1605 Drum Corps Dr, Menasha, WI 54952

Building Details

Buildings 4 More

Listing Agency: Lighthouse Commercial Real Estate Show Phone

Listed By: David Haug · License WI 57355-90 Show Phone

Source: Moodyscre

Added: Nov 6 Changed: Nov 8 Last Checked: Nov 8 at 5:57PM

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Investment Insights

Based on property information with market context.

This commercial portfolio includes four buildings totaling 59,150 square feet and a vacant parcel of 0.99 acres. The buildings are located in Madison, Menasha, and Germantown, Wisconsin. Under the true NNN structure, the tenant is responsible for operating costs, real estate taxes, special assessments, utilities, and maintenance of structural and building systems, including the roof, foundation, HVAC, electrical, plumbing, and mechanical components.

The Madison property at 4221 Marsh Road contains 11,300 square feet. Menasha includes an 11,200-square-foot building at 1605 Drum Corps Drive and the vacant land parcel identified as TPN 760166601. In Germantown, the portfolio includes buildings of 14,650 square feet at W194 N11055 Kleinmann Drive and 22,000 square feet at W194 N11095 Kleinmann Drive.

Key Highlights

• Four buildings contain a combined 59,150 square feet
• 0.99‑acre vacant parcel in Menasha, identified as TPN 760166601
• 11,300‑square‑foot building at 4221 Marsh Road in Madison

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$355,576

Cap Rate

5.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,111,520 $7.1M

Cap Rate 7%

$5,079,657 $5.1M

Cap Rate 9%

$3,950,844 $4.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 59,150 SF

Gross rent

$461.4K $7.80/SF

− Vacancy

−$43.0K −$0.73/SF

EGI

$418.3K $7.07/SF

− OpEx

−$62.7K −$1.06/SF

NOI

$355.6K $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%

$7,111,520

Cap Rate 7%

$5,079,657

Cap Rate 9%

$3,950,844

Alternative Uses

Best Use

Warehouse

$5.08M

$4.44M – $5.93M (±1% cap)

NOI $355,576 @ 7.0% cap · market cap 5.89%

Second Best

Industrial

$4.18M

$3.66M – $4.88M (±1% cap)

NOI $292,827 @ 7.0% cap · market cap 4.85%

Theoretical Best

Office A

$12.77M

$11.17M – $14.89M (±1% cap)

NOI $893,667 @ 7.0% cap · market cap 14.80%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Great Lakes Roofing ... Roofing Company

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Big Box & Wholesale Store Building Supply Auto Repair Shop

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

Location Intelligence

Trade Area within ½ mile

738

Businesses Nearby

Explore this area Business Placement

Demographics for 54952, WI

27,216

Population

12,412

Households

2.2

Avg Household Size

39

Median Age

25%

College-Educated

93%

High-School Grad

28.1 sq mi

ZIP Area

969

Density / Sq Mi

$67,280

Median Household Income

$44,765

Median Earnings

$906

Median Rent

$190,000

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?

NNN property - The portfolio combines four income-producing buildings with a separate vacant land parcel under a true NNN lease structure.

Where is this nnn property located?

The property is located at 1605 Drum Corps Dr Menasha, WI.

What is the asking price?

The asking price for this property is $6,038,700.

What are key features of this property?

This property features: Four buildings contain a combined 59,150 square feet; 0.99‑acre vacant parcel in Menasha, identified as TPN 760166601; 11,300‑square‑foot building at 4221 Marsh Road in Madison