1425 S Neenah Ave Sturgeon Bay, WI 54235
Property profile & analytics
1425 S Neenah Ave Sturgeon Bay, WI 54235
- Industrial properties
- 7.72 lot acres
Property ID
US92-2709936
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Cadence, Inc. / Industrial Manufacturer / Production Facility
Property Details for 1425 S Neenah Ave
- Lot size
- 7.72 lot acres
- Property type
- Industrial properties
- APN
- 281 6466000101A2
- APU
- 2816466000101A2
Description
This exceptional investment opportunity presents a 61,655-square-foot industrial warehouse and manufacturing facility located at 1425 S Neenah Ave, Sturgeon Bay, WI 54235, within the Green Bay MSA. Built in 2015, the property sits on a 7.72-acre lot and boasts a 100% occupancy rate under a Net Lease agreement with Cadence Inc., a leading supplier of advanced products and technologies. The current lease, commenced July 24, 2015, has a remaining term of 5.7 years with two, five-year renewal options. The lease includes attractive 0.75% annual rent increases and a corporate guarantee. The property's Net Operating Income (NOI) is $446,507, resulting in a 7.00% cap rate at an asking price of $6,379,000 ($103.46/SF). Landlord responsibilities are limited, with the tenant responsible for real estate taxes, insurance, HVAC, parking lot maintenance, and fixtures/equipment. This fee-simple offering provides a secure, long-term investment backed by a financially strong corporate tenant, Cadence Inc., acquired by Kohlberg & Company, a leading private equity firm with over $30 billion in transaction volume. The property benefits from its location in the thriving Door County tourism region, which attracted over 2.5 million visitors in 2022, contributing significantly to the local economy. This presents a compelling opportunity for investors seeking stable income and long-term growth potential in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,455,000
- ML approach
- $5,585,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sturgeon Bay
- County
- Door
- State
- Wisconsin
- Longitude
- -87.3831
- Latitude
- 44.8089
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$86,678
$166,000
$3,400,900
$3,566,900
-
$0.00
$0.00
$5,159,700
