Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    328 Oak Ave W Menomonie, WI

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    5.18 acres near I-94, ideal for retail/office development.

    Type:RETAIL
    Property size:
    12,000 SF
    Lot size:
    2.46 Acres
    Added:
    Jun 16, 2022
    Days on Market:
    1415
    Last Refresh:
    Apr 5 at 8:12 pm

    Property Features for 328 Oak Ave W

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Lot size
    2.46 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 328 Oak Ave W Contact us

    We can help!

    Listing Contact
    Allen Taft
    Allen Taft

    Listing agent Allen Taft

    Listing office AFT Real Estate, Inc.

    Listing date Jun 16, 2022

    Source Moodyscre

    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 AFT Real Estate, Inc.

    Overview

    Prime Retail/Office Land Available

    This 5.18-acre commercial land parcel is available for rent. The property is located across from a Kwik Trip and next to Market Place Foods and Fleet Farm in Menomonie, Wisconsin. Situated just off I-94 and Hwy 25, it benefits from traffic from all directions. As a university town with over 9,600 students and the county seat, Menomonie has a strong employment base with several large existing businesses. The property is suited for a free-standing building and for multi-tenant building with drive-up opportunities. The property has 12,000 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Menomonie
    County
    Dunn
    State
    Wisconsin
    Longitude
    -91.9296
    Latitude
    44.9028

    Nearby Similar for Lease

    • $1,325/Mo

      Updated Office Suite Overlooking Lake

      Inviting 1146 sq ft office suite with lake views.
      700 Wolske Bay Road unit: 260, Menomonie, WI 54751
      View Details
    • Contact for pricing

      Mixed-Use Development Near UW-Stout

      Retail/office space available in mixed-use development near UW-Stout campus.
      503 Broadway St S, Menomonie, WI 54751
      View Details
    • $15 SF/Yr

      Downtown Office Space For Rent

      Office spaces available in downtown location with lake views.
      500 Main St E, Menomonie, WI
      View Details
    • Contact for pricing

      Mixed-Use Development Near UW-Stout

      Retail/office space in mixed-use development near UW-Stout campus.
      503 Broadway St S, Menomonie, WI 54751
      View Details
    • Contact for pricing

      Updated Building in Menomonie, WI

      Renovated building suitable for retail or automotive use.
      2000 Stout St, Menomonie, WI 54751
      View Details
    • Contact for pricing

      Industrial Building with Flexible Space

      Accessible industrial building suitable for retail or warehouse use.
      E6009 578th Ave, Menomonie, WI 54751
      View Details
    • $8 SF/Yr

      Storage Units For Rent

      Storage units available in a private location.
      814 Heller Road, Menomonie, WI 54751
      View Details
    • Contact for pricing

      Storage Building with Tall Ceilings

      17'x30' storage building with tall overhead doors for lease.
      1501 N Broadway St, Menomonie, WI 54751
      View Details
    • Contact for pricing

      Retail Space in Menomonie, WI

      Retail space available in a Menomonie strip center.
      1400 Broadway St N, Menomonie, WI
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5.18 acres near I-94, ideal for retail/office development.
    Where is this commercial land located?
    The property is located at 328 Oak Ave W Menomonie, WI.
    What are key features of this property?
    This property features: Premier retail/office land in a high‑traffic location off I‑94 and Hwy 25.; Located across from Kwik Trip and next to Market Place Foods and Fleet Farm.; Suited for free‑standing or multi‑tenant building with drive‑up opportunities.
    (715) 577-3333 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Allen Taft
    Allen Taft
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!