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

    1977 American Dr Neenah, WI 54956

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

    9,690 SF office building available for purchase.

    Type:Office
    Property size:
    9,690 SF
    Price / SF:
    $77/SF
    Added:
    Oct 11, 2023
    Days on Market:
    932
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for 1977 American Dr

    General Information

    Standard status
    Active
    Size
    9,690 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Kim Johnson

    Listing agent Kim Johnson License #WI 23912-90

    Listing office J. Ross & Associates Appleton

    Listing date Oct 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 J. Ross & Associates Appleton

    Overview

    Neenah Office Building For Sale

    This commercial real estate offering features an office building with 9,690 square feet of space. The property is available for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Heling & Associates CPA's ... Accounting Firm Alliance Insurance Centers Insurance Agency Zarter Matthew Financial Advisor Platinum Wealth Management Financial Advisor

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Neenah
    County
    Winnebago
    State
    Wisconsin
    Longitude
    -88.4692221
    Latitude
    44.2281794

    Nearby Similar for Sale

    • $799,000
      7,200 SF

      Neenah Self-Storage Facility For Sale

      Well-located self-storage facility with expansion potential in Neenah, WI.
      2285 NORTHERN ROAD, Neenah, WI 54956
      View Details
    • $269,900
      1,562 SF

      Neenah Duplex: Income Potential

      Well-kept Neenah duplex with convenient location and income potential.
      831 S COMMERCIAL Street, NEENAH, WI 54956
      View Details
    • $668,000
      3,274 SF

      New Construction Duplex Opportunity

      New construction duplex, perfect for owner-occupancy or investment portfolio.
      2690 PRINCETON Drive, NEENAH, WI 54956-2888
      View Details
    • $460,000
      4,118 SF

      Downtown Neenah Office Space Available

      Office building in downtown Neenah with parking and signage.
      411 S Commercial St, Neenah, WI
      View Details
    • $3,600,000
      43,648 SF

      Neenah Mini Storage Investment

      High-occupancy mini storage facility in a growing metropolitan area.
      215 County Road CB, Neenah, WI 54956
      View Details
    • $900,000
      10,459 SF

      Office Building with Ample Parking

      Office building suitable for investment or owner occupancy in Neenah.
      1303 American Dr, Neenah, WI
      View Details
    • $1,200,000

      Income-Producing Parking Facility Opportunity

      5-acre lot with gated parking, high occupancy, and income.
      187 ROCKWOOD LANE, Neenah, WI 54956
      View Details
    • $2,216,000
      27,700 SF

      Industrial Property with Expansion Potential

      Highly visible industrial property with ample space and expansion opportunities.
      777 Kuehn Ct, Neenah, WI
      View Details
    • $1,850,000
      18,000 SF

      Adaptable Flex Space For Sale

      Modern construction, flexible design, excellent visibility, and ample parking.
      1005 W American Dr, Neenah, WI
      View Details
    • $295,000
      1,998 SF

      Former Bank Building For Sale

      1,998 SF former bank building across from Kimberly-Clark West.
      2415 Augustine Rd, Neenah, WI
      View Details
    • Contact for pricing
      115,630 SF

      Industrial Portfolio Package For Sale

      Three industrial properties in Wisconsin and Michigan, 100% occupied.
      1377 Kimberly Dr, Neenah, WI
      View Details
    • $495,000
      7,532 SF

      Retail Property in Downtown Neenah

      Retail property with high visibility and large overhead door.
      994 Main St, Neenah, WI
      View Details

    FAQs

    What type of property is this?
    Office property - 9,690 SF office building available for purchase.
    Where is this office property located?
    The property is located at 1977 American Dr Neenah, WI.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: No property information provided.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kim Johnson
    Real Estate License ID: WI 23912-90
    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!