Oshkosh Commercial/Industrial Property For
For Sale
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2490 Enterprise Dr, Oshkosh, WI 54904
Commercial/industrial property in Oshkosh's Enterprise Drive business corridor.
Property Size4,150 SF
Price / SF$180.72
Days on Market160
Property Features for 2490 Enterprise Dr
General Information
Standard status
Active
Size
4,150 SF
Property subtype
Office
Building Details
Year Built
1995
Listing Agency:
NAI Pfefferle
(920) 968-4700
Listed By:
Adam Figurin · License #WI 87252
Source:
Crexi
Added: Mar 6
Changed: Jul 6
Last Checked: Aug 12 at 7:10AM
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
Investment Insights
Based on property information with market context.
This commercial/industrial property is located in Oshkosh’s established Enterprise Drive business corridor. The property is positioned near major arterial routes, offering access to I-41 and regional transportation networks. It features visibility within a maintained business park surrounded by commercial users. The property includes parking with access for employees, customers, and delivery vehicles. It is located minutes from amenities including restaurants, retail, lodging, and fuel services. A new 15-year lease with the GSA (General Services Administration) is in place, starting in 2026. The property has a size of 4150 square feet.
Key Highlights
- New 15‑year lease with GSA (General Services Administration)
- Prime location in Oshkosh's Enterprise Drive business corridor
- Easy access to I‑41 and regional transportation networks
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,061
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$941,220
$941.2K
Cap Rate 7%
$672,300
$672.3K
Cap Rate 9%
$522,900
$522.9K
Market Conditions
NOI Build-Up for 4,150 SF
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.
Gross rent
$74.7K $18.00/SF
− Vacancy
−$12.0K −$2.88/SF
EGI
$62.7K $15.12/SF
− OpEx
−$15.7K −$3.78/SF
NOI
$47.1K $11.34/SF
Area
Winnebago County, WI
Vacancy
16.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$941,220
Cap Rate 7%
$672,300
Cap Rate 9%
$522,900
Alternative Uses
Best Use
Office B
$672.3K
$588.3K – $784.4K
NOI $47,061 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$895.7K
$783.8K – $1.05M
NOI $62,700 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Explore this area
Business Placement
Demographics for 54904, WI
21,828
Population
10,029
Households
2.2
Avg Household Size
44
Median Age
42%
College-Educated
96%
High-School Grad
77.9 sq mi
ZIP Area
280
Density / Sq Mi
$95,813
Median Household Income
$51,645
Median Earnings
$915
Median Rent
$258,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercial/industrial property in Oshkosh's Enterprise Drive business corridor.
Where is this office building located?
The property is located at 2490 Enterprise Dr Oshkosh, WI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: New 15‑year lease with GSA (General Services Administration); Prime location in Oshkosh's Enterprise Drive business corridor; Easy access to I‑41 and regional transportation networks
