Building Details

Year Built 1987

Listing Agency: Century 21 Affiliated

Listed By: Keith D. Sippel · License #91937810 Show Phone

Source: Moving2greenbay

Added: Aug 3 Changed: Oct 13 Last Checked: Oct 7 at 3:05PM

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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 Century 21 Affiliated

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Investment Insights

Based on property information with market context.

This 11,904-square-foot flex property combines an auto service center, a garage-door sales and service business, and 20 self-storage units. The building includes seven overhead doors with service bays, along with substantial storage and shelving. Approximately 7,276 square feet is used by the garage-door operation.

The sale includes inventory, equipment, furniture, fixtures, and vehicles associated with both the garage-door and automotive businesses. An auto-shop tenant and the 20 self-storage units are in place, while the property was built in 1987. The seller may assist with management transition and training.

Key Highlights

• 11,904‑square‑foot flex property built in 1987
• 20 self‑storage units included
• Seven overhead doors with service bays

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$71,560

Cap Rate

6.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,431,200 $1.4M

Cap Rate 7%

$1,022,286 $1.0M

Cap Rate 9%

$795,111 $795.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,904 SF

Gross rent

$92.9K $7.80/SF

− Vacancy

−$8.7K −$0.73/SF

EGI

$84.2K $7.07/SF

− OpEx

−$12.6K −$1.06/SF

NOI

$71.6K $6.01/SF

Area

Winnebago County, WI

Vacancy

9.33%

Lease Rate

$7.80 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,431,200

Cap Rate 7%

$1,022,286

Cap Rate 9%

$795,111

Alternative Uses

Best Use

Retail

$1.63M

$1.43M – $1.91M (±1% cap)

NOI $114,368 @ 7.0% cap · market cap 10.40%

Second Best

Self Storage

$1.54M

$1.35M – $1.79M (±1% cap)

NOI $107,633 @ 7.0% cap · market cap 9.78%

Theoretical Best

Office A

$2.57M

$2.25M – $3.00M (±1% cap)

NOI $179,851 @ 7.0% cap · market cap 16.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Garage Door Specialists Building Supply Doro's Wrenches and Rides Auto Repair Shop Ace Auto Repair Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Restaurant Parking Lot & Garage Pharmacy Hair Salon Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7

Drive-in doors

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

182

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 54956, WI

46,316

Population

20,104

Households

2.3

Avg Household Size

40

Median Age

38%

College-Educated

96%

High-School Grad

61.7 sq mi

ZIP Area

751

Density / Sq Mi

$81,386

Median Household Income

$49,445

Median Earnings

$1,005

Median Rent

$238,200

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Mixed-use commercial property combining automotive service, garage-door operations, and self-storage units.

Where is this flex space located?

The property is located at 1565 Deerwood Dr Neenah, WI.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: 11,904‑square‑foot flex property built in 1987; 20 self‑storage units included; Seven overhead doors with service bays