Flex Office and Storage
For Sale
$239,900
344 Chute St, Menasha, WI 54952
Versatile office-and-storage building with overhead door access and private parking in downtown Menasha.
Property Size1,955 SF
Price / SF$122.71
Days on Market101
Property Features for 344 Chute St
General Information
Standard status
Active
Size
1,955 SF
Additional Details
Drive-In Doors
1
Building Details
Year Built
1986
Listing Agency:
Expert Real Estate Partners, LLC
Listed By:
Deanna M. Van Thiel
(920) 574-4412
Source:
Moving2greenbay
Added: Jun 12
Changed: Sep 13
Last Checked: Sep 19 at 2:43PM
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 Expert Real Estate Partners, LLC
Investment Insights
Based on property information with market context.
This versatile commercial property has been used as office and storage space and is laid out to support flexible day-to-day operations. A key feature is an overhead door that allows straightforward loading and unloading, complementing the existing enclosed space used for both work areas and storage. The building also includes a private parking lot, providing convenient on-site parking for occupants and visitors.
Located in downtown Menasha, the property offers convenient access for local operations that benefit from a central setting. The site’s in-town positioning is supported by a dedicated parking area, which helps streamline arrival and service needs.
With the combination of office space, storage, and overhead door capability, this property can fit a range of users looking for a single site to run administrative tasks alongside day-to-day storage or light distribution. For buyers, the flexible history as both an office and storage facility supports multiple planning approaches. Please note the listing agent has an ownership interest in the property.
Located in downtown Menasha, the property offers convenient access for local operations that benefit from a central setting. The site’s in-town positioning is supported by a dedicated parking area, which helps streamline arrival and service needs.
With the combination of office space, storage, and overhead door capability, this property can fit a range of users looking for a single site to run administrative tasks alongside day-to-day storage or light distribution. For buyers, the flexible history as both an office and storage facility supports multiple planning approaches. Please note the listing agent has an ownership interest in the property.
Key Highlights
- Versatile commercial property in downtown Menasha, previously used as office and storage space
- Flexible layout with an overhead door for easy loading and unloading
- Includes a private parking lot on site
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
$17,283
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
7.20%
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%
$345,660
$345.7K
Cap Rate 7%
$246,900
$246.9K
Cap Rate 9%
$192,033
$192.0K
Market Conditions
NOI Build-Up for 1,955 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
$29.3K $15.00/SF
− Vacancy
−$2.7K −$1.40/SF
EGI
$26.6K $13.60/SF
− OpEx
−$9.3K −$4.76/SF
NOI
$17.3K $8.84/SF
Area
Winnebago County, WI
Vacancy
9.33%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
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%
$345,660
Cap Rate 7%
$246,900
Cap Rate 9%
$192,033
Alternative Uses
Best Use
Flex RnD
$246.9K
$216.0K – $288.1K
NOI $17,283 @ 7.0% cap · market cap 7.20%
Second Best
Warehouse
$167.9K
$146.9K – $195.9K
NOI $11,752 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$422.0K
$369.2K – $492.3K
NOI $29,537 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54952, WI
27,216
Population
12,412
Households
2.2
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
28.1 sq mi
ZIP Area
969
Density / Sq Mi
$67,280
Median Household Income
$44,765
Median Earnings
$906
Median Rent
$190,000
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?
Flex space - Versatile office-and-storage building with overhead door access and private parking in downtown Menasha.
Where is this flex space located?
The property is located at 344 Chute St Menasha, WI.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Versatile commercial property in downtown Menasha, previously used as office and storage space; Flexible layout with an overhead door for easy loading and unloading; Includes a private parking lot on site
