Building Details

Year Built 1965

Tenancy Single

Listing Agency: NAI Pfefferle

Listed By: David Hodge · License #WI 60355-90 Show Phone

Source: Crexi

Added: Jun 11 Changed: Oct 13 Last Checked: Oct 19 at 5:19AM

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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 NAI Pfefferle

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Investment Insights

Based on property information with market context.

Well-maintained manufacturing/industrial building located in the Columbus Street Industrial Park. The property includes 31,920 SF of building space and sits on 7.93 total acres, with 5.58 acres designated as developable land.

The site offers convenient access to Manitowoc and Green Bay, and is positioned near downtown Two Rivers.

The acreage mix supports both current building use and additional development opportunity within the same parcel.

Key Highlights

• Well‑maintained manufacturing/industrial building in Columbus Street Industrial Park
• 31,920 SF building space
• 7.93 total acres, including 5.58 developable land

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$118,486

Cap Rate

9.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,369,720 $2.4M

Cap Rate 7%

$1,692,657 $1.7M

Cap Rate 9%

$1,316,511 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 31,920 SF

Gross rent

$172.4K $5.40/SF

− Vacancy

−$3.1K −$0.10/SF

EGI

$169.3K $5.30/SF

− OpEx

−$50.8K −$1.59/SF

NOI

$118.5K $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%

$2,369,720

Cap Rate 7%

$1,692,657

Cap Rate 9%

$1,316,511

Alternative Uses

Best Use

Industrial

$1.69M

$1.48M – $1.97M (±1% cap)

NOI $118,486 @ 7.0% cap · market cap 9.11%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$7.00M

$6.12M – $8.16M (±1% cap)

NOI $489,669 @ 7.0% cap · market cap 37.67%

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

Property Analytics

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Current Use

Fiber Spec LLC. General Contractor Graphic Design & Screen ... Marketing & Advertising

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Dental Office Law Firm Big Box & Wholesale Store

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

52

Businesses Nearby

Explore this area Business Placement

Demographics for 54241, WI

14,258

Population

7,013

Households

2

Avg Household Size

48

Median Age

22%

College-Educated

94%

High-School Grad

67.4 sq mi

ZIP Area

212

Density / Sq Mi

$63,415

Median Household Income

$40,659

Median Earnings

$757

Median Rent

$146,000

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?

Manufacturing property - Well-maintained manufacturing/industrial building in Columbus Street Industrial Park with 31,920 SF on 7.93 acres.

Where is this manufacturing property located?

The property is located at 1912 Columbus Street Two Rivers, WI.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: Well‑maintained manufacturing/industrial building in Columbus Street Industrial Park; 31,920 SF building space; 7.93 total acres, including 5.58 developable land