Two-Level Industrial
For Sale
Contact for pricing
3115 N Roemer Rd, Appleton, WI 54911
Two-level industrial building with two dock doors and a freight elevator connecting both levels.
Property Size22,400 SF
Price / SF$53.57
Days on Market234
Property Features for 3115 N Roemer Rd
General Information
Standard status
Active
Size
22,400 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Dock-High Doors
2
Amenities
freight elevator
Building Details
Stories
2
Listing Agency:
NAI Pfefferle
(920) 968-4700
Listed By:
Teresa Knuth · License #8909694
(920) 427-9473
Source:
Moodyscre
Added: Jan 22
Changed: Sep 12
Last Checked: Sep 12 at 9:07AM
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 two-level industrial building offers a functional layout for warehouse, light manufacturing, or flex industrial use. The first floor provides 16’ clear height, while the garden level provides 9’ clear height. The property includes two dock doors, located on the north and south sides of the building, and a freight elevator serving both levels.
The building is described as having immediate access to Interstate 41 and Highway 441, supporting convenient regional and local transportation for industrial users.
With dock access on two sides and an elevator connecting both floors, the configuration is well-suited for multi-level operations that need straightforward movement between levels.
The building is described as having immediate access to Interstate 41 and Highway 441, supporting convenient regional and local transportation for industrial users.
With dock access on two sides and an elevator connecting both floors, the configuration is well-suited for multi-level operations that need straightforward movement between levels.
Key Highlights
- 22,400 SF two‑level industrial building with functional layout for warehouse, light manufacturing, or flex industrial use
- Immediate access to Interstate 41 and Highway 441 in Appleton
- Two dock doors—one on the north side and one on the south side of the building
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
$109,263
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
9.11%
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%
$2,185,260
$2.2M
Cap Rate 7%
$1,560,900
$1.6M
Cap Rate 9%
$1,214,033
$1.2M
Market Conditions
NOI Build-Up for 22,400 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
$132.4K $5.91/SF
− Vacancy
−$3.8K −$0.17/SF
EGI
$128.5K $5.74/SF
− OpEx
−$19.3K −$0.86/SF
NOI
$109.3K $4.88/SF
Area
Outagamie County, WI
Vacancy
2.90%
Lease Rate
$5.91 /SF/Yr
Expense Ratio
15.00%
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%
$2,185,260
Cap Rate 7%
$1,560,900
Cap Rate 9%
$1,214,033
Alternative Uses
Best Use
Flex RnD
$1.84M
$1.61M – $2.14M
NOI $128,643 @ 7.0% cap · market cap 10.72%
Second Best
Warehouse
$1.56M
$1.37M – $1.82M
NOI $109,263 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$6.18M
$5.40M – $7.21M
NOI $432,321 @ 7.0% cap · market cap 36.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
865
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54911, WI
26,964
Population
11,171
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
8.4 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,747
Median Household Income
$38,591
Median Earnings
$1,010
Median Rent
$199,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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- Appleton Northeast Storage LLC — 3431 N French Rd, Appleton, WI 54911
Frequently Asked Questions
What type of property is this?
Warehouse - Two-level industrial building with two dock doors and a freight elevator connecting both levels.
Where is this warehouse located?
The property is located at 3115 N Roemer Rd 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: 22,400 SF two‑level industrial building with functional layout for warehouse, light manufacturing, or flex industrial use; Immediate access to Interstate 41 and Highway 441 in Appleton; Two dock doors—one on the north side and one on the south side of the building
