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    406 Wolf River Plz New London, WI 54961

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    For Lease
    Contact for pricing

    New London Retail Center - High Visibility

    Lot size:
    11,169 SF

    Property Features for 406 Wolf River Plz

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,169 SF

    Spaces For Lease

    at 406 Wolf River Plz, New London, WI 54961 Contact us

    We can help!

    Listing Contact
    Mike Kohne

    Listing Agency: Legacy Commercial Properties Listing Agent: Mike Kohne

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    406 Wolf River Plaza presents a prime retail leasing opportunity in New London, Outagamie County, Wisconsin. This strip center boasts a total of 11,169 square feet, currently 100% vacant and available for lease. The property is situated on a 0.46-acre lot (19,894 square feet) and offers ample parking with 90 spaces, ensuring convenient customer access. Individual spaces range from a minimum of 1,500 square feet to a maximum contiguous space of 7,500 square feet, providing flexibility for various business needs. The building features an expansive storefront designed for high visibility and strong curb appeal, attracting significant foot traffic. Its strategic location within New London offers excellent brand exposure and accessibility. The adaptable interior layout allows for efficient floor planning and customizable designs to suit diverse retail or commercial uses. This property is an exceptional opportunity for businesses seeking a prominent and well-positioned location to thrive. The property's modern amenities and professional exterior create an inviting atmosphere for customers and employees alike. The large parking area ensures ample space for customers and staff. This is a rare opportunity to secure a substantial retail space in a desirable location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    Outagamie
    State
    Wisconsin
    Longitude
    -88.7433108
    Latitude
    44.3946871

    Nearby Similar for Lease

    • Contact for pricing
      1,481 SF

      Prime Retail Space Available

      Retail spaces for lease in downtown New London, WI.
      300-308 Wolf River Plz, New London, WI 54961
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    • Contact for pricing
      3,600 SF

      Prime Retail Space Available

      Retail spaces for lease in downtown New London, Wisconsin.
      300-318 Wolf Riv Pl, New London, WI
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      18,040 SF

      New London Retail Space

      18,040 SF Grocery Store, High Traffic
      1921 Shawano St, New London, WI 54961
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      18,000 SF

      18,000 SF Industrial Building

      New London, WI: Manufacturing/Warehouse
      1923 Shawano St, New London, WI 54961
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    FAQs

    What type of property is this?
    Neighborhood center - New London Retail Center - High Visibility
    Where is this neighborhood center located?
    The property is located at 406 Wolf River Plz New London, WI.
    What are key features of this property?
    This property features: 11,169 SF retail strip center in Outagamie County.; Three available spaces ranging from 1,500 SF to 7,569 SF.; Entire 11,169 SF building is currently vacant.
    Request Owner's contact information
    406 Wolf River Plz New London, WI 54961
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    New London, WI 54961
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    406 Wolf River Plz New London, WI 54961
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