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    355 Byrd Ave Neenah, WI 54956

    For Sale
    $18,500,000

    389,000 SF Warehouse, Value-Add Potential

    Property size:
    388,988 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 388,988-square-foot industrial facility in Neenah, Wisconsin, presents a compelling investment or owner-user opportunity. Currently partially occupied, 123,020 square feet will become available January 1, 2025, offering significant lease potential at $4.50 per square foot, triple net. Built in 1979 and renovated in 1994, the property boasts 16 loading docks, one grade-level door, and a substantial 25' to 30' ceiling height. Situated on 15.6 acres with an additional 2 acres of parking, it provides ample space for operations and over 200 paved parking spots. The property features a Canadian Pacific rail spur (currently inactive), a robust power supply (7500-9375 KVA @ 55 C AO/FA), and a comprehensive HVAC system including three chillers (1000, 500, and 250 tons) and an 8,369 MBH boiler. The building's construction is steel and masonry with metal siding and a built-up rubber membrane roof. The reinforced concrete floors are suitable for heavy industrial use, and the property is zoned for heavy industrial applications. The asking price is $18,500,000 ($47.56 per square foot). This property offers a rare combination of size, location, and potential for significant return on investment.

    Property Features for 355 Byrd Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    388,988 SF

    Building Details

    Year Built/Renovated
    1979/1994

    HighLights

    • 388,988 square foot building.
    • 123,020 square feet available for occupancy January 1, 2025.
    • 16 dock‑high loading doors and 1 grade‑level door.
    • 17.6‑acre site (15.6 acres + 2‑acre parking lot) with 200+ paved parking spaces.
    • Clear height ranging from 25' to 30'.
    • Canadian Pacific rail spur (currently inactive).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thill Logistics, Inc. Trucking Company Trilliant Food Warehouse VPI- Valley Packaging ... Business To Business Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Neenah
    County
    Winnebago
    State
    Wisconsin
    Longitude
    -88.4745591
    Latitude
    44.1651489

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    FAQs

    What type of property is this?
    Distribution property - 389,000 SF Warehouse, Value-Add Potential
    Where is this distribution property located?
    The property is located at 355 Byrd Ave Neenah, WI.
    What is the asking price?
    The asking price for this property is $18,500,000.
    What are key features of this property?
    This property features: 388,988 square foot building.; 123,020 square feet available for occupancy January 1, 2025.; 16 dock-high loading doors and 1 grade-level door.
    Request Owner's contact information
    355 Byrd Ave Neenah, WI 54956
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    Realmo Value Estimation

    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.

    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.

    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
    355 Byrd Ave Neenah, WI 54956
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