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    2328 N Hillcrest Parkway Altoona, WI 54720

    View on Map
    For Sale
    $250,000

    COMMERCIAL - Altoona, WI

    Property size:
    4,022 SF
    Lot size:
    0.32 Acres
    Added:
    Dec 4, 2025
    Days on Market:
    119
    Last Refresh:
    Apr 2 at 8:06 pm

    Property Features for 2328 N Hillcrest Parkway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Interior features
    Furnished, HandicapAccess
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    201104906000
    Size
    4,022 SF
    Lot size
    0.32 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    PRT OF THE NW-NW DESC AS FOL COMM 33' E & 1161' S OF THE NW COR OF THE NW-NW TH E 135' TO BEG TH CONT E 90' TH N 157' TH W 90' TH S 157' TO POB
    TaxAnnualAmount
    6052

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1970
    Flooring type
    Carpet
    Building materials
    EngineeredWood

    We can help!

    Listing Contact
    John Tinman ~ Tinman Real Estate Group

    Listing agent John Tinman ~ Tinman Real Estate Group License #82357-94

    Listing office Re/Max Cornerstone 503 S Wisconsin Ave, Frederic, WI

    Listing date Dec 4, 2025

    MLS# 1597373

    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.

    Overview

    Altoona Commercial Property For Sale

    This commercial property is located in a vibrant, high-traffic area off Hwy 12. Previously operated as a daycare, the 4,022 square foot building is equipped and set up for childcare services. The property, situated on a 0.324-acre lot, presents an investment opportunity for entrepreneurs interested in the childcare industry or those eager to bring their own vision to life. Its location offers visibility and accessibility, attracting potential clients and enhancing potential profits.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Little School House. ... Daycare Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Altoona Family Child Care Center — 819 S Hillcrest Pkwy, Altoona, WI 54720
    • Youthful Minds Learning Center — 827 S Hillcrest Pkwy, Altoona, WI 54720
    • Altoona Head Start — 1312 N Hillcrest Pkwy, Altoona, WI 54720

    Location Insight

    • Map
    • Local Demand
    City
    Altoona
    County
    Eau Claire
    State
    Wisconsin
    Longitude
    -91.447034
    Latitude
    44.796959

    Nearby Similar for Sale

    • $250,000

      Altoona Commercial Property For Sale

      Commercial property in high-traffic area, previously a daycare.
      2328 N Hillcrest Parkway, Altoona, WI 54720
      View Details
    • $1,326,000
      8,064 SF

      Altoona Multifamily Investment Opportunity

      Eight-unit complex with solid rental history in Altoona, Wisconsin.
      1512 Devney Drive unit: 1512, Altoona, WI 54720
      View Details
    • $35,000
      600 SF

      New Garages in Altoona, WI

      New, insulated garages perfect for storage, workshop, or warehouse.
      2301 Lake Road unit: 3-7, 9-12, Altoona, WI 54720
      View Details

    FAQs

    What type of property is this?
    Day care center - Commercial property in high-traffic area, previously a daycare center.
    Where is this day care center located?
    The property is located at 2328 N Hillcrest Parkway Altoona, WI.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Prime location with high visibility and easy access off Hwy 12.; Equipped and set up for childcare services.; Suitable for childcare business or other ventures.
    (715) 327-4848
    We can help!
    Listing Contact
    John Tinman ~ Tinman Real Estate Group
    Real Estate License ID: 82357-94
    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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