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

    505 King St Ste 128 La Crosse, WI 54601

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

    Affordable office space in downtown La Crosse. Three months free!

    Lot size:
    0.70 Acres
    Added:
    Oct 4, 2024
    Days on Market:
    574
    Last Refresh:
    Apr 5 at 8:32 pm

    Property Features for 505 King St Ste 128

    General Information

    Standard status
    Active
    Lot size
    0.70 Acres

    We can help!

    Listing Contact
    Spenser Nickelatti

    Listing agent Spenser Nickelatti

    Listing office eXp Realty LLC

    Listing date Oct 4, 2024

    Source Exprealty

    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 eXp Realty LLC

    Overview

    Downtown Office Space Available

    This office space is located in a cornerstone downtown building in La Crosse. The owner is willing to allow the tenant to do a buildout and open up the space. The tenant is responsible for their own electric usage. Limited parking spots are available. The rental rate is $9.95 per square foot. Three months of free rent are offered with a 3-year lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rivers Family Therapy ... Family Counselor Hale Skemp Corporate Office Home Instead Home Health Care Service One Opportunity Hiring Employment Agency Corazon Dance Academy ... Training Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    La Crosse
    County
    La Crosse
    State
    Wisconsin
    Longitude
    -91.2498
    Latitude
    43.8102

    Nearby Similar for Sale

    • $499,900
      1,700 SF

      Turnkey Restaurant Opportunity in La Crosse

      Established restaurant for sale in La Crosse, Wisconsin.
      1123 3rd St, La Crosse, WI 54601
      View Details
    • $750,000
      1,512 SF

      Mixed-Use Property in La Crosse

      Bar, apartments, and rental homes on a large lot.
      820 5th Ave, La Crosse, WI 54601
      View Details
    • $599,900

      La Crosse Apartment Building

      Well-maintained, fully rented 6-unit apartment building in central La Crosse.
      104 11th St, La Crosse, WI 54601
      View Details
    • $699,999
      7,400 SF

      Versatile Downtown La Crosse Property

      Historic property with event venue, office, and rental income.
      422 Main St, La Crosse, WI 54601
      View Details
    • $750,000

      Mixed-Use Property in La Crosse

      Multi-family and commercial property with rental income potential.
      828 5th Ave, La Crosse, WI 54601
      View Details
    • $1,150,000
      9,000 SF

      Historic Mixed-Use Investment Opportunity

      Downtown La Crosse mixed-use property with retail and apartments.
      423 Main St, La Crosse, WI 54601
      View Details
    • $1,250,000

      La Crosse Apartment Building

      Nine-unit apartment building near Viterbo University in La Crosse.
      802 7th St, La Crosse, WI 54601
      View Details
    • $689,000
      6,298 SF

      La Crosse Commercial Location

      Commercial property with high visibility and light industrial zoning.
      2128-2130 State Road 16 -, La Crosse, WI 54601
      View Details
    • $530,000

      Corner Office Building For Sale

      Office building with high visibility and flexible layout.
      406 Jackson St, La Crosse, WI 54601
      View Details
    • $329,000
      2,035 SF

      Updated Condo with Sunroom

      Updated end-unit condo with sunroom and flexible living spaces.
      3316 Rosehill Place, Unit 24, La Crosse, WI 54601
      View Details
    • $749,000
      2,388 SF

      Former Pizza Hut For Sale

      Former Pizza Hut, suitable for owner-user or redevelopment.
      2212 Rose Street, La Crosse, La Crosse, WI 54603
      View Details
    • $649,000

      Versatile Commercial Property with Automotive Use

      Commercial property suitable for automotive, manufacturing, or retail businesses.
      2143 Ward Ave, LA CROSSE, WI, 54601-7330
      View Details

    FAQs

    What type of property is this?
    Office units - Affordable office space in downtown La Crosse. Three months free!
    Where is this office units located?
    The property is located at 505 King St Ste 128 La Crosse, WI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Three months free rent with a 3‑year lease.; Affordable office space at $9.95/sq ft.; Located in a cornerstone downtown building.
    (866) 848-6990
    We can help!
    Listing Contact
    Spenser Nickelatti
    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!