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Property profile & analytics
OFF-MARKET Estimated value $1,285,000
Retail space

1620 Koeller St Oshkosh, WI 54902-6166

12,060 SF 1.54 ac lot Built 2000
Individually Owned 4-yr Hold Free & Clear
Property ID
US92-0253898
Property summary
AI-generated overview

Exceptional investment opportunity featuring a 12,060 square foot Harbor Freight Tools store in Oshkosh, Wisconsin. This single-tenant, net-lease property boasts a strong 6.55% cap rate and a substantial net operating income (NOI) of $91,641. Built in 2000 and renovated in 2011 to Harbor Freight's specifications, the building sits on a 1.54-acre lot with ample parking (35 spaces). The property features a brick facade and is strategically located in a high-traffic retail corridor, surrounded by national retailers such as Best Buy, McDonald's, Culver's, Target, and Five Below. The property benefits from a long-term lease with a credit-rated tenant, Harbor Freight, with a remaining lease term of approximately 1.9 years, followed by four 5-year options, each with a 5% rent increase. The property is zoned commercial and offers a significant return on investment for a discerning buyer. The location within Oshkosh, Wisconsin, provides access to a population exceeding 70,000 within a 5-mile radius. This Class B, single-story building presents a rare opportunity to acquire a stable, income-producing asset with a well-established tenant in a prime retail location. The property's strong financials, coupled with the long-term lease and favorable location, make it an attractive investment for those seeking a secure and profitable addition to their portfolio. The asking price is $1,399,800, translating to a price per square foot of $116.07.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2000
Total area 12,060 SF
Lot 1.54 ac (67,043 SF)
Zoning code SMU-PD
APN 13-07440401
UPID US92-0253898
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
  • Harbor Freight Tools Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.32M
CAP Approach CAP
$1.79M
Comparable Approach Comparable
$1.23M
Blend (final) Blend
$1.29M
Owner & transaction history
Royce Carville · 4 yrs held
Royce Carville
since 2021
Last sale
$1.3M
1 recorded transaction
2021
$1.3M
Zoning & alternative use
SMU-PD · Oshkosh, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

$2f

Zone name Suburban Mixed Use Planned Development Overlay
General category PLANNED_DEVELOPMENT
Zone area 938.83 ac
Source Realmo
Top alternative use upside
Restaurant $1.6M +100.3%
Commercial (general) $1.2M +55.2%
Office building $1.2M +49.8%
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