Sheboygan Office Building For
3422 Wilgus Ave Sheboygan, WI 53081
3422 Wilgus Ave, Sheboygan, WI, 53081
Contact for pricing
For Sale
Contact for pricing
Office building for sale with State of Wisconsin lease.
Property Size8,200 SF
Price / SF$137.38
Days on Market2192
Property Features for 3422 Wilgus Ave
General Information
- Standard status
- Active
- Size
- 8,200 SF
- Property subtype
- Office
Listing agency
NAI Pfefferle
Listed by
T.J. Morice, SIOR · License #WI 89917-94
Source
Crexi
Added: Jul 23, 2020 Updated: Jul 6 at 7:56AM Checked: Jul 22 at 8:48AM
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 NAI Pfefferle
Investment Insights
Based on property information with market context.
This commercial real estate property is an office building with a State of Wisconsin lease. The property has a size of 8200 square feet.
Key Highlights
- State of WI lease
Local Financial Insights For Office B
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 | $142.7k | $17.40 |
| − Vacancy | −$23.5k | −$2.87 |
| EGI | $119.1k | $14.53 |
| − OpEx | −$29.8k | −$3.63 |
| NOI | $89.4k | $10.90 |
8,200 SF · lease $17.40/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,353 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.56M – $2.08M
NOI $125,098 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Probation & Parole Division
Probation Office
Division-Community Corrections
Prison
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building for sale with State of Wisconsin lease.
Where is this office building located?
The property is located at 3422 Wilgus Ave Sheboygan, WI.
What is the asking price?
The asking price for this property is $1,126,528.
What are key features of this property?
This property features: State of WI lease
