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Property profile & analytics
OFF-MARKET Estimated value $900,000
Industrial properties

1025 Albert Dr Manitowoc, WI 54220-1321

21,600 SF 0.9 ac lot Built 1990
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US92-0009007
Property summary
AI-generated overview

This exceptional commercial property at 1025 E Albert Drive, Manitowoc, Wisconsin, presents a significant opportunity for businesses seeking ample space and strategic location. The expansive 24,000 square foot building offers a versatile layout ideal for diverse operational needs. Approximately 19,200 square feet are dedicated to warehouse space, providing ample room for storage, manufacturing, or distribution. The building also includes 4,800 square feet of office space, thoughtfully divided across two floors. Climate control is ensured with air conditioning in the offices and forced-air heating throughout the entire building. Operational efficiency is maximized with features such as three-phase power, two convenient loading docks, and a generously sized 20x14 foot drive-in entry. High ceilings contribute to a spacious feel and enhance workflow. Restrooms are strategically positioned for user convenience. Adding to the property's appeal is the inclusion of an adjacent lot to the east, offering approximately 1.26 acres of land, perfect for additional parking or future expansion possibilities. This property is priced at $940,000 and is situated in Manitowoc, WI.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1990
Total area 21,600 SF
Lot 0.9 ac (39,204 SF)
APN 52-130-005-021.00
UPID US92-0009007
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • RaiseRite Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$990k
CAP Approach CAP
$1.24M
Comparable Approach Comparable
$665k
Blend (final) Blend
$900k
Owner & transaction history
Wolter Properties LLC · 4 yrs held
Wolter Properties LLC
since 2022
Last sale
$901,000
1 recorded transaction
2022
$775,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.3M +166.7%
Apartment house (5+ units) $1.2M +142.0%
Commercial (general) $1.1M +124.3%
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