Industrial Warehouse with Outdoor
426 Ogden Avenue, Superior, WI 54880
For Sale
Contact for pricing
Total Tool Supply occupies the property under an NNN lease with annual rent increases and a five-year renewal option.
Property Size11,200 SF
Lot Size0.70 Acres
Price / SF$96.14
Days on Market18
Property Features for 426 Ogden Avenue
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Highway Access
Outdoor Storage
Warehouse & Industrial
Clear Height
Dock-High Doors
Drive-In Doors
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Property Use
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Northmarq - Tulsa
Listed By:
Melissa McKenzie · License WY #15569
(918) 794-9518
Source:
Crexi
Added: Oct 25
Changed: Nov 8
Last Checked: Nov 10 at 8:50AM
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 Northmarq - Tulsa
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Investment Insights
Based on property information with market context.
At 426 Ogden Avenue in Superior, this 11,200-square-foot industrial facility occupies 0.70 acres and includes outdoor storage. Building features include 16-foot clear height, one dock-high door and one drive-in door. Total Tool Supply uses the property for sales, repairs and warehousing of construction tools and related equipment.
The tenant’s NNN lease runs through October 31, 2029, with 2% annual rent increases and one five-year renewal option at fair market value. The property is near the Port of Duluth-Superior and offers access to Interstate 535, U.S. Highway 53 and Interstate 35. It may be acquired on its own or as part of a four-property portfolio occupied by Total Tool Supply.
The tenant’s NNN lease runs through October 31, 2029, with 2% annual rent increases and one five-year renewal option at fair market value. The property is near the Port of Duluth-Superior and offers access to Interstate 535, U.S. Highway 53 and Interstate 35. It may be acquired on its own or as part of a four-property portfolio occupied by Total Tool Supply.
Key Highlights
- 11,200‑square‑foot facility on 0.70 acres
- 16‑foot clear height with one dock‑high door and one drive‑in door
- Outdoor storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,354
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,080
$1.1M
Cap Rate 7%
$776,486
$776.5K
Cap Rate 9%
$603,933
$603.9K
Market Conditions
NOI Build-Up for 11,200 SF
Gross rent
$65.9K $5.88/SF
− Vacancy
−$1.9K −$0.17/SF
EGI
$63.9K $5.71/SF
− OpEx
−$9.6K −$0.86/SF
NOI
$54.4K $4.85/SF
Area
Douglas County, WI
Vacancy
2.90%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,087,080
Cap Rate 7%
$776,486
Cap Rate 9%
$603,933
Alternative Uses
Best Use
Warehouse
$776.5K
$679.4K – $905.9K
NOI $54,354 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.53M
$3.09M – $4.12M
NOI $247,189 @ 7.0% cap · market cap 22.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
1
Drive-in doors
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 54880, WI
30,400
Population
14,325
Households
2.1
Avg Household Size
39
Median Age
28%
College-Educated
94%
High-School Grad
166.1 sq mi
ZIP Area
183
Density / Sq Mi
$66,942
Median Household Income
$40,813
Median Earnings
$901
Median Rent
$176,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- KO Storage — 1103 Oakes Ave, Superior, WI 54880
- Harvest State Co-Op — 41 Dock St, Superior, WI 54880
- General Mills Terminal S-X — Superior, WI 54880
Frequently Asked Questions
What type of property is this?
Warehouse - Total Tool Supply occupies the property under an NNN lease with annual rent increases and a five-year renewal option.
Where is this warehouse located?
The property is located at 426 Ogden Avenue Superior, WI.
What is the asking price?
The asking price for this property is $1,076,814.
What are key features of this property?
This property features: 11,200‑square‑foot facility on 0.70 acres; 16‑foot clear height with one dock‑high door and one drive‑in door; Outdoor storage area
