14 Tri-Park Way Appleton, WI 54914
- Office Properties & Spaces
- 10,800 SF
- 2.01 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 14 Tri-Park Way
- Year built
- 1995
- Lot size
- 2.01 lot acres
- Property size
- 10,800 SF
- Property type
- Office Properties & Spaces
Description
This exceptional Class A office building, located at 14 Tri-Park Way in Appleton, Wisconsin, presents a compelling investment opportunity. Boasting 10,800 square feet on a 2.01-acre lot, the single-story building features 128 parking spaces and is situated in a prime location within a professional business park directly across from Fox Valley Technical College and near the interchange of Interstate 41 and Wisconsin Avenue. Currently 69% occupied, the property includes a significant tenant—the VA—which has occupied 7,448 square feet since 2008 and recently completed renovations under a new 3-year lease extension. An additional 3,355 square feet is available for lease, offering substantial upside potential for increased NOI. The property's strong financials include an 8.10% cap rate based solely on the VA lease income, and a current NOI of $93,200. The building also offers drive-in parking/storage. Zoned CP (Commercial), this property is an excellent investment with strong potential for growth. The asking price is $1,450,000, with a price per square foot of $134.26. Lease options include three one-year options. The property's APN is 10-3-0500-00, 10-3-0499-00.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Appleton
- County
- Outagamie
- State
- Wisconsin
- Longitude
- -88.4521
- Latitude
- 44.2829
