Added: Mar 27
Changed: Aug 12
Last Checked: Jul 22 at 8:06AM
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 Minneapolis - St. Paul
Investment Insights
Based on property information with market context.
This manufacturing/distribution building offers 38,830 SF and includes an opportunity for expansion on the north side of the structure. The property is in the process of becoming fully sprinkled, and a new parking lot has been added.
The site is located at 50 W Fernau Ave in Oshkosh, and it is described as being located off Jackson Street (Hwy. 76), providing convenient access to the surrounding roadway network.
With the current configuration and the north-side expansion opportunity, the building is suited for businesses looking for manufacturing or distribution space with ongoing life-safety improvements underway.
The site is located at 50 W Fernau Ave in Oshkosh, and it is described as being located off Jackson Street (Hwy. 76), providing convenient access to the surrounding roadway network.
With the current configuration and the north-side expansion opportunity, the building is suited for businesses looking for manufacturing or distribution space with ongoing life-safety improvements underway.
Key Highlights
- Manufacturing/distribution space totaling 38,830 SF
- New parking lot added
- Full sprinkler installation in progress; property currently in the process of becoming fully sprinkled
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
$192,231
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
8.01%
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%
$3,844,620
$3.8M
Cap Rate 7%
$2,746,157
$2.7M
Cap Rate 9%
$2,135,900
$2.1M
Market Conditions
NOI Build-Up for 38,830 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
$302.9K $7.80/SF
− Vacancy
−$28.3K −$0.73/SF
EGI
$274.6K $7.07/SF
− OpEx
−$82.4K −$2.12/SF
NOI
$192.2K $4.95/SF
Area
Winnebago County, WI
Vacancy
9.33%
Lease Rate
$7.80 /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%
$3,844,620
Cap Rate 7%
$2,746,157
Cap Rate 9%
$2,135,900
Alternative Uses
Best Use
Warehouse
$3.33M
$2.92M – $3.89M
NOI $233,423 @ 7.0% cap · market cap 9.73%
Second Best
Industrial
$2.75M
$2.40M – $3.20M
NOI $192,231 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$8.38M
$7.33M – $9.78M
NOI $586,662 @ 7.0% cap · market cap 24.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 54901, WI
37,594
Population
15,381
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
92%
High-School Grad
16.6 sq mi
ZIP Area
2,265
Density / Sq Mi
$61,734
Median Household Income
$31,289
Median Earnings
$932
Median Rent
$164,000
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 - Manufacturing and distribution space totaling 38,830 SF, with new parking and full sprinkler installation in progress.
Where is this manufacturing property located?
The property is located at 50 W Fernau Ave Oshkosh, WI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Manufacturing/distribution space totaling 38,830 SF; New parking lot added; Full sprinkler installation in progress; property currently in the process of becoming fully sprinkled
