Industrial Property with Paved
For Sale
Contact for pricing
1851 S Alverno Rd, Manitowoc, WI 54220
Industrial property with surface parking and a separate paved lot available for lease.
Property Size36,942 SF
Price / SF$87.98
Days on Market262
Property Features for 1851 S Alverno Rd
General Information
Standard status
Active
Size
36,942 SF
Property subtype
Office, Industrial, Mixed Use
Additional Details
Cap Rate
6.5%
Highway Access
Yes
Building Details
Year Built
2007
Year Renovated
2012
Buildings
1
Stories
1
Listing Agency:
Colliers - Appleton/Fox Valley, Wisconsin
Listed By:
Tammy Balzar · License #WI-WI
(920) 739-5300
Source:
Crexi
Added: Jan 27
Changed: Oct 5
Last Checked: Oct 16 at 6:33AM
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 Colliers - Appleton/Fox Valley, Wisconsin
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial property at 1851 S Alverno Rd includes 10,537 SF available for lease, along with surface parking for users and visitors. A separate paved lot spanning 2.87 acres is also available for lease, adding flexibility for operations requiring additional outdoor area.
The property is near Interstate 43 and is offered for sale. An as-is cap rate of 6.5% is provided for evaluation.
The property is near Interstate 43 and is offered for sale. An as-is cap rate of 6.5% is provided for evaluation.
Key Highlights
- 10,537 SF available to lease
- Additional paved lot measuring 2.87 AC available for lease
- Near Interstate 43
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,127
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,742,540
$2.7M
Cap Rate 7%
$1,958,957
$2.0M
Cap Rate 9%
$1,523,633
$1.5M
Market Conditions
NOI Build-Up for 36,942 SF
Gross rent
$199.5K $5.40/SF
− Vacancy
−$3.6K −$0.10/SF
EGI
$195.9K $5.30/SF
− OpEx
−$58.8K −$1.59/SF
NOI
$137.1K $3.71/SF
Area
Manitowoc County, WI
Vacancy
1.80%
Lease Rate
$5.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,742,540
Cap Rate 7%
$1,958,957
Cap Rate 9%
$1,523,633
Alternative Uses
Best Use
Industrial
$1.96M
$1.71M – $2.29M
NOI $137,127 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.10M
$7.08M – $9.45M
NOI $566,709 @ 7.0% cap · market cap 17.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 54220, WI
40,737
Population
18,942
Households
2.2
Avg Household Size
44
Median Age
24%
College-Educated
91%
High-School Grad
98.7 sq mi
ZIP Area
413
Density / Sq Mi
$65,188
Median Household Income
$40,791
Median Earnings
$790
Median Rent
$159,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property with surface parking and a separate paved lot available for lease.
Where is this industrial property located?
The property is located at 1851 S Alverno Rd Manitowoc, WI.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 10,537 SF available to lease; Additional paved lot measuring 2.87 AC available for lease; Near Interstate 43
