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    Appleton Warehouse with Loading Dock Title is generated by Realmo AI

    234 W Northland Ave, Appleton, WI

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    12,800 SF warehouse featuring loading dock and billboard income.

    Type:INDUSTRIAL
    Property size:
    12,800 SF
    Lot size:
    1.10 Acres
    Price / SF:
    $93/SF
    Added:
    Sep 17, 2024
    Days on Market:
    634
    Last Refresh:
    May 20 at 8:25 pm

    Property Features for 234 W Northland Ave

    General Information

    Standard status
    Active
    Size
    12,800 SF
    Lot size
    1.10 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Jason Gallmeier
    Jason Gallmeier

    Listing agent Jason Gallmeier

    Listing office J Ross & Associates

    Listing date Sep 17, 2024

    Source Moodyscre

    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 J Ross & Associates

    HighLights

    • Loading dock for easy shipments.
    • Three (3) Phase Power ready.
    • Building fully air conditioned with a 19 ton HVAC system.
    • Ten (10) foot overhead door.
    • Additional income from LAMAR Billboard on the property.
    • New Roof installed in 2016.

    Overview

    This 12,800 square foot warehouse property is available for sale. It features a loading dock and a ten-foot overhead door. The building is fully air conditioned with a 19-ton HVAC system. The property benefits from three-phase power. A new roof was installed in 2016, and the parking lot has been recently sealed. Additional income is generated from a LAMAR billboard.

    Local Financial Insights For Warehouse

    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 $75.6k $5.91
    − Vacancy −$2.2k −$0.17
    EGI $73.5k $5.74
    − OpEx −$11.0k −$0.86
    NOI $62.4k $4.88
    12,800 SF · lease $5.91/SF/yr · vacancy 2.90% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $891.9K
    $780.5K – $1.04M (±1% cap)
    NOI $62,436 @ 7.0% cap · market cap 5.20%
    Second Best
    Industrial
    $734.5K
    $642.7K – $857.0K (±1% cap)
    NOI $51,418 @ 7.0% cap · market cap 4.28%
    Theoretical Best
    Office A
    $3.53M
    $3.09M – $4.12M (±1% cap)
    NOI $247,040 @ 7.0% cap · market cap 20.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    • Atlas Cold Storage — 2000 W Pershing St, Appleton, WI 54914
    • Appleton North Storage — 816 W Capitol Dr, Appleton, WI 54914
    • RFP Storage — 1816 W Northland Ave, Appleton, WI 54914

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.4085
    Latitude
    44.2879

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    FAQs

    What type of property is this?
    Warehouse - 12,800 SF warehouse featuring loading dock and billboard income.
    Where is this warehouse located?
    The property is located at 234 W Northland Ave Appleton, WI.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Loading dock for easy shipments.; Three (3) Phase Power ready.; Building fully air conditioned with a 19 ton HVAC system.
    (920) 428-8884 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason Gallmeier
    Jason Gallmeier
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