Building Details

Year Built 1994

Buildings 1

Building Size 28,000 SF

Listing Agency: 4% Realty

Listed By: William G. Seims · License #90-47376 Show Phone

Source: Moving2greenbay

Added: Aug 24 Changed: Oct 2 Last Checked: Oct 12 at 9:08PM

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Investment Insights

Based on property information with market context.

The commercial building at 4454 Mill Rd includes dedicated office areas alongside warehouse space suitable for storage or business operations. The property was built in 1994 and is currently occupied under a short-term lease, with lease details available from the seller.

The offering also includes the residential home listing identified as 4432 Mill Rd, together with an east portion of tax parcel M-277 and Parcel M2 77-2. The combined offering is associated with more than 15 acres.

Key Highlights

• Office and warehouse areas within the same commercial building
• Currently leased on a short‑term basis
• Built in 1994

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$252,947

Cap Rate

7.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,058,940 $5.1M

Cap Rate 7%

$3,613,529 $3.6M

Cap Rate 9%

$2,810,522 $2.8M

Market Conditions

NOI Build-Up for 29,121 SF

Gross rent

$419.3K $14.40/SF

− Vacancy

−$30.2K −$1.04/SF

EGI

$389.1K $13.36/SF

− OpEx

−$136.2K −$4.68/SF

NOI

$252.9K $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 Rate 5%

$5,058,940

Cap Rate 7%

$3,613,529

Cap Rate 9%

$2,810,522

Alternative Uses

Best Use

Warehouse

$24.35M

$21.31M – $28.41M (±1% cap)

NOI $1,704,563 @ 7.0% cap · market cap 49.99%

Second Best

Industrial

$20.05M

$17.55M – $23.40M (±1% cap)

NOI $1,403,758 @ 7.0% cap · market cap 41.17%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Flex space

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 54208, WI

6,363

Population

2,343

Households

2.7

Avg Household Size

41

Median Age

24%

College-Educated

95%

High-School Grad

99.3 sq mi

ZIP Area

64

Density / Sq Mi

$90,956

Median Household Income

$47,324

Median Earnings

$745

Median Rent

$245,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - A 1994 commercial facility combines office areas with warehouse space and is currently leased on a short-term basis.

Where is this flex space located?

The property is located at 4454 Mill Rd Denmark, WI.

What is the asking price?

The asking price for this property is $3,410,000.

What are key features of this property?

This property features: Office and warehouse areas within the same commercial building; Currently leased on a short‑term basis; Built in 1994