Flex Warehouse with
2414 Industrial Dr Neenah, WI 54956
For Sale
Contact for pricing
Flex build-outs feature office space over open warehouse/storage with 10’ overhead doors and climate-controlled offices.
Property Size2,831 SF
Price / SF$70
Days on Market1371
Property Features for 2414 Industrial Dr
General Information
Standard status
Active
Size
2,831 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
J Ross & Associates
(920) 903-5528
Listed By:
Jason Gallmeier
Source:
Moodyscre
Added: Oct 28, 2022
Changed: Jul 28
Last Checked: Jul 29 at 4:01PM
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
Investment Insights
Based on property information with market context.
This flex warehouse property includes current build-outs that combine office space with open warehouse and storage areas. Each unit is equipped with 10’ overhead doors and has heat and air conditioning provided for the office portion.
Outside parking is available, with easy access to Highway 41.
The configuration is designed to support day-to-day operations that require both functional workspace and practical warehouse storage within the same unit.
Outside parking is available, with easy access to Highway 41.
The configuration is designed to support day-to-day operations that require both functional workspace and practical warehouse storage within the same unit.
Key Highlights
- Flex build‑outs include office space over open warehouse/storage areas
- Each unit has a 10’ overhead door for warehouse access
- Offices are climate‑controlled with heat and air conditioning
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 | $22.1k | $7.80 |
| − Vacancy | −$2.1k | −$0.73 |
| EGI | $20.0k | $7.07 |
| − OpEx | −$3.0k | −$1.06 |
| NOI | $17.0k | $6.01 |
2,831 SF · lease $7.80/SF/yr · vacancy 9.33% · expense 15.00%
Alternative Uses
Best Use
Office B
$458.6K
$401.3K – $535.1K
NOI $32,104 @ 7.0% cap · market cap 16.20%
Second Best
Flex RnD
$357.5K
$312.8K – $417.1K
NOI $25,027 @ 7.0% cap · market cap 12.63%
Theoretical Best
Office A
$611.0K
$534.7K – $712.9K
NOI $42,772 @ 7.0% cap · market cap 21.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Solea Mexican Grill LLC — 1350 Gillingham Rd, Neenah, WI 54956
- Zuppas Café & Catering — 1540 S Commercial St, Neenah, WI 54956
Frequently Asked Questions
What type of property is this?
Flex space - Flex build-outs feature office space over open warehouse/storage with 10’ overhead doors and climate-controlled offices.
Where is this flex space located?
The property is located at 2414 Industrial Dr Neenah, WI.
What is the asking price?
The asking price for this property is $198,170.
What are key features of this property?
This property features: Flex build‑outs include office space over open warehouse/storage areas; Each unit has a 10’ overhead door for warehouse access; Offices are climate‑controlled with heat and air conditioning
