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    27,900 SF Leased Industrial Facility Title is generated by Realmo AI

    2785 Park Avenue, Beloit, WI 53511

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    Claim this Listing
    For Sale
    $1,450,000

    Fully leased industrial facility with drive-in doors and outdoor storage.

    Property size:
    27,900 SF
    Lot size:
    2.26 Acres
    Price / SF:
    $51/SF
    Added:
    Jul 23, 2024
    Days on Market:
    690
    Last Refresh:
    Jan 11 at 11:07 am

    Property Features for 2785 Park Avenue

    General Information

    Standard status
    Active
    Size
    27,900 SF
    Lot size
    2.26 Acres

    We can help!

    Listing Contact
    Brian Parrish

    Listing agent Brian Parrish

    Listing office Paradigm Real Estate

    Listing date Jul 23, 2024

    Source Exprealty

    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 Paradigm Real Estate

    HighLights

    • Fully leased investment opportunity
    • 27,900 SF facility
    • Two tenants currently occupying the property
    • Benefit from 8 drive‑in doors
    • Heavy power
    • Yard space for outdoor storage

    Overview

    This 27,900 SF industrial facility is fully leased to two tenants, presenting an investment opportunity. The property features 8 drive-in doors, heavy power, and yard space suitable for outdoor storage.

    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 $113.8k $4.08
    − Vacancy −$10.2k −$0.37
    EGI $103.6k $3.71
    − OpEx −$15.5k −$0.56
    NOI $88.0k $3.16
    27,900 SF · lease $4.08/SF/yr · vacancy 9.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.26M
    $1.10M – $1.47M (±1% cap)
    NOI $88,049 @ 7.0% cap · market cap 6.07%
    Second Best
    Industrial
    $1.11M
    $970.1K – $1.29M (±1% cap)
    NOI $77,611 @ 7.0% cap · market cap 5.35%
    Theoretical Best
    Office A
    $6.70M
    $5.87M – $7.82M (±1% cap)
    NOI $469,323 @ 7.0% cap · market cap 32.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    • Four Star Mini Storage — 2729 S Bartells Dr, Beloit, WI 53511
    • Adelman Storage — 1230 E Inman Pkwy, Beloit, WI 53511
    • All Storage — 1568 Gale Dr, Beloit, WI 53511
    • B & Z Enterprises/Storage LLC — 1650 Gale Dr, Beloit, WI 53511
    • Just Simple Storage - Beloit, WI — 1420 Gale Dr, Beloit, WI 53511

    Location Insight

    • Map
    • Local Demand
    City
    Beloit
    County
    Rock
    State
    Wisconsin
    Longitude
    -89.0252
    Latitude
    42.5528

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    FAQs

    What type of property is this?
    Warehouse - Fully leased industrial facility with drive-in doors and outdoor storage.
    Where is this warehouse located?
    The property is located at 2785 Park Avenue Beloit, WI.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Fully leased investment opportunity; 27,900 SF facility; Two tenants currently occupying the property
    (262) 717-5151
    We can help!
    Listing Contact
    Brian Parrish
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