Freestanding Flex Space
For Sale
$850,000
4165 W Parkway Boulevard, Grand Chute, WI 54913
Two separately metered suites combine warehouse areas with private restrooms and dedicated office space in one suite.
Property Size6,000 SF
Price / SF$141.67
Days on Market34
Property Features for 4165 W Parkway Boulevard
General Information
Standard status
Active
Size
6,000 SF
Occupancy
100%
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
16 ft
Three-Phase Power
No
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$2,601
Amenities
private restroom
dedicated office space
overhead doors
concrete floors
floor drains
single-phase electric
fully fenced yard
Building Details
Buildings
1
Building Size
6,000 SF
Construction
masonry
Tenancy
Single
Owner Occupied
Yes
Listing Agency:
Berkshire Hathaway HS Lakes & Land Real Estate
(715) 851-2022
Listed By:
Jade Peebles · License #94-87416
(715) 851-2022
Source:
Exprealty
Added: Jul 20
Changed: Aug 21
Last Checked: Aug 21 at 11:11AM
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 Berkshire Hathaway HS Lakes & Land Real Estate
Investment Insights
Based on property information with market context.
This 6,000 SF freestanding flex space property contains two separately metered suites, each with warehouse area and a private restroom. One suite also provides dedicated office space, allowing the building to support separate occupancy or a single-user configuration. Construction includes fire-resistant masonry, concrete floors with floor drains, 16' ceilings, single-phase electric, and four 14' x 11' overhead doors. A fully fenced yard accompanies paved and gravel parking areas.
The property is located at 4165 W Parkway Boulevard in Grand Chute, Wisconsin, with access to Highways 41, 441, and 15. The building is owner-occupied and scheduled to be vacant at closing, providing flexibility for an incoming occupant or separate suite users.
The property is located at 4165 W Parkway Boulevard in Grand Chute, Wisconsin, with access to Highways 41, 441, and 15. The building is owner-occupied and scheduled to be vacant at closing, providing flexibility for an incoming occupant or separate suite users.
Key Highlights
- 6,000 SF freestanding industrial building with two separately metered suites
- Four 14' x 11' overhead doors and 16' ceilings
- Fire‑resistant masonry construction with concrete floors and floor drains
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
$34,458
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
4.05%
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%
$689,160
$689.2K
Cap Rate 7%
$492,257
$492.3K
Cap Rate 9%
$382,867
$382.9K
Market Conditions
NOI Build-Up for 6,000 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
$56.9K $9.48/SF
− Vacancy
−$3.9K −$0.64/SF
EGI
$53.0K $8.84/SF
− OpEx
−$18.6K −$3.09/SF
NOI
$34.5K $5.74/SF
Area
Outagamie County, WI
Vacancy
6.80%
Lease Rate
$9.48 /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%
$689,160
Cap Rate 7%
$492,257
Cap Rate 9%
$382,867
Alternative Uses
Best Use
Flex RnD
$492.3K
$430.7K – $574.3K
NOI $34,458 @ 7.0% cap · market cap 4.05%
Second Best
Warehouse
$418.1K
$365.8K – $487.8K
NOI $29,267 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,800 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
2
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54913, WI
23,818
Population
9,930
Households
2.4
Avg Household Size
40
Median Age
47%
College-Educated
98%
High-School Grad
64.2 sq mi
ZIP Area
371
Density / Sq Mi
$103,149
Median Household Income
$57,739
Median Earnings
$1,158
Median Rent
$365,400
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?
Flex space - Two separately metered suites combine warehouse areas with private restrooms and dedicated office space in one suite.
Where is this flex space located?
The property is located at 4165 W Parkway Boulevard Grand Chute, WI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 6,000 SF freestanding industrial building with two separately metered suites; Four 14' x 11' overhead doors and 16' ceilings; Fire‑resistant masonry construction with concrete floors and floor drains
