Insulated Warehouse Storage
For Sale
$259,900
7577 Blacktop Way Unit 29, Neenah, WI 54956
Turnkey warehouse condo suited to small-business operations, hobbies, and secure storage with individually selected finishes.
Property Size2,560 SF
Price / SF$101.52
Days on Market34
Property Features for 7577 Blacktop Way Unit 29
General Information
Standard status
Active
Size
2,560 SF
Warehouse & Industrial
Drive-In Doors
1
Power
200 amps
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Score Realty Group, LLC
(920) 731-4100
Listed By:
Andrew D. Boehm
Source:
Moving2greenbay
Added: Jul 28
Changed: Aug 28
Last Checked: Aug 29 at 12:15PM
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 Score Realty Group, LLC
Investment Insights
Based on property information with market context.
Unit 29 is a 2,560-square-foot warehouse storage condo scheduled for 2026 completion at 7577 Blacktop Way in Neenah, Wisconsin. The planned build includes an insulated, steel-lined interior, OSB wall surfaces, concrete flooring, a floor drain, hose faucets, a half bath, and a slop sink. A 14-foot overhead door with operator supports access to the unit, while 200-amp electrical service accommodates a range of small-business, hobby, and storage functions.
The property will be delivered turnkey for the buyer, with finish selections available through the build process. Each building is individually owned, and the HOA handles lawn and snow maintenance. Additional upgrades are available based on the selected build specifications.
The property will be delivered turnkey for the buyer, with finish selections available through the build process. Each building is individually owned, and the HOA handles lawn and snow maintenance. Additional upgrades are available based on the selected build specifications.
Key Highlights
- 2,560 SF warehouse storage condo at 7577 Blacktop Way Unit 29
- Scheduled for 2026 completion with turnkey delivery for buyer
- 14' overhead door with operator and 200 amp electrical service
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
$15,389
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
5.92%
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%
$307,780
$307.8K
Cap Rate 7%
$219,843
$219.8K
Cap Rate 9%
$170,989
$171.0K
Market Conditions
NOI Build-Up for 2,560 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
$20.0K $7.80/SF
− Vacancy
−$1.9K −$0.73/SF
EGI
$18.1K $7.07/SF
− OpEx
−$2.7K −$1.06/SF
NOI
$15.4K $6.01/SF
Area
Winnebago County, WI
Vacancy
9.33%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
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%
$307,780
Cap Rate 7%
$219,843
Cap Rate 9%
$170,989
Alternative Uses
Best Use
Warehouse
$219.8K
$192.4K – $256.5K
NOI $15,389 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$552.5K
$483.5K – $644.6K
NOI $38,678 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54956, WI
46,316
Population
20,104
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
96%
High-School Grad
61.7 sq mi
ZIP Area
751
Density / Sq Mi
$81,386
Median Household Income
$49,445
Median Earnings
$1,005
Median Rent
$238,200
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.
Similar Off Market Nearby
- High Ridge Storage — 8042 WI-76, Neenah, WI 54956
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Frequently Asked Questions
What type of property is this?
Warehouse - Turnkey warehouse condo suited to small-business operations, hobbies, and secure storage with individually selected finishes.
Where is this warehouse located?
The property is located at 7577 Blacktop Way Unit 29 Neenah, WI.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 2,560 SF warehouse storage condo at 7577 Blacktop Way Unit 29; Scheduled for 2026 completion with turnkey delivery for buyer; 14' overhead door with operator and 200 amp electrical service
