Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3302 Humane Society Rd South Range, WI 54874

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5,000 SF shop/warehouse on 2.5 acres near Hwy 53.

    Type:Industrial
    Property size:
    5,000 SF
    Lot size:
    2.50 Acres
    Price / SF:
    $99/SF
    Added:
    Nov 10, 2023
    Days on Market:
    902
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 3302 Humane Society Rd

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    2.50 Acres
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Greg Follmer

    Listing agent Greg Follmer License #MN 27078

    Listing office Follmer Commercial Real Estate

    Listing date Nov 10, 2023

    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 Follmer Commercial Real Estate

    Overview

    Steel Frame Shop/Warehouse on Hwy

    This 5,000 SF steel frame shop/warehouse is situated on 2.5 acres directly adjacent to Hwy 53, just outside the city limits and above the weight station. The finished building features in-floor heat, a truck lift, and an insulated and finished interior. It includes some offices, a break room, and a fenced area. There are three drive-in doors, two measuring 12 feet and one measuring 9 feet. The property also features a 10,000 LB truck lift. The 2022 taxes were $1,099.06.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Auto Repair Shop Hotel & Motel Bar & Pub Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    South Range
    County
    Douglas
    State
    Wisconsin
    Longitude
    -91.984307
    Latitude
    46.643392

    Nearby Similar for Sale

    • $840,000
      4,500 SF

      Iconic Supper Club Opportunity

      Established restaurant/bar with apartment and expansion potential.
      4368 S County Rd E, South Range, WI 54874
      View Details
    • $139,900
      1,280 SF

      South Range Commercial Building For Sale

      1,280 sq ft commercial building on 3.56 acres.
      7599 E County Road E, South Range, WI 54874
      View Details
    • $149,900
      1,280 SF

      Commercial Building on 3.56 Acres

      1,280 sq ft commercial building with highway visibility.
      7599 County Rd E, South Range, WI 54874
      View Details
    • $495,000
      5,000 SF

      Steel Frame Shop/Warehouse For Sale

      Shop/Warehouse near Hwy 53 on 2.5 acres.
      3302 Humane Society Rd, South Range, WI
      View Details

    FAQs

    What type of property is this?
    Warehouse - 5,000 SF shop/warehouse on 2.5 acres near Hwy 53.
    Where is this warehouse located?
    The property is located at 3302 Humane Society Rd South Range, WI.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Steel frame shop/warehouse with **5,000 SF on 2.5 acres.**; Located directly adjacent to Hwy 53, outside city limits.; Features in‑floor heat and insulated, finished interior.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Greg Follmer
    Real Estate License ID: MN 27078
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!