Flex/Warehouse
For Sale
Contact for pricing
1556 Mid Valley Drive, De Pere, WI 54115
Flex/warehouse space offers a practical combination of warehouse and office-ready utility for business operations.
Property Size12,673 SF
Price / SF$118.36
Days on Market73
Property Features for 1556 Mid Valley Drive
General Information
Standard status
Active
Size
12,673 SF
Property subtype
Retail, Office, Industrial
Zoning
Commercial
Building Details
Year Built
1989
Listing Agency:
NAI Pfefferle
Listed By:
James Wheeler · License #WI 90-49347
Source:
Crexi
Added: Jun 1
Changed: Aug 8
Last Checked: Jun 6 at 5:27AM
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 NAI Pfefferle
Investment Insights
Based on property information with market context.
This flex/warehouse property includes 12,673 SF designed to support both warehouse functions and office-ready use within the same building. The offering is positioned as a combined work-and-storage configuration, making it suitable for tenants or owner-operators that need space for day-to-day operations alongside administrative support.
The property is located at 1556 Mid Valley Drive in De Pere, WI. As a single flex/warehouse building, it can simplify space planning for users looking to manage logistics, storage, and workspace under one roof.
For prospective buyers, this layout can fit a range of industrial and light commercial needs where flexible space is valuable. Tenants seeking a property that can accommodate both operational storage and workplace activity may find the combined flex/warehouse design useful for streamlining their site requirements.
The property is located at 1556 Mid Valley Drive in De Pere, WI. As a single flex/warehouse building, it can simplify space planning for users looking to manage logistics, storage, and workspace under one roof.
For prospective buyers, this layout can fit a range of industrial and light commercial needs where flexible space is valuable. Tenants seeking a property that can accommodate both operational storage and workplace activity may find the combined flex/warehouse design useful for streamlining their site requirements.
Key Highlights
- 12,673 SF flex/warehouse building
- Built in 1989
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
$110,079
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
7.34%
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%
$2,201,580
$2.2M
Cap Rate 7%
$1,572,557
$1.6M
Cap Rate 9%
$1,223,100
$1.2M
Market Conditions
NOI Build-Up for 12,673 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
$182.5K $14.40/SF
− Vacancy
−$13.1K −$1.04/SF
EGI
$169.4K $13.36/SF
− OpEx
−$59.3K −$4.68/SF
NOI
$110.1K $8.69/SF
Area
Brown County, WI
Vacancy
7.20%
Lease Rate
$14.40 /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%
$2,201,580
Cap Rate 7%
$1,572,557
Cap Rate 9%
$1,223,100
Alternative Uses
Best Use
Warehouse
$10.60M
$9.27M – $12.36M
NOI $741,799 @ 7.0% cap · market cap 49.45%
Second Best
Industrial
$8.73M
$7.64M – $10.18M
NOI $610,893 @ 7.0% cap · market cap 40.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54115, WI
48,710
Population
20,415
Households
2.4
Avg Household Size
37
Median Age
40%
College-Educated
96%
High-School Grad
124.0 sq mi
ZIP Area
393
Density / Sq Mi
$92,023
Median Household Income
$46,843
Median Earnings
$1,071
Median Rent
$307,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex/warehouse space offers a practical combination of warehouse and office-ready utility for business operations.
Where is this flex space located?
The property is located at 1556 Mid Valley Drive De Pere, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 12,673 SF flex/warehouse building; Built in 1989
