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    Leased 10-Screen Cinema Facility Title is generated by Realmo AI

    2555 S 44TH ST, Manitowoc, WI 54220

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    Single-tenant cinema on a large parcel, operated under an absolute NNN lease with substantial remaining term.

    Type:Retail, Industrial, Special Purpose
    Property size:
    35,386 SF
    Lot size:
    7.40 Acres
    Price / SF:
    $14/SF
    Added:
    May 31, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 6 at 3:58 am

    Property Features for 2555 S 44TH ST

    General Information

    Standard status
    Active
    Size
    35,386 SF
    Lot size
    7.40 Acres
    Property subtype
    Retail, Industrial, Special Purpose

    Building Details

    Year Built
    2014

    We can help!

    Listing Contact
    Philip Kates

    Listing agent Philip Kates License #FL 3235872

    Listing office Marcus & Millichap - Fort Lauderdale

    Listing date May 31, 2026

    Source Crexi

    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 Marcus & Millichap - Fort Lauderdale

    HighLights

    • Single‑tenant AMC Classic Manitowoc 10 cinema built in 2014
    • 10‑screen theater totaling 35,386 SF on a 17.4‑acre parcel
    • Currently leased to AMC with $585,284 in annual rental revenue and more than 8 years of remaining term
    • Lease is absolute NNN: roof/structure tenant responsibilities; owner responsible for liability insurance
    • Scheduled rent growth with 5% escalations every five years, plus two five‑year renewal options
    • Located near US‑151 and I‑43 (about 0.4 mi to US‑151 and 0.6 mi to I‑43) with substantial parking

    Overview

    The property is a single-tenant cinema totaling approximately 35,386 square feet, built in 2014 and operating as a 10-screen theater. The site sits on an approximately 17.4-acre parcel and includes substantial parking. The asset is currently leased to AMC and is structured as an absolute NNN lease, with roof and structure responsibilities and tenant obligations clearly defined in the lease terms, while liability insurance is an owner responsibility.

    The property is located at 2555 S 44th Street in Manitowoc, Wisconsin, just off US-151 and near I-43. It sits within Manitowoc’s west-side retail and entertainment corridor and benefits from proximity to a mix of national retailers, hotels, restaurants, and quick-service dining. Additional regional context includes access to the Green Bay area and broader Northeast Wisconsin demand drivers referenced in the offering.

    For buyers or investors seeking a leased entertainment asset, the current AMC lease includes scheduled rent growth with 5% escalations every five years, along with two five-year renewal options. With more than eight years of remaining lease term described in the remarks, this setup provides a long-term income profile tied to contractual lease provisions. The combination of the operating theater, ample site size, and the absolute NNN structure can support an ownership profile with limited landlord obligations.
    Location Intelligence

    Current Use by Public Records

    AMC CLASSIC Manitowoc ... Cinema

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Manitowoc
    County
    Manitowoc
    State
    Wisconsin
    Longitude
    -87.7048785
    Latitude
    44.0685399

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    FAQs

    What type of property is this?
    Theater & concert hall - Single-tenant cinema on a large parcel, operated under an absolute NNN lease with substantial remaining term.
    Where is this theater & concert hall located?
    The property is located at 2555 S 44TH ST Manitowoc, WI.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Single‑tenant AMC Classic Manitowoc 10 cinema built in 2014; 10‑screen theater totaling 35,386 SF on a 17.4‑acre parcel; Currently leased to AMC with $585,284 in annual rental revenue and more than 8 years of remaining term
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Philip Kates
    Real Estate License ID: FL 3235872
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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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