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    51 Brown St Rhinelander, WI 54501

    For Sale
    $492,000

    High-Cash Flow, Renovated Commercial Property

    Property size:
    11,391 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This renovated 11,391 square foot commercial building is located on the main street of Rhinelander, Wisconsin. The property boasts upgraded interior spaces for each tenant, ensuring a high-quality environment for businesses. Currently, the building benefits from a strong tenant base with government and corporate leases averaging one to two years in length. A long history of lease renewals demonstrates the property's desirability and consistent occupancy. This translates to a robust cash flow, currently yielding an 8.77% capitalization rate at the asking price of $492,000. The building's prime downtown location offers excellent visibility and accessibility. The owners are divesting, presenting a unique opportunity for investors seeking a stable, income-generating asset in a thriving Wisconsin community. This is a turnkey investment opportunity with a proven track record of success. Further financial details are available upon request and execution of a non-disclosure agreement. The property sits on a 0-acre lot.

    Property Features for 51 Brown St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    11,391 SF

    Building Details

    Year Built
    1960
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rhinelander
    County
    ONEIDA
    State
    Wisconsin
    Longitude
    -89.41325
    Latitude
    45.63867

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    FAQs

    What type of property is this?
    Commercial real estate - High-Cash Flow, Renovated Commercial Property
    Where is this commercial real estate located?
    The property is located at 51 Brown St Rhinelander, WI.
    What is the asking price?
    The asking price for this property is $492,000.
    (715) 261-2922
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    51 Brown St Rhinelander, WI 54501
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    Realmo Value Estimation

    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.

    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.

    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
    51 Brown St Rhinelander, WI 54501
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