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Property profile & analytics
OFF-MARKET Estimated value $2,130,000
Warehouses

815 Albert Dr Manitowoc, WI 54220-1319

50,133 SF 1.87 ac lot Built 1973
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US92-0059082
Property summary
AI-generated overview

This exceptional commercial property, located at 815 E Albert Drive in Manitowoc, Wisconsin, offers a substantial 78,347 square feet of warehouse and manufacturing space available for lease. The property sits on a generous 4.73-acre lot and boasts a highly desirable location between Manitowoc and Two Rivers, providing convenient access to State Highway 310. The space is comprised of multiple buildings, each ranging from approximately 25,000 to 30,000 square feet, offering flexibility for various business needs. Each building features separately metered utilities for efficient cost management. The property includes a comprehensive fire suppression system with full sprinkler coverage throughout. Loading and unloading is facilitated by up to 12 loading docks and a single grade-level entrance. The warehouse features ceiling heights ranging from 18 to 22 feet, providing ample vertical space for storage and operations. The landlord is prepared to offer flexible lease terms and is open to negotiating the lease rate to accommodate potential tenants. This is a prime opportunity for businesses seeking a large, well-equipped warehouse in a strategic location.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1973
Total area 50,133 SF
Lot 1.87 ac (81,327 SF)
APN 52-130-001-010.00
UPID US92-0059082
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
  • Great Lake Trucking Llc Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.17M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.82M
Blend (final) Blend
$2.13M
Owner & transaction history
Whiskey Run LLC · 1 yrs held
Whiskey Run LLC
since 2024
Last sale
$2.1M
7 recorded transactions
2024
$2.1M
2021
$900,000
2021
$2.2M
2021
Price N/A
2019
Price N/A
2010
Price N/A
2007
$2.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $3.4M +2.0%
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