Industrial Property with Expansion
For Sale
Contact for pricing
777 Kuehn Ct, Neenah, WI
Highly visible industrial property with ample space and expansion opportunities.
Property Size27,700 SF
Lot Size5.00 Acres
Price / SF$80
Days on Market296
Property Features for 777 Kuehn Ct
General Information
Standard status
Active
Size
27,700 SF
Lot size
5.00 Acres
Property subtype
INDUSTRIAL
Listing Agency:
NAI Pfefferle
(920) 968-4700
Listed By:
Jonathan Glassco
(920) 205-4849
Source:
Moodyscre
Added: Nov 19, 2025
Changed: Sep 9
Last Checked: Sep 11 at 12:19PM
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 highly visible property is located off Interstate 41 in Neenah, just off Winchester Road in North Neenah. The property, formerly a Ford dealership and Kimberly Clark facility, includes over 7 acres of land, providing ample yard space and potential for expansion. The 27,700 square foot building is fully sprinklered and features 2 loading docks and 5 overhead doors. It also has extensive power, making it suitable for manufacturing or industrial use. A building monument sign is present, with the possibility of a future pylon sign.
Key Highlights
- Highly visible location off Interstate 41 and Winchester Road.
- Over 7 acres of land for yard space or expansion.
- Extensive power for manufacturing or industrial use.
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
$166,516
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
7.51%
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%
$3,330,320
$3.3M
Cap Rate 7%
$2,378,800
$2.4M
Cap Rate 9%
$1,850,178
$1.9M
Market Conditions
NOI Build-Up for 27,700 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
$216.1K $7.80/SF
− Vacancy
−$20.2K −$0.73/SF
EGI
$195.9K $7.07/SF
− OpEx
−$29.4K −$1.06/SF
NOI
$166.5K $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%
$3,330,320
Cap Rate 7%
$2,378,800
Cap Rate 9%
$1,850,178
Alternative Uses
Best Use
Warehouse
$2.38M
$2.08M – $2.78M
NOI $166,516 @ 7.0% cap · market cap 7.51%
Second Best
Industrial
$1.96M
$1.71M – $2.29M
NOI $137,131 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$5.98M
$5.23M – $6.98M
NOI $418,505 @ 7.0% cap · market cap 18.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
239
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Business Placement
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Highly visible industrial property with ample space and expansion opportunities.
Where is this manufacturing property located?
The property is located at 777 Kuehn Ct Neenah, WI.
What is the asking price?
The asking price for this property is $2,216,000.
What are key features of this property?
This property features: Highly visible location off Interstate 41 and Winchester Road.; Over 7 acres of land for yard space or expansion.; Extensive power for manufacturing or industrial use.
