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    Waupaca Copper Recycling Center Title is generated by Realmo AI

    1975 SPINDT DRIVE, Waupaca, WI 54981

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    Claim this Listing
    For Sale
    Under Contract
    $799,900

    COMMERCIAL - Waupaca, WI

    Property size:
    9,600 SF
    Lot size:
    3.03 Acres
    Price / SF:
    $83/SF
    Added:
    Sep 12, 2025
    Days on Market:
    262
    Last Refresh:
    May 31 at 10:06 am

    Property Features for 1975 SPINDT DRIVE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Size
    9,600 SF
    Lot size
    3.03 Acres

    Utilities

    Heating system
    Baseboard, Forced Air

    Building Details

    Year built
    1997
    Number of units
    1
    Building materials
    Wood, Metal
    Roof type
    Metal

    We can help!

    Listing Contact
    TEAM KITOWSKI

    Listing agent TEAM KITOWSKI License #5272890

    Listing office KPR BROKERS, LLC 2417 Post Rd, Stevens Point, WI

    Listing date Sep 12, 2025

    MLS# 22504382

    Copyright © 2026 Central Wisconsin MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turn‑key copper recycling business with all necessary equipment included, saving hundreds of thousands in start‑up costs.
    • High‑capacity copper recycling line processes 1‑3 tons per hour with 99.98% purity.
    • 9,600 sqft insulated and heated building with 3 loading docks on a 3‑acre lot.
    • Includes existing inventory of recyclable materials and finished product.
    • Convenient location in an industrial park with high visibility and easy highway access.
    • Building constructed of wood and metal with metal roof and built in 1997.

    Overview

    Located in the City of Waupaca, this commercial property presents a business opportunity as a complete copper recycling center. The insulated and heated 9,600 square foot building, situated on a 3.03-acre lot, includes equipment for processing copper wire into ready-to-sell copper chop. The copper recycling line can process 1 to 3 tons of finished product per hour, achieving an average purity level of 99.98%. The property features three loading docks. The sale includes totes of recyclable materials and some finished product samples. Positioned in the industrial park, the property offers high visibility and convenient highway access. This turn-key business opportunity includes the building and materials.

    Local Financial Insights For Industrial

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $86.4k $9.00
    − Vacancy −$5.8k −$0.60
    EGI $80.6k $8.40
    − OpEx −$24.2k −$2.52
    NOI $56.4k $5.88
    9,600 SF · lease $9.00/SF/yr · vacancy 6.70% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $806.1K
    $705.4K – $940.5K (±1% cap)
    NOI $56,428 @ 7.0% cap · market cap 7.05%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.80M
    $1.57M – $2.10M (±1% cap)
    NOI $125,873 @ 7.0% cap · market cap 15.74%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Auto Repair Shop Big Box & Wholesale Store Pharmacy Auto Parts Store Building Supply Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waupaca
    County
    Waupaca
    State
    Wisconsin
    Longitude
    -89.040465
    Latitude
    44.357793

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    • $550,000
      9,600 SF

      Waupaca Industrial Park Building

      Commercial building in Waupaca's industrial park with highway access.
      1975 SPINDT DR, WAUPACA, WI
      View Details
    • $289,900

      Mixed-Use Building with Leased Units

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      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Turn-key copper recycling center with equipment and materials included.
    Where is this manufacturing property located?
    The property is located at 1975 SPINDT DRIVE Waupaca, WI.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: Turn‑key copper recycling business with all necessary equipment included, saving hundreds of thousands in start‑up costs.; High‑capacity copper recycling line processes 1‑3 tons per hour with 99.98% purity.; 9,600 sqft insulated and heated building with 3 loading docks on a 3‑acre lot.
    (715) 598-6367
    We can help!
    Listing Contact
    TEAM KITOWSKI
    Real Estate License ID: 5272890
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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