Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4311 8Th St S Wisconsin Rapids, WI 54494

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $16 SF/Yr ($7,200 /Mo)

    Restaurant space on Walmart outlot with existing infrastructure.

    Property size:
    5,400 SF
    Lot size:
    1.55 Acres

    Property Features for 4311 8Th St S

    General Information

    Size
    5,400 SF
    Lot size
    1.55 Acres

    We can help!

    Listing Contact
    Elizabeth Ringgold
    Source: Moodyscre

    Listing Agent: Elizabeth Ringgold

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Former Applebee's Restaurant Space

    This 5,400-square-foot property, formerly an Applebee's restaurant, is situated on a Walmart outlot, offering excellent exposure and a built-in customer base. The location is a prime retail spot on 8th Street South (State Highway 13), the main commercial corridor in Wisconsin Rapids, with high traffic counts exceeding 20,000 vehicles per day. The existing restaurant buildout includes a bar area, kitchen infrastructure and equipment, a dining room, booth seating, and restrooms. The property benefits from its proximity to strong national retailers such as Walmart, Aldi, Marshalls, Harbor Freight, PetSmart, Walgreens, Goodwill, Starbucks, O'Reilly Auto Parts, Verizon, and McDonald's. Signalized intersection access facilitates easy ingress and egress. The building features all-brick construction, providing a durable and well-built structure suitable for long-term commercial use. The property is intended for restaurant or retail use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Applebee's Grill + Bar Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wisconsin Rapids
    County
    Wood
    State
    Wisconsin
    Longitude
    -89.8162392
    Latitude
    44.3557416

    Nearby Similar for Lease

    • $1.00 SF/Yr

      Expansive Warehouse Space For Lease

      25,000 sq ft warehouse in central, high-traffic location.
      1100 E Riverview Expy, Wisconsin Rapids, WI 54494
      View Details
    • Contact for pricing
      40,586 SF

      Wisconsin Rapids Industrial Space

      Versatile Manufacturing/Warehouse in WI
      80 Oliver St, Wisconsin Rapids, WI 54494
      View Details
    • $8 SF/Yr
      4,032 SF

      Retail Suites on Main Corridor

      Retail and office suites with excellent exposure and customer base.
      2111-2113 8Th St S, Wisconsin Rapids, WI 54494
      View Details
    • $4 SF/Yr
      51,868 SF

      Century 21 Plaza: Office Suites Available

      Wisconsin Rapids Office Space - Flexible Lease Terms
      2501 8Th St, Wisconsin Rapids, WI 54494
      View Details
    • Contact for pricing
      11,900 SF

      Prime Retail Space, Wisconsin Rapids

      Retail/Office Condo, High Visibility
      930 Kuhn Ave, Wisconsin Rapids, WI 54494
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant space on Walmart outlot with existing infrastructure.
    Where is this restaurant located?
    The property is located at 4311 8Th St S Wisconsin Rapids, WI.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Prime retail location on main commercial corridor (8th Street S/State Highway 13) with high traffic counts (over 20,000 VPD).; - Located on Walmart outlot, providing excellent exposure and a built-in customer base.; - Existing restaurant buildout **with bar area, kitchen infrastructure/equipment, dining room, booth seating, and restrooms.**
    (920) 968-4700
    Request Owner's contact information
    4311 8Th St S Wisconsin Rapids, WI 54494
    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.
    4311 8Th St S
    Wisconsin Rapids, WI 54494
    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
    4311 8Th St S Wisconsin Rapids, WI 54494
    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

    We can help!
    Listing Contact
    Elizabeth Ringgold
    (920) 968-4700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.