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    The Largest CRE Database in the US with Over 1 Million Listings

    1144 County Road D Nekoosa, WI 54457

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    Claim this Listing
    For Sale
    $1,349,900

    Retail,Office,Restaurant/Supper Club,Tavern,Recreation,Grocery,Beauty/barber,Shopping center/StripMall,Other

    Property size:
    11,000 SF
    Lot size:
    2.41 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    36
    Last Refresh:
    Apr 27 at 5:06 pm

    Property Features for 1144 County Road D

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B-1 Comm
    Parking
    56
    Parking features
    Paved or Surfaced
    Interior features
    Overhead doors, Private Restrooms, 440+ volt, 3 phase electric, Display window
    Exterior features
    Alley, Signage available
    Standard status
    Active
    APN
    030-00637-0020
    Size
    11,000 SF
    Lot size
    2.41 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    872

    Utilities

    Utilities
    Electricity Available
    Heating system
    Forced Air, Zoned (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2025
    Floors in Building
    1
    Number of units
    2
    Building materials
    Frame, Glass
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Matt Winzenried Real Estate Team

    Listing agent Matt Winzenried Real Estate Team

    Listing office Realty Executives Cooper Spransy 5940 Seminole Centre Ct Ste 310, Madison, WI

    Listing date Mar 23, 2026

    MLS# 1995986 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Buildings Near Sand Valley

    Two new commercial buildings totaling 11,000 sqft are available for purchase on 2.41 acres. One building, Sands West, is 5,500 sqft and fully leased to Golden Ferret Golf Sims for $72,000 annually. The other building, Sands East, is also 5,500 sqft and can be divided into four 1,100 sqft units, each with private baths, framing, and finishes included. The property is located along a high-traffic state highway near KwikTrip, Sand Valley Golf Resort, Lake Arrowhead Golf, and two lakes. It features a modern design with large windows and flexible layouts, a large paved parking lot, a shared outdoor space, and infrastructure in place for a future 3rd building. The property is suitable for retail, office, restaurant/supper club, tavern, recreation, grocery, beauty/barber, or shopping center/strip mall uses. The zoning is B-1 Comm. Pro Forma NOI of $126,700 with a 9.39% Cap Rate based on $171,000 projected annual rent, 5% vacancy, & 22% operating expenses. Leasing options are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel Food Market HVAC Service Bar & Pub Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nekoosa
    County
    Wood
    State
    Wisconsin
    Longitude
    -89.807522
    Latitude
    44.221919

    Nearby Similar for Sale

    • $374,900
      9,237 SF

      Historic Commercial Building in Nekoosa

      Three-level commercial building with investment potential in Nekoosa, Wisconsin.
      318 MARKET STREET, Nekoosa, WI 54457
      View Details
    • $69,500

      Nekoosa Camping Property with Amenities

      Serene camping property near Chalet with Lake Arrowhead Association amenities.
      558 Feather Trail, Nekoosa, WI 54457
      View Details
    • $1,349,900
      11,000 SF

      Commercial Buildings Near Sand Valley

      Two commercial buildings totaling 11,000 sqft near Sand Valley Golf.
      1144 County Road D, NEKOOSA, WI, 54457-9158
      View Details

    FAQs

    What type of property is this?
    Shopping center - Two commercial buildings totaling 11,000 sqft on 2.41 acres.
    Where is this shopping center located?
    The property is located at 1144 County Road D Nekoosa, WI.
    What is the asking price?
    The asking price for this property is $1,349,900.
    What are key features of this property?
    This property features: High‑traffic location near Sand Valley Golf Resort, Lake Arrowhead Golf, and two lakes.; Pro Forma NOI of $126,700 with a 9.39% Cap Rate.; Sands West is fully leased for $72,000 annually.
    (608) 310-7346
    We can help!
    Listing Contact
    Matt Winzenried Real Estate Team
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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