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    Milis Dr Appleton, WI 54915
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    Milis Dr, Appleton, WI 54915

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    • Warehouses
    • 248,516 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Milis Dr

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    Southpoint Commerce Park, Phase 4, offers exceptional warehouse and light manufacturing space in Appleton, Wisconsin. This prime industrial property, located at the intersection of South Quest Drive and East Milis Drive in Calumet County (zip code 54915), boasts a total of 248,516 square feet. The property is available for multiple tenants, with a minimum divisible space of 50,000 square feet, providing flexibility for businesses of various sizes. The build-to-suit option allows for customization to meet specific operational needs. This strategic location in Appleton offers excellent access to major transportation routes, making it an ideal choice for companies requiring efficient logistics and distribution capabilities. The property's modern design and functionality ensure a productive and efficient work environment. Interested parties are encouraged to inquire about available space and build-to-suit options to determine the best fit for their business requirements. The property is classified as industrial and is situated in a thriving commercial area of Appleton, WI. This presents a unique opportunity for businesses seeking a high-quality warehouse space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Appleton
    County
    Calumet
    State
    Wisconsin
    Longitude
    -88.3564
    Latitude
    44.232

    Comparable in this City

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      247,361 SF

      3653 Milis Dr

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      3653 Milis Dr, Appleton, WI 54915
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      249,720 SF

      3725 Milis Dr

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      3725 Milis Dr, Appleton, WI 54915
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    • Value Estimation by Request
      39.97 Acres

      Cold Spg Rd

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      Cold Spg Rd, Appleton, WI 54915
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    • Value Estimation
      $920,000
      32.61 Acres

      9234th S Lk Park Rd

      INDUSTRIAL (GENERAL)
      9234th S Lk Park Rd, Appleton, WI 54915-9321
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    • Value Estimation by Request

      Quest Dr

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      0 Quest Dr, Appleton, WI 54915
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    • Value Estimation by Request
      57,697 SF

      1111 South River St

      Office Spaces
      1111 South River St, Appleton, WI 54915
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      100,000 SF

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      187,369 SF

      Appleton Warehouse Space Available

      187,369 SF warehouse space for rent in Appleton, WI.
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      Appleton Industrial Space Available

      Industrial space available for rent in Appleton, Wisconsin.
      3725 E Milis Dr, Appleton, WI 54915
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      208,206 SF

      High-Bay Warehouse Space Available

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      Appleton Industrial Space Available

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      Industrial Buildings For Lease

      Proposed industrial buildings available for lease.
      E Vantage Dr, Appleton, WI 54915
      View Details
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    Appleton, WI 54915
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    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.

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