Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1923 Shawano St New London, WI 54961

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New London, WI: Manufacturing/Warehouse

    Lot size:
    18,000 SF

    Property Features for 1923 Shawano St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,000 SF

    Building Details

    Year Built
    1990
    Buildings
    1

    Spaces For Lease

    at 1923 Shawano St, New London, WI 54961 Contact us

    We can help!

    Listing Contact
    Jordan Gorjian

    Listing Agency: Gorjian Acquisitions Listing Agent: Jordan Gorjian

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 18,000-square-foot industrial building, situated on a 2.71-acre lot in New London, Wisconsin, presents a compelling investment opportunity. Built in 1990, this single-tenant property boasts a freshly resurfaced parking lot providing ample space. Conveniently located on the north side of New London, it offers easy access to Highways 45 and 54, and is surrounded by established businesses including Walmart, Tractor Supply Co., and Walgreens. The property benefits from high daily traffic counts and essential utilities such as water, sewer, gas, and electricity. Zoned MP-0, this versatile space is ideal for manufacturing, warehousing, or distribution. The existing structure offers 18,000 square feet of vacant space, with potential for a +/- 6,400 square foot expansion to the north. This prime commercial location offers significant potential for growth and expansion within a thriving business district. The property is available for lease or sale. A virtual tour is available online. This property is located at 1923 N Shawano St, New London, WI 54961.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Amaral Rebecca D ... Physician Wolf River Eyecare Physician Smoke World Vape (Bike/Boat/Book/etc) Store Rebecca D. Gorges ... Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    Waupaca
    State
    Wisconsin
    Longitude
    -88.7422064
    Latitude
    44.4130098

    Nearby Similar for Lease

    • Contact for pricing
      1,481 SF

      Prime Retail Space Available

      Retail spaces for lease in downtown New London, WI.
      300-308 Wolf River Plz, New London, WI 54961
      View Details
    • Contact for pricing
      3,600 SF

      Prime Retail Space Available

      Retail spaces for lease in downtown New London, Wisconsin.
      300-318 Wolf Riv Pl, New London, WI
      View Details
    • Contact for pricing
      18,040 SF

      New London Retail Space

      18,040 SF Grocery Store, High Traffic
      1921 Shawano St, New London, WI 54961
      View Details
    • Contact for pricing
      11,169 SF

      Wolf River Plaza Retail Space

      New London Retail Center - High Visibility
      406 Wolf River Plz, New London, WI 54961
      View Details

    FAQs

    What type of property is this?
    Distribution property - New London, WI: Manufacturing/Warehouse
    Where is this distribution property located?
    The property is located at 1923 Shawano St New London, WI.
    What are key features of this property?
    This property features: Very well-maintained 18,000 SF industrial building.; Freshly resurfaced parking lot with ample spaces.; Easy access to Highways 45 and 54.
    (516) 858-0238
    Request Owner's contact information
    1923 Shawano St New London, WI 54961
    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.
    1923 Shawano St
    New London, WI 54961
    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
    1923 Shawano St New London, WI 54961
    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

    We can help!
    Listing Contact
    Jordan Gorjian
    (516) 858-0238 (516) 491-2550 (516) 261-2699
    Learn more
    Google sign-in failed. Please try again or use another login method.