Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail or Professional Space Available Title is generated by Realmo AI

    1166 Westowne Dr, Neenah, WI 54956

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail or professional space with excellent highway access and ample parking.

    Type:Retail, Office
    Added:
    Feb 11, 2023
    Days on Market:
    1212
    Last Refresh:
    May 12 at 10:48 pm

    Property Features for 1166 Westowne Dr

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Spaces For Lease

    at 1166 Westowne Dr Contact us

    Available Space 2 $14/Mo

    Size
    2,498 SF
    Type
    Retail, Office
    2,489 Square Feet of Professional Office or Retail Space
    Contact us

    We can help!

    Listing Contact
    Tim Ceman
    Tim Ceman

    Listing agent Tim Ceman License #111378 - 94

    Listing office Drifka Group

    Listing date Feb 11, 2023

    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 Drifka Group

    HighLights

    • Excellent access to Hwy 41
    • Ample parking available
    • Direct entry into suites
    • Located in Westowne Village across from Walmart and Kohls
    • Retail or professional space
    • Current tenants include a variety of businesses

    Overview

    This property offers retail or professional space with direct entry into suites. It features excellent access to Highway 41 and ample parking. The property is located in Westowne Village, across from Walmart and Kohls. Current tenants include The Barbershop, Motion Works, Quench, Elysian Nail Salon, Shopko Optical, 9Round Kick-boxing Fitness, and Fox Valley Hearing Center.
    Location Intelligence

    Current Use by Public Records

    Herbalife Quench Nutrition ... Pharmacy

    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
    Neenah
    County
    Winnebago
    State
    Wisconsin
    Longitude
    -88.4933034
    Latitude
    44.1736341

    Nearby Similar for Lease

    • $18 SF/Yr
      4,910 SF

      Downtown Neenah Class A+ Office

      Move-in ready, furnished office space in prime downtown location.
      201 W Wisconsin Ave, Neenah, WI
      View Details
    • $9 SF/Yr
      12,000 SF

      Highway Accessible Warehouse Space

      Warehouse space with customizable plans and convenient highway access.
      2517 W American Dr, Neenah, WI
      View Details
    • $14 SF/Yr
      8,500 SF

      Downtown Neenah Office Space Available

      Office space in downtown Neenah, walking distance to community amenities.
      333 N Commercial St, Neenah, WI
      View Details
    • Contact for pricing
      115,000 SF

      Warehouse/Manufacturing Building in Neenah, WI

      115,000 SF warehouse/manufacturing building with office space. I-41 access.
      585 Enterprise Drive, Neenah, WI 54956
      View Details
    • $4 SF/Yr
      1,120,000 SF

      Large-Scale Industrial & Cold Storage

      1.12M SF logistics/manufacturing campus with cold storage and rail access.
      249 N Lake St, Neenah, WI 54956
      View Details
    • $14 SF/Yr

      Downtown Neenah Office Space Available

      Office space in downtown Neenah, walking distance to amenities.
      333 N Commercial St, Neenah, WI 54956
      View Details
    • $6 SF/Yr
      5,662 SF

      Industrial Space Available For Rent

      Industrial space available, ranging from 2,831 to 5,662 square feet.
      2414 Industrial Dr, Neenah, WI 54956
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease at Fox Point Plaza.
      828 Fox Point Plaza, Neenah, WI 54956
      View Details
    • $10 SF/Yr

      Commercial Space for Lease

      Commercial space available for lease in Fox Crossings, Wisconsin.
      976 American Drive, Fox Crossings, WI 54956
      View Details
    • $14 SF/Yr
      1,534 SF

      Retail Space in Westowne Village

      Retail or professional space with excellent highway access and parking.
      1148-1166 Westowne Dr, Neenah, WI
      View Details
    • $14 SF/Yr

      Modern Office Building with Atrium

      Recently renovated office building with ample natural light and views.
      55 Jewelers Park Dr, Neenah, WI 54956
      View Details
    • Contact for pricing

      Retail Space in Neenah

      Retail space in vibrant Neenah community near downtown.
      1126 S Commercial St, Neenah, WI 54956
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail or professional space with excellent highway access and ample parking.
    Where is this retail space located?
    The property is located at 1166 Westowne Dr Neenah, WI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Excellent access to Hwy 41; Ample parking available; Direct entry into suites
    (920) 659-0052 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Ceman
    Tim Ceman
    Real Estate License ID: 111378 - 94
    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

    Thank You for Inquiry
    1166 Westowne Dr, Neenah, WI 54956
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!