Steel Frame Shop/Warehouse on
3302 Humane Society Rd South Range, WI 54874
For Sale
Contact for pricing
5,000 SF shop/warehouse on 2.5 acres near Hwy 53.
Property Size5,000 SF
Lot Size2.50 Acres
Price / SF$99
Days on Market992
Property Features for 3302 Humane Society Rd
General Information
Standard status
Active
Size
5,000 SF
Lot size
2.50 Acres
Property subtype
Industrial
Listing Agency:
Follmer Commercial Real Estate
(218) 310-0013
Listed By:
Greg Follmer · License #MN 27078
Source:
Crexi
Added: Nov 10, 2023
Changed: Jul 6
Last Checked: Jul 28 at 6:31AM
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 Follmer Commercial Real Estate
Investment Insights
Based on property information with market context.
This 5,000 SF steel frame shop/warehouse is situated on 2.5 acres directly adjacent to Hwy 53, just outside the city limits and above the weight station. The finished building features in-floor heat, a truck lift, and an insulated and finished interior. It includes some offices, a break room, and a fenced area. There are three drive-in doors, two measuring 12 feet and one measuring 9 feet. The property also features a 10,000 LB truck lift. The 2022 taxes were $1,099.06.
Key Highlights
- Steel frame shop/warehouse with 5,000 SF on 2.5 acres.
- Located directly adjacent to Hwy 53, outside city limits.
- Features in‑floor heat and insulated, finished interior.
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 | $29.4k | $5.88 |
| − Vacancy | −$853 | −$0.17 |
| EGI | $28.5k | $5.71 |
| − OpEx | −$4.3k | −$0.86 |
| NOI | $24.3k | $4.85 |
5,000 SF · lease $5.88/SF/yr · vacancy 2.90% · expense 15.00%
Alternative Uses
Best Use
Retail
$876.6K
$767.0K – $1.02M
NOI $61,362 @ 7.0% cap · market cap 12.40%
Second Best
Warehouse
$346.6K
$303.3K – $404.4K
NOI $24,265 @ 7.0% cap · market cap 4.90%
Theoretical Best
Specialty Retail
$1.58M
$1.38M – $1.84M
NOI $110,352 @ 7.0% cap · market cap 22.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Warehouse - 5,000 SF shop/warehouse on 2.5 acres near Hwy 53.
Where is this warehouse located?
The property is located at 3302 Humane Society Rd South Range, WI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Steel frame shop/warehouse with **5,000 SF on 2.5 acres.**; Located directly adjacent to Hwy 53, outside city limits.; Features in‑floor heat and insulated, finished interior.
