Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    37.54 ac Semi Dr Francis Creek, WI 54220
    Property profile & analytics

    37.54 ac Semi Dr, Francis Creek, WI 54220

    View on Map
    • Retail properties & Spaces
    • 37.54 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 37.54 ac Semi Dr

    Lot size
    37.54 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This 37.54-acre parcel in Francis Creek, Wisconsin, offers exceptional commercial potential. Located on the I-43 corridor, it boasts high visibility and accessibility with approximately 20,000 vehicles passing daily. Currently used for agriculture (alfalfa), the land enjoys a gradual slope from Hillcrest Dr. The Village of Francis Creek has tentatively approved light industrial zoning, but is open to other suitable proposals. This presents a unique opportunity for various commercial ventures, capitalizing on its prime location near multiple existing businesses. The property's 2023 taxes were $149. An additional 20.56 adjacent acres bordering the interstate are also available. This strategic location and flexible zoning make this a compelling investment opportunity in a thriving area. The parcel's APN is 3202200100100. The asking price is $559,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Francis Creek
    County
    Manitowoc
    State
    Wisconsin
    Longitude
    -87.7241
    Latitude
    44.1956

    Comparable in this City

    • Value Estimation by Request
      20.56 Acres

      Semi Dr

      Farms
      0 Semi Dr, Francis Creek, WI 54220
      View Details
    • Value Estimation by Request
      23.38 Acres

      7710 Stone Rd

      Farms
      7710 Stone Rd, Manitowoc, WI 54220
      View Details
    • Value Estimation by Request
      9,000 SF

      4626-4716 Calumet Ave

      Land
      4626-4716 Calumet Ave, Manitowoc, WI 54220
      View Details
    • Value Estimation by Request
      7,500 SF

      Nec Rpd Rd & Dewey St

      Individual retail properties
      0 Nec Rpd Rd & Dewey St, Manitowoc, WI 54220
      View Details
    • Value Estimation by Request
      2.00 Acres

      44Th St

      Retail properties & Spaces
      0 44Th St, Manitowoc, WI 54220
      View Details
    • Value Estimation by Request
      2.61 Acres

      1510 Randolph Ct

      Land
      1510 Randolph Ct, Manitowoc, WI 54220
      View Details

    Similar Nearby for Sale

    • $450,000
      20.56 Acres

      I-43 Frontage Commercial Land

      20 Acres, High Visibility, WI
      0 Semi Dr, Francis Creek, WI 54220
      View Details
    • Contact for pricing
      5,740 SF

      Retail Property on 0.81 Acres

      Retail property with redevelopment potential on 0.81 acres.
      3950 Calumet Ave, Manitowoc, WI 54220
      View Details
    • $389,900
      8,225 SF

      Manitowoc Special Purpose Property

      Updated property with bar, kitchen, garage, and outdoor seating.
      811 Jay St, Manitowoc, WI 54220
      View Details
    • $249,900
      325,393 SF

      Land Near Kasbaum Lake

      Land with access to Kasbaum Lake, Manitowoc, WI.
      Lt1 Law Ln, Manitowoc, WI 54220
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      4626-4716 Calumet Ave, Manitowoc, WI 54220
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease at 4550 Calumet Ave.
      4550 Calumet Ave, Manitowoc, WI 54220
      View Details
    • $24 SF/Yr
      4,875 SF

      Manitowoc Retail Center Lease Opportunity

      Retail space available in upcoming Manitowoc Retail Center.
      3810 Calumet Ave, Manitowoc, WI 54220
      View Details
    • Contact for pricing
      2,338 SF

      Retail Space in Manitowoc

      Retail space available for lease in Manitowoc, Wisconsin.
      4530 Calumet Ave, Manitowoc, WI 54220
      View Details
    • Contact for pricing

      Office Max Available For Lease

      Free-standing Office Max available with lease in place until 2026.
      4121 Calumet Ave, Manitowoc, WI 54220
      View Details
    • $13 SF/Yr
      2,300 SF

      Manitowoc Office Space For Lease

      2,300 sq ft office space available for lease.
      920 State St, Manitowoc, WI 54220
      View Details
    • $13 SF/Yr
      1,500 SF

      High Visibility Office Lease Space

      Class B office space in high-traffic location near waterfront.
      1 E Waldo Blvd, Manitowoc, WI 54220
      View Details
    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.
    37.54 ac Semi Dr
    Francis Creek, WI 54220
    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
    37.54 ac Semi Dr, Francis Creek, WI, 54220
    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!