Stone Flex Space with
For Sale
$239,900
130 W North Street, New Auburn, WI 54757
CommercialSale, New Auburn, WI
Property Size2,400 SF
Lot Size1.35 Acres
Price / SF$99.96
Days on Market39
Property Features for 130 W North Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial, Recreational, Residential
Elementary school district
New Auburn
Middle school district
New Auburn
High school district
New Auburn
Directions
From Hwy 53 North, take the New Auburn exit. Turn Right/East toward New Auburn and continue into town. Turn Left/North on County Hwy SS/Old Hwy 53, the property will be on the corner of W North Street and Hwy SS/Old Hwy 53.
Standard status
Active
APN
022-36-0021-000
Size
2,400 SF
Lot size
1.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lengthy
Tax Annual Amount
1132
Legal Description
Lengthy
Utilities
Sewer type
Public Sewer
Heating system
Radiant Floor, Radiant
Water source
Public
Building Details
Year built
1900
Building materials
Stone
Listing Agency:
Keller Williams Realty Diversified
(715) 514-4265
Listed By:
Joshua Amys · License #85884-94
(715) 642-0567
Added: Jul 28
Changed: Aug 25
Last Checked: Sep 4 at 9:06AM
MLS# 1603694
Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This stone-built flex property provides approximately 2,400 square feet of main-level space beneath 12-foot ceilings. The open interior currently separates business functions from living quarters, while the arched/web truss design and adaptable interior walls support reconfiguration for warehouse, shop, studio, showroom, office, or mixed-use purposes. Buyer to verify intended use.
A detached 34-by-30-foot garage adds concrete-floored storage, parking, or workspace. The 1.35-acre corner parcel includes public water and sewer service. Improvements include a metal roof, updated windows, electric in-floor radiant heat, and other exterior and mechanical work. Built in 1900, the property combines stone construction with a flexible commercial configuration.
A detached 34-by-30-foot garage adds concrete-floored storage, parking, or workspace. The 1.35-acre corner parcel includes public water and sewer service. Improvements include a metal roof, updated windows, electric in-floor radiant heat, and other exterior and mechanical work. Built in 1900, the property combines stone construction with a flexible commercial configuration.
Key Highlights
- Approximately 2,400 square feet of main‑level space with 12‑foot ceilings
- 1.35‑acre corner lot with public water and public sewer
- 34‑by‑30‑foot detached garage with concrete floor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,809
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$436,180
$436.2K
Cap Rate 7%
$311,557
$311.6K
Cap Rate 9%
$242,322
$242.3K
Market Conditions
NOI Build-Up for 2,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.0K $15.00/SF
− Vacancy
−$2.4K −$1.02/SF
EGI
$33.6K $13.98/SF
− OpEx
−$11.7K −$4.89/SF
NOI
$21.8K $9.09/SF
Area
Chippewa County, WI
Vacancy
6.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$436,180
Cap Rate 7%
$311,557
Cap Rate 9%
$242,322
Alternative Uses
Best Use
Industrial
$1.10M
$960.1K – $1.28M
NOI $76,809 @ 7.0% cap · market cap 32.02%
Second Best
Mixed Use
$347.1K
$303.8K – $405.0K
NOI $24,300 @ 7.0% cap · market cap 10.13%
Theoretical Best
Warehouse
$1.33M
$1.17M – $1.55M
NOI $93,268 @ 7.0% cap · market cap 38.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54757, WI
3,523
Population
2,207
Households
1.6
Avg Household Size
45
Median Age
22%
College-Educated
92%
High-School Grad
155.5 sq mi
ZIP Area
23
Density / Sq Mi
$66,500
Median Household Income
$39,693
Median Earnings
$898
Median Rent
$216,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flexible main-level commercial layout on a corner lot with public water and sewer service.
Where is this flex space located?
The property is located at 130 W North Street New Auburn, WI.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Approximately 2,400 square feet of main‑level space with 12‑foot ceilings; 1.35‑acre corner lot with public water and public sewer; 34‑by‑30‑foot detached garage with concrete floor
