Expandable Industrial Building in
For Sale
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3327 Horizon Dr, Sheboygan, WI 53081
100,800 SF building in Sheboygan's South Pointe Enterprise Center.
Property Size100,800 SF
Price / SF$96.73
Days on Market673
Property Features for 3327 Horizon Dr
General Information
Standard status
Active
Size
100,800 SF
Property subtype
Industrial
Lease Type
NNN
Building Details
Year Built
2023
Listing Agency:
NAI Pfefferle
Listed By:
Tom Fisk · License #WI 90-43258
(920) 619-6009
Source:
Crexi
Added: Dec 10, 2024
Changed: Oct 1
Last Checked: Oct 12 at 6:50PM
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.
Located in the South Pointe Enterprise Center in the City of Sheboygan, this 100,800 SF building is expandable to 200,000 SF. The property features a clear height of 28’ to 34’. Located near I-43, the building is divisible from 17,000 to 100,000 SF, with room for an additional 100,000 SF. Office build-out is possible. The property benefits from Foreign Trade Zone #41 status and very low water rates. An estimated $1.16MM pay-as-you-go TID incentive is included.
Key Highlights
- Est. $1.16MM Pay as‑you‑go TID Incentive
- Expandable building: 100,800 SF (expandable to 200,000 SF)**
- Well‑located in South Pointe Enterprise Center with direct access to I‑43
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$767,264
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,345,280
$15.3M
Cap Rate 7%
$10,960,914
$11.0M
Cap Rate 9%
$8,525,156
$8.5M
Market Conditions
NOI Build-Up for 100,800 SF
Gross rent
$907.2K $9.00/SF
− Vacancy
−$4.5K −$0.05/SF
EGI
$902.7K $8.96/SF
− OpEx
−$135.4K −$1.34/SF
NOI
$767.3K $7.61/SF
Area
Sheboygan County, WI
Vacancy
0.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,345,280
Cap Rate 7%
$10,960,914
Cap Rate 9%
$8,525,156
Alternative Uses
Best Use
Warehouse
$10.96M
$9.59M – $12.79M
NOI $767,264 @ 7.0% cap · market cap 7.87%
Second Best
Industrial
$9.03M
$7.90M – $10.53M
NOI $631,865 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$21.97M
$19.22M – $25.63M
NOI $1,537,789 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53081, WI
43,465
Population
20,121
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
23.3 sq mi
ZIP Area
1,865
Density / Sq Mi
$62,401
Median Household Income
$42,329
Median Earnings
$866
Median Rent
$169,700
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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Frequently Asked Questions
What type of property is this?
Warehouse - 100,800 SF building in Sheboygan's South Pointe Enterprise Center.
Where is this warehouse located?
The property is located at 3327 Horizon Dr Sheboygan, WI.
What is the asking price?
The asking price for this property is $9,750,000.
What are key features of this property?
This property features: Est. $1.16MM Pay as‑you‑go TID Incentive; Expandable building: 100,800 SF (expandable to 200,000 SF)**; Well‑located in South Pointe Enterprise Center with direct access to I‑43
