Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3810 Calumet Ave Manitowoc, WI 54220

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail strip center anchored by Papa Johns, built in 2024.

    Type:Retail, Special Purpose
    Property size:
    4,875 SF
    Added:
    Jul 2, 2024
    Days on Market:
    658
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 3810 Calumet Ave

    General Information

    Standard status
    Active
    Size
    4,875 SF
    Property subtype
    Retail, Special Purpose

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    George Krause

    Listing agent George Krause License #WI 51721-90

    Listing office Choice Commercial Real Estate LLC

    Listing date Jul 2, 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 Choice Commercial Real Estate LLC

    Overview

    Retail Strip Center For Sale

    This retail strip center, built in 2024, is anchored by Papa Johns and features a total of three spaces. Each space offers 1,500 square feet, contributing to a gross leasable area of 4,875 square feet. The property subtype is freestanding, and it includes parking for approximately 20+ cars. All three spaces are currently leased, and financial details are forthcoming.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Papa Johns Pizza Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Manitowoc
    County
    Manitowoc
    State
    Wisconsin
    Longitude
    -87.6949551
    Latitude
    44.0819339

    Nearby Similar for Sale

    • $389,900
      8,225 SF

      Manitowoc Special Purpose Property

      Updated property with bar, kitchen, garage, and outdoor seating.
      811 Jay St, Manitowoc, WI 54220
      View Details
    • $249,000
      4,032 SF

      Manitowoc Commercial Retail/Office Building

      Well-maintained commercial building suitable for retail, office, or contractor use.
      4326 Michigan Ave, Manitowoc, WI 54220
      View Details
    • $135,000
      1,728 SF

      Manitowoc Multifamily Investment Opportunity

      Two-unit property with strong rental history in Manitowoc, Wisconsin.
      921 S 13TH Street, MANITOWOC, WI 54220
      View Details
    • $194,900

      Solid Brick Two-Family Home

      Two-unit duplex in downtown Manitowoc, perfect for investors.
      2011 Madison St, Manitowoc, WI 54220
      View Details
    • $265,000
      2,706 SF

      Well-Maintained Manitowoc Duplex For Sale

      Spacious upper/lower duplex with strong rental potential in Manitowoc, WI.
      911 ST CLAIR, MANITOWOC, WI 54220
      View Details
    • $1,500,000
      4,875 SF

      New Retail Space Available

      Retail location with spaces available for lease.
      3810 Calumet Ave, Manitowoc, WI 54220
      View Details
    • $1,590,000
      10,020 SF

      Remodeled Showroom with High Visibility

      Remodeled 10,000+ SF showroom with easy highway access.
      6000 County Road JJ -, Manitowoc Rapids, WI 54220
      View Details
    • $1,200,000
      12,686 SF

      Adaptable Medical Office Building

      Single-story medical office with adaptable floor plan and ample parking.
      4801 Expo Drive, Manitowoc, WI, 54220
      View Details
    • $399,900

      Updated Office Building For Sale

      Updated office building with two suites, tenant in place.
      1701 Washington Street, Manitowoc, WI, 54220
      View Details
    • $1,500,000
      4,875 SF

      Retail Location Anchored by PapaJohns

      Retail location anchored by Papa Johns with two additional spaces.
      3810 Calumet Ave, Manitowoc, WI 54220
      View Details
    • $1,853
      1,552 SF

      Manitowoc Retail Space For Sale

      1,552 sq. ft. retail space in high-traffic Manitowoc strip mall.
      3375 Calumet Avenue, Manitowoc, WI, 54220
      View Details
    • $2,499
      2,250 SF

      Manitowoc Retail Space For Sale

      2,250 sq ft retail space in Manitowoc strip mall.
      3399 Calumet Avenue, Manitowoc, WI, 54220
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail strip center anchored by Papa Johns, built in 2024.
    Where is this strip mall located?
    The property is located at 3810 Calumet Ave Manitowoc, WI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Papa Johns Anchored Retail Center; Newly Constructed in 2024; Freestanding Building
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    George Krause
    Real Estate License ID: WI 51721-90
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!