Industrial Facility with ESFR
585 Enterprise Drive Neenah, WI 54956
For Sale
Contact for pricing
Manufacturing-focused facility offers 26-foot clear height, wet ESFR sprinkling, and multiple loading options for efficient operations.
Property Size115,000 SF
Price / SF$79.13
Days on Market57
Property Features for 585 Enterprise Drive
General Information
- Standard status
- Active
- Size
- 115,000 SF
- Property subtype
- Retail, Industrial
Listing Agency:
NAI Pfefferle
Listed By:
Jonathan Glassco · License #WI
Source:
Crexi
Added: May 28
Changed: Jul 10
Last Checked: Jul 23 at 3:41PM
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 NAI Pfefferle
Investment Insights
Based on property information with market context.
This for-sale industrial facility is designed for manufacturing and warehousing operations, featuring 26-foot clear height and a fully sprinkled wet ESFR fire protection system. Power capacity is supported by 3,000-amp, three-phase service, and the building includes five loading docks plus two drive-in doors, with the reported ability to add more. An air-conditioned manufacturing area helps support controlled conditions, while updated high-efficiency lighting is in place throughout.
The property is located in Neenah’s Southpark Industrial Center and provides adjacent access to I-41 with interstate visibility. A large employee parking lot supports onsite staffing, with parking for approximately 350 vehicles.
With the combination of dock and drive-in loading, strong electrical service, and modern administrative space, the building can accommodate both production and back-office functions. A reported 5,000 square feet of professional office includes large, modern team training rooms, and the site also offers room for building expansion, which may be useful for growing operations that want to remain in place.
The property is located in Neenah’s Southpark Industrial Center and provides adjacent access to I-41 with interstate visibility. A large employee parking lot supports onsite staffing, with parking for approximately 350 vehicles.
With the combination of dock and drive-in loading, strong electrical service, and modern administrative space, the building can accommodate both production and back-office functions. A reported 5,000 square feet of professional office includes large, modern team training rooms, and the site also offers room for building expansion, which may be useful for growing operations that want to remain in place.
Key Highlights
- 26’ clear height manufacturing space with fully sprinkled wet ESFR sprinkler system
- 3,000 AMP 3‑phase power for manufacturing operations
- 5 loading docks plus 2 drive‑in doors (with ability to add more)
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 | $897.0k | $7.80 |
| − Vacancy | −$83.7k | −$0.73 |
| EGI | $813.3k | $7.07 |
| − OpEx | −$122.0k | −$1.06 |
| NOI | $691.3k | $6.01 |
115,000 SF · lease $7.80/SF/yr · vacancy 9.33% · expense 15.00%
Alternative Uses
Best Use
Office B
$18.63M
$16.30M – $21.74M
NOI $1,304,100 @ 7.0% cap · market cap 14.33%
Second Best
Warehouse
$9.88M
$8.64M – $11.52M
NOI $691,313 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$24.82M
$21.72M – $28.96M
NOI $1,737,475 @ 7.0% cap · market cap 19.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Excellerate
Industrial Manufacturer
FAQs
What type of property is this?
Manufacturing property - Manufacturing-focused facility offers 26-foot clear height, wet ESFR sprinkling, and multiple loading options for efficient operations.
Where is this manufacturing property located?
The property is located at 585 Enterprise Drive Neenah, WI.
What is the asking price?
The asking price for this property is $9,100,000.
What are key features of this property?
This property features: 26’ clear height manufacturing space with fully sprinkled wet ESFR sprinkler system; 3,000 AMP 3‑phase power for manufacturing operations; 5 loading docks plus 2 drive‑in doors (with ability to add more)
