Mixed-Use Property with Cold
For Sale
Contact for pricing
1375 N Shawano St, New London, WI 54961
Multiple commercial buildings combine retail/flex space, cold storage, and mini storage uses on one parcel.
Property Size20,020 SF
Price / SF$59.69
Days on Market140
Property Features for 1375 N Shawano St
General Information
Standard status
Active
Size
20,020 SF
Property subtype
Retail, Mixed Use, Self Storage
Investment Type
Owner/User
Building Details
Year Built
1998
Year Renovated
2000
Buildings
4
Listing Agency:
Drifka Group
(920) 659-0052
Listed By:
Tim Ceman · License #111378 - 94
Source:
Crexi
Added: Apr 14
Changed: Aug 31
Last Checked: Aug 31 at 12:59AM
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
Investment Insights
Based on property information with market context.
This mixed-use commercial property at 1375 N Shawano St in New London, Wisconsin, includes approximately 20,020 square feet across four buildings on ±1.5 acres. The improvements provide a combination of retail/flex, cold storage, and mini storage space.
The front building includes office space, a restroom, kitchenette, and open workspace. A separate unheated cold storage building has overhead doors, while two additional buildings contain 39 mini storage units in varied sizes. The owner operates a business on-site, and the cold storage building may be available for leaseback. Existing business operations and inventory are excluded from the sale. The property was built in 1998 and has newer roofs.
The front building includes office space, a restroom, kitchenette, and open workspace. A separate unheated cold storage building has overhead doors, while two additional buildings contain 39 mini storage units in varied sizes. The owner operates a business on-site, and the cold storage building may be available for leaseback. Existing business operations and inventory are excluded from the sale. The property was built in 1998 and has newer roofs.
Key Highlights
- Approximately 20,020 SF across four buildings
- ±1.5 acres at 1375 N Shawano St, New London, WI
- Traffic counts of ±10,500 vehicles per day
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
$50,385
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
4.22%
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%
$1,007,700
$1.0M
Cap Rate 7%
$719,786
$719.8K
Cap Rate 9%
$559,833
$559.8K
Market Conditions
NOI Build-Up for 20,020 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
$81.7K $4.08/SF
− Vacancy
−$4.2K −$0.21/SF
EGI
$77.5K $3.87/SF
− OpEx
−$27.1K −$1.36/SF
NOI
$50.4K $2.52/SF
Area
Waupaca County, WI
Vacancy
5.10%
Lease Rate
$4.08 /SF/Yr
Expense Ratio
35.00%
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%
$1,007,700
Cap Rate 7%
$719,786
Cap Rate 9%
$559,833
Alternative Uses
Best Use
Mixed Use
$2.31M
$2.02M – $2.69M
NOI $161,621 @ 7.0% cap · market cap 13.52%
Second Best
Self Storage
$2.22M
$1.94M – $2.59M
NOI $155,555 @ 7.0% cap · market cap 13.02%
Theoretical Best
Office A
$3.75M
$3.28M – $4.37M
NOI $262,498 @ 7.0% cap · market cap 21.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 54961, WI
14,122
Population
6,249
Households
2.3
Avg Household Size
43
Median Age
18%
College-Educated
91%
High-School Grad
124.1 sq mi
ZIP Area
114
Density / Sq Mi
$71,337
Median Household Income
$43,960
Median Earnings
$841
Median Rent
$196,600
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?
Mixed-use property - Multiple commercial buildings combine retail/flex space, cold storage, and mini storage uses on one parcel.
Where is this mixed-use property located?
The property is located at 1375 N Shawano St New London, WI.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Approximately 20,020 SF across four buildings; ±1.5 acres at 1375 N Shawano St, New London, WI; Traffic counts of ±10,500 vehicles per day
