Warehouse with Loading
For Sale
Contact for pricing
411-413 E Murdock Ave, Oshkosh, WI 54901
Renovated industrial facility offering flexible building occupancy and indoor or outdoor storage options.
Property Size82,699 SF
Lot Size5.86 Acres
Price / SF$65.30
Days on Market216
Property Features for 411-413 E Murdock Ave
General Information
Standard status
Active
Size
82,699 SF
Total Parking Spaces
71
Lot size
5.86 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Mezzanine
37,885 SF
Dock-High Doors
7
Drive-In Doors
3
Trailer Parking
11
Power
1,200 amps
Voltage
480 V
Three-Phase Power
Yes
Sprinkler System
Yes
Additional Details
Outdoor Storage
Yes
Listing Agency:
NAI Pfefferle
(262) 948-8100
Listed By:
David Hodge
(262) 948-8100
Source:
Moodyscre
Added: Jan 26
Changed: Aug 30
Last Checked: Aug 30 at 1:53AM
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.
The industrial property at 411-413 E Murdock Ave in Oshkosh provides up to 82,699 square feet across 5.862 acres, with demising options beginning at 17,220 square feet. The facility includes seven loading docks, three drive-in doors, a 100% wet sprinkler system, and 1,200-amp, 480V three-phase power. A 37,885-square-foot second-floor mezzanine adds substantial usable area, while new high-bay LED fixtures serve the warehouse space.
Recent improvements include replacement of the parking lot, interior and exterior painting, roof work, mechanical repairs, and upgraded warehouse lighting. On-site parking consists of 11 trailer stalls and 71 employee or visitor spaces. Indoor and outdoor storage arrangements are available for both short-term and long-term occupancy.
Recent improvements include replacement of the parking lot, interior and exterior painting, roof work, mechanical repairs, and upgraded warehouse lighting. On-site parking consists of 11 trailer stalls and 71 employee or visitor spaces. Indoor and outdoor storage arrangements are available for both short-term and long-term occupancy.
Key Highlights
- Up to 82,699 SF available on 5.862 acres
- Seven loading docks and three drive‑in doors
- 37,885 SF second‑floor/mezzanine area
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
$409,408
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
7.58%
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%
$8,188,160
$8.2M
Cap Rate 7%
$5,848,686
$5.8M
Cap Rate 9%
$4,548,978
$4.5M
Market Conditions
NOI Build-Up for 82,699 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
$645.1K $7.80/SF
− Vacancy
−$60.2K −$0.73/SF
EGI
$584.9K $7.07/SF
− OpEx
−$175.5K −$2.12/SF
NOI
$409.4K $4.95/SF
Area
Winnebago County, WI
Vacancy
9.33%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
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%
$8,188,160
Cap Rate 7%
$5,848,686
Cap Rate 9%
$4,548,978
Alternative Uses
Best Use
Warehouse
$7.10M
$6.21M – $8.29M
NOI $497,139 @ 7.0% cap · market cap 9.21%
Second Best
Industrial
$5.85M
$5.12M – $6.82M
NOI $409,408 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$17.85M
$15.62M – $20.82M
NOI $1,249,456 @ 7.0% cap · market cap 23.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Dock-high doors
3
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 54901, WI
37,594
Population
15,381
Households
2.4
Avg Household Size
33
Median Age
24%
College-Educated
92%
High-School Grad
16.6 sq mi
ZIP Area
2,265
Density / Sq Mi
$61,734
Median Household Income
$31,289
Median Earnings
$932
Median Rent
$164,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Renovated industrial facility offering flexible building occupancy and indoor or outdoor storage options.
Where is this warehouse located?
The property is located at 411-413 E Murdock Ave Oshkosh, WI.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: Up to 82,699 SF available on 5.862 acres; Seven loading docks and three drive‑in doors; 37,885 SF second‑floor/mezzanine area
