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    Expandable Industrial Building in Sheboygan

    3327 Horizon Dr Sheboygan, WI 53081

    3327 Horizon Dr, Sheboygan, WI, 53081
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    100,800 SF building in Sheboygan's South Pointe Enterprise Center.

    Property Size100,800 SF
    Price / SF$96.73
    AddedDec 10, 2024
    Days on Market582
    Last RefreshJul 15 at 3:57 pm

    Property Features for 3327 Horizon Dr

    General Information

    Standard status
    Active
    Size
    100,800 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2023

    Listing office NAI Pfefferle

    Listing date Dec 10, 2024

    Source Crexi

    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.

    Located in the South Pointe Enterprise Center in the City of Sheboygan, this 100,800 SF building is expandable to 200,000 SF. The property features a clear height of 28’ to 34’. Located near I-43, the building is divisible from 17,000 to 100,000 SF, with room for an additional 100,000 SF. Office build-out is possible. The property benefits from Foreign Trade Zone #41 status and very low water rates. An estimated $1.16MM pay-as-you-go TID incentive is included.

    Key Highlights

    • Est. $1.16MM Pay as‑you‑go TID Incentive
    • Expandable building: 100,800 SF (expandable to 200,000 SF)
    • Well‑located in South Pointe Enterprise Center with direct access to I‑43

    Local 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 $907.2k $9.00
    − Vacancy −$4.5k −$0.05
    EGI $902.7k $8.96
    − OpEx −$135.4k −$1.34
    NOI $767.3k $7.61
    100,800 SF · lease $9.00/SF/yr · vacancy 0.50% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $10.96M
    $9.59M – $12.79M (±1% cap)
    NOI $767,264 @ 7.0% cap · market cap 7.87%
    Second Best
    Industrial
    $9.03M
    $7.90M – $10.53M (±1% cap)
    NOI $631,865 @ 7.0% cap · market cap 6.48%
    Theoretical Best
    Office A
    $21.97M
    $19.22M – $25.63M (±1% cap)
    NOI $1,537,789 @ 7.0% cap · market cap 15.77%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Electrical Service HVAC Service Garden Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Butcher Daycare Center Dental Office

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Warehouse - 100,800 SF building in Sheboygan's South Pointe Enterprise Center.
    Where is this warehouse located?
    The property is located at 3327 Horizon Dr Sheboygan, WI.
    What is the asking price?
    The asking price for this property is $9,750,000.
    What are key features of this property?
    This property features: Est. $1.16MM Pay as‑you‑go TID Incentive; **Expandable building: 100,800 SF (expandable to 200,000 SF)**; Well‑located in South Pointe Enterprise Center with direct access to I‑43
    Contact an agent
    (920) 619-6009 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tom Fisk
    Tom Fisk
    Real Estate License ID: WI 90-43258
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