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    2635 Hemstock St La Crosse, WI 54603

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    Manufacturing,Office(s),Storage,Warehouse - La Crosse, WI

    Property size:
    3,040 SF
    Lot size:
    0.98 Acres
    Added:
    Apr 18, 2025
    Days on Market:
    383
    Last Refresh:
    May 5 at 3:06 pm

    Property Features for 2635 Hemstock St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    com
    Interior features
    Rest Rooms
    Exterior features
    Loading Dock, Pole Sign
    Standard status
    Active
    APN
    017010450150
    Size
    3,040 SF
    Lot size
    0.98 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    13500

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1990
    Floors in Building
    1
    Building materials
    Brick, Steel Siding
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Gary D Lass
    Gary D Lass

    Listing agent Gary D Lass License #39065-90

    Listing office Gerrard-Hoeschler, REALTORS 1131 E Main St, Onalaska, WI 54650, La Crosse, WI

    Listing date Apr 18, 2025

    MLS# 1914555 Listing URL

    Copyright © 2026 Metro MLS. 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 Space in La Crosse

    This versatile commercial space, located in the La Crosse Industrial Park, features a shop/warehouse area, offices, a conference room, a break room, and restrooms. The property includes a loading dock, an overhead drive-in door, and signage opportunities. The space is suitable for manufacturing, office, storage, and warehouse purposes. The property has a lot size of 0.98 acres and a property size of 3040 square feet. Additional outside storage or additional warehouse space can be built to suit. Note that the floor plans available under 'Documents' do not reflect the newly added overhead door or the added shop space that replaced several offices.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Allison Colsch Physician CleanSlate Outpatient Addiction ... Medical Clinic Shared Health Services Health Shared Purchasing Solutions Association Or Organization Packer Fastener Factory

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • U-Pack — 2615 Hemstock St, La Crosse, WI 54603
    • Ironside Self-Storage — 2303 Hauser St, La Crosse, WI 54603
    • American Warehousing — 2820 commerce st, la crosse, wi 54603

    Location Insight

    • Map
    • Local Demand
    City
    La Crosse
    County
    La Crosse
    State
    Wisconsin
    Longitude
    -91.223388
    Latitude
    43.859984

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    FAQs

    What type of property is this?
    Warehouse - Commercial space with shop, warehouse, offices, and loading dock.
    Where is this warehouse located?
    The property is located at 2635 Hemstock St La Crosse, WI.
    What are key features of this property?
    This property features: Loading dock and overhead drive‑in door for EASY ACCESS AND TRANSPORT of goods.; Versatile commercial space suitable for shop, warehouse, and office use.; Located in La Crosse Industrial Park.
    (608) 780-9395
    We can help!
    Listing Contact
    Gary D Lass
    Gary D Lass
    Real Estate License ID: 39065-90
    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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