Warehouse With Drive-In
New
For Sale
$2,000,000
4424 Dickinson Rd, De Pere, WI 54115
Commercial/Industrial-zoned facility with office area, exterior storage, and parking.
Property Size14,420 SF
Price / SF$138.70
Days on Market4
Property Features for 4424 Dickinson Rd
General Information
Standard status
Active
Size
14,420 SF
Property subtype
Industrial
Zoning
Commercial/Industrial
Additional Details
Outdoor Storage
Yes
Warehouse Space
14,420 SF
Building Details
Year Built
2000
Stories
1
Building Size
14,420 SF
Listing Agency:
(920) 412-8936
Listed By:
Rebecca Larsen
(920) 412-8936
Source:
Cbcworldwide
Added: Aug 28
Changed: Aug 30
Last Checked: Aug 31 at 12:33PM
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 Rebecca Larsen
Investment Insights
Based on property information with market context.
Located at 4424 Dickinson Rd in De Pere, Wisconsin, this warehouse property contains 14,420 square feet and was built in 2000. The building includes large drive-in doors and an adaptable interior arrangement suited to distribution or storage operations, along with substantial office space.
Commercial/Industrial zoning complements the property’s warehouse configuration. Exterior storage and on-site parking add functional support for businesses requiring both enclosed building area and outdoor capacity. The combination of warehouse space, office improvements, drive-in access, and exterior areas creates a practical commercial facility for storage and distribution applications.
Commercial/Industrial zoning complements the property’s warehouse configuration. Exterior storage and on-site parking add functional support for businesses requiring both enclosed building area and outdoor capacity. The combination of warehouse space, office improvements, drive-in access, and exterior areas creates a practical commercial facility for storage and distribution applications.
Key Highlights
- 14,420 square feet of warehouse space
- Large drive‑in doors support loading and access
- Flexible interior layout for distribution or storage
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
$125,253
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
6.26%
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%
$2,505,060
$2.5M
Cap Rate 7%
$1,789,329
$1.8M
Cap Rate 9%
$1,391,700
$1.4M
Market Conditions
NOI Build-Up for 14,420 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
$207.6K $14.40/SF
− Vacancy
−$15.0K −$1.04/SF
EGI
$192.7K $13.36/SF
− OpEx
−$67.4K −$4.68/SF
NOI
$125.3K $8.69/SF
Area
Brown County, WI
Vacancy
7.20%
Lease Rate
$14.40 /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%
$2,505,060
Cap Rate 7%
$1,789,329
Cap Rate 9%
$1,391,700
Alternative Uses
Best Use
Warehouse
$12.06M
$10.55M – $14.07M
NOI $844,058 @ 7.0% cap · market cap 42.20%
Second Best
Industrial
$9.93M
$8.69M – $11.59M
NOI $695,106 @ 7.0% cap · market cap 34.76%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54115, WI
48,710
Population
20,415
Households
2.4
Avg Household Size
37
Median Age
40%
College-Educated
96%
High-School Grad
124.0 sq mi
ZIP Area
393
Density / Sq Mi
$92,023
Median Household Income
$46,843
Median Earnings
$1,071
Median Rent
$307,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial/Industrial-zoned facility with office area, exterior storage, and parking.
Where is this warehouse located?
The property is located at 4424 Dickinson Rd De Pere, WI.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 14,420 square feet of warehouse space; Large drive‑in doors support loading and access; Flexible interior layout for distribution or storage
