Service-Ready Industrial
5223 Oakes Ave Superior, WI 54880
For Sale
$699,000
Steel industrial building with office space, large overhead doors, 220 electrical service, and a fenced yard with electronic gates.
Property Size6,000 SF
Lot Size1.25 Acres
Price / SF$116.50
Days on Market104
Property Features for 5223 Oakes Ave
General Information
Standard status
Active
Size
6,000 SF
Lot size
1.25 Acres
Listing Agency:
Coldwell Banker Realty
(218) 491-1122
Listed By:
Jessica Bellefeuille
(218) 491-1122
Source:
Exprealty
Added: Apr 17
Changed: Jul 26
Last Checked: Jul 29 at 5:08PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Secure, service-ready office/service building with a track record of real-world use. The property consists of a 6,000+ sq. ft. steel structure on 1.25 acres, with practical office build-out including three offices plus a conference room, as well as a large mezzanine office. Inside there is also a bathroom and lunch room, along with substantial storage to support day-to-day operations.
The shop/garage area is designed for functional work, with two large overhead doors sized 20' x 14' and 18' x 14'. The building includes 220 electrical service, forced-air natural gas heat, and a metal roof. City utilities are available, and the fenced yard features electronic gates, providing additional outdoor space for parking and staging.
Zoned M-1, this property is suited to light industrial and contractor-style uses that need both service space and on-site office support.
The shop/garage area is designed for functional work, with two large overhead doors sized 20' x 14' and 18' x 14'. The building includes 220 electrical service, forced-air natural gas heat, and a metal roof. City utilities are available, and the fenced yard features electronic gates, providing additional outdoor space for parking and staging.
Zoned M-1, this property is suited to light industrial and contractor-style uses that need both service space and on-site office support.
Key Highlights
- 6,000+ SF steel M‑1 zoned office/service building on 1.25 acres
- Shop/garage includes two overhead doors: 20' x 14' and 18' x 14'
- 220 electrical service plus forced‑air natural gas heat
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.3k | $5.88 |
| − Vacancy | −$1.0k | −$0.17 |
| EGI | $34.3k | $5.71 |
| − OpEx | −$5.1k | −$0.86 |
| NOI | $29.1k | $4.85 |
6,000 SF · lease $5.88/SF/yr · vacancy 2.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$416.0K
$364.0K – $485.3K
NOI $29,118 @ 7.0% cap · market cap 4.17%
Second Best
Industrial
$346.4K
$303.1K – $404.2K
NOI $24,251 @ 7.0% cap · market cap 3.47%
Theoretical Best
Specialty Retail
$1.89M
$1.66M – $2.21M
NOI $132,423 @ 7.0% cap · market cap 18.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Steel industrial building with office space, large overhead doors, 220 electrical service, and a fenced yard with electronic gates.
Where is this flex space located?
The property is located at 5223 Oakes Ave Superior, WI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 6,000+ SF steel M‑1 zoned office/service building on 1.25 acres; Shop/garage includes two overhead doors: 20' x 14' and 18' x 14'; 220 electrical service plus forced‑air natural gas heat
