Reedsville Warehouse on 40
For Sale
$539,500
6219 Aspen Road, Reedsville, WI 54230
New warehouse with office, loft, and potential bardominium.
Property Size5,148 SF
Lot Size40.00 Acres
Price / SF$104.80
Days on Market121
Property Features for 6219 Aspen Road
General Information
Standard status
Active
Size
5,148 SF
Lot size
40.00 Acres
Property subtype
Vacant Land / Vacant Land
Listing Agency:
Coldwell Banker Real Estate Group
(920) 993-7355
Listed By:
Keith A Krepline · License #94-34960
(920) 993-7355
Source:
Compass
Added: Apr 1
Changed: Jul 10
Last Checked: Jul 30 at 11:57AM
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 Real Estate Group
Investment Insights
Based on property information with market context.
Located just outside Reedsville, this 40-acre property features a 66x96 warehouse constructed in 2023. The warehouse includes office space and a loft area that is drywalled and ready for finishing, offering over 2300 square feet of finishable space that could be converted into a bardominium with 3 bedrooms, 1.5 bathrooms, a large kitchen, and an upper recreation room. Currently, the space is used as a temporary homeschool. The warehouse area provides approximately 5148 square feet with 20-foot sidewalls, in-floor heating, 6-inch reinforced concrete floors with 2-inch insulation beneath, and a 400 amp electrical service. It also features 3-inch spray foam and 14-inch blown ceiling insulation, a full bath, a half bath, and two 14'x14' overhead doors. A prepped buildable home site with walkout is located on the north side of the property. The property requires a permanent well and septic system and currently uses temporary systems. The seller is offering a $15,000 credit towards new systems. The property offers quick access to Manitowoc, Green Bay, and Appleton.
Key Highlights
- New 66x96 warehouse with office space and finishable loft on 40 acres built in 2023
- Potential for Barndominium conversion with 3BR, 1.5BA, large kitchen, and upper rec room (over 2300SF finishable)
- Warehouse features 5148SF, 20' sidewalls, zoned in‑floor heating, 6" reinforced concrete floors, 400 amp service, and (2) 14'x14' overhead doors**
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 | $27.8k | $5.40 |
| − Vacancy | −$500 | −$0.10 |
| EGI | $27.3k | $5.30 |
| − OpEx | −$4.1k | −$0.80 |
| NOI | $23.2k | $4.51 |
5,148 SF · lease $5.40/SF/yr · vacancy 1.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$331.5K
$290.1K – $386.7K
NOI $23,204 @ 7.0% cap · market cap 4.30%
Second Best
Industrial
$273.0K
$238.9K – $318.5K
NOI $19,109 @ 7.0% cap · market cap 3.54%
Theoretical Best
Specialty Retail
$1.13M
$987.2K – $1.32M
NOI $78,973 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 54230, WI
4,623
Population
1,789
Households
2.6
Avg Household Size
44
Median Age
17%
College-Educated
91%
High-School Grad
109.0 sq mi
ZIP Area
42
Density / Sq Mi
$78,964
Median Household Income
$46,392
Median Earnings
$650
Median Rent
$205,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - New warehouse with office, loft, and potential bardominium.
Where is this agricultural land / farmland located?
The property is located at 6219 Aspen Road Reedsville, WI.
What is the asking price?
The asking price for this property is $539,500.
What are key features of this property?
This property features: New 66x96 warehouse with office space and finishable loft on 40 acres built in 2023; Potential for Barndominium conversion with 3BR, 1.5BA, large kitchen, and upper rec room (over 2300SF finishable); Warehouse features 5148SF, 20' sidewalls, zoned in‑floor heating, 6" reinforced concrete floors, 400 amp service, and (2) 14'x14' overhead doors**
