Downtown Office
For Sale
$9,504,914
109 N 28th St E, Superior, WI 54880
Office building offered for sale with 28,928 square feet and a stated 6.65% cap rate.
Property Size28,928 SF
Price / SF$328.57
Days on Market138
Property Features for 109 N 28th St E
General Information
Standard status
Active
Size
28,928 SF
Property subtype
Commercial
Occupancy
100%
Lease Term
±6.66 YRS
Net Operating Income
$665,344
Additional Details
Cap Rate
6.65%
Building Details
Year Built
1997
Listing Agency:
Matthews Real Estate Investments Services | New York
Listed By:
Michael Moreno · License #01982943 (CA)
(949) 432-4511
Source:
Matthews
Added: Jun 4
Changed: Oct 7
Last Checked: Oct 19 at 3:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investments Services | New York
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Investment Insights
Based on property information with market context.
This office building is being offered for sale in Superior, Wisconsin. The property totals 28,928 square feet and is presented with a stated 6.65% cap rate in the public remarks.
Located at 109 N 28th St E, the building provides a straightforward office configuration for buyers seeking an income-oriented commercial property. Further details regarding current tenanting, suite layout, and condition are not provided in the information submitted here.
Located at 109 N 28th St E, the building provides a straightforward office configuration for buyers seeking an income-oriented commercial property. Further details regarding current tenanting, suite layout, and condition are not provided in the information submitted here.
Key Highlights
- Office building built in 1997
- 28,928 SF office building offered for sale
- Stated 6.65% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$431,533
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,630,660
$8.6M
Cap Rate 7%
$6,164,757
$6.2M
Cap Rate 9%
$4,794,811
$4.8M
Market Conditions
NOI Build-Up for 28,928 SF
Gross rent
$676.9K $23.40/SF
− Vacancy
−$101.5K −$3.51/SF
EGI
$575.4K $19.89/SF
− OpEx
−$143.8K −$4.97/SF
NOI
$431.5K $14.92/SF
Area
Douglas County, WI
Vacancy
15.00%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,630,660
Cap Rate 7%
$6,164,757
Cap Rate 9%
$4,794,811
Alternative Uses
Best Use
Office B
$6.16M
$5.39M – $7.19M
NOI $431,533 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.12M
$7.98M – $10.64M
NOI $638,453 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Explore this area
Business Placement
Demographics for 54880, WI
30,400
Population
14,325
Households
2.1
Avg Household Size
39
Median Age
28%
College-Educated
94%
High-School Grad
166.1 sq mi
ZIP Area
183
Density / Sq Mi
$66,942
Median Household Income
$40,813
Median Earnings
$901
Median Rent
$176,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office building offered for sale with 28,928 square feet and a stated 6.65% cap rate.
Where is this office building located?
The property is located at 109 N 28th St E Superior, WI.
What is the asking price?
The asking price for this property is $9,504,914.
What are key features of this property?
This property features: Office building built in 1997; 28,928 SF office building offered for sale; Stated 6.65% cap rate
