Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space Near Festival Foods Title is generated by Realmo AI

    1621 N Central Avenue, Marshfield, WI 54449

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Former Subway with high foot traffic and great visibility.

    Type:Rental
    Property size:
    1,674 SF
    Added:
    Nov 2, 2021
    Days on Market:
    1672
    Last Refresh:
    May 19 at 10:09 pm

    Property Features for 1621 N Central Avenue

    General Information

    Standard status
    Active
    Size
    1,674 SF
    Property subtype
    Rental

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    RITA A BLENKER
    RITA A BLENKER

    Listing agent RITA A BLENKER License #28287-90

    Listing office CENTURY 21 GOLD KEY

    Listing date Nov 2, 2021

    Source Exitrealty

    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 CENTURY 21 GOLD KEY

    HighLights

    • Prime location next to Festival Foods Plaza.
    • Incredible foot traffic.
    • Great visibility.
    • Signage on monument sign right on Central Ave.
    • Former Subway location.
    • Built in 1987.

    Overview

    This 1674-square-foot retail space is located next to Festival Foods Plaza. The property, formerly a Subway, benefits from high foot traffic and visibility. It features signage on a monument sign located on Central Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshfield
    County
    Wood
    State
    Wisconsin
    Longitude
    -90.1802947
    Latitude
    44.6523635

    Nearby Similar for Lease

    • $550/Mo
      120 SF

      Downtown Marshfield Office Space Available

      Private office spaces in downtown Marshfield for lease.
      209 S Central Avenue, Marshfield, WI 54449
      View Details
    • $450/Mo
      121 SF

      Downtown Marshfield Office Space Available

      Private office spaces in downtown Marshfield, perfect for entrepreneurs.
      211 S Central Avenue, Marshfield, WI 54449
      View Details
    • $700/Mo
      216 SF

      Downtown Marshfield Office Space Available

      Private office spaces in downtown Marshfield, perfect for small businesses.
      209 S Central Avenue, Marshfield, WI 54449
      View Details
    • $750/Mo
      209 SF

      Downtown Marshfield Office Space Available

      Private office spaces in downtown Marshfield, perfect for entrepreneurs.
      209 S Central Avenue, Marshfield, WI 54449
      View Details
    • $1,500/Mo
      530 SF

      Downtown Marshfield Office Space Available

      Office spaces in a thoughtfully designed downtown Marshfield environment.
      209 S Central Avenue, Marshfield, WI 54449
      View Details
    • $700/Mo
      204 SF

      Downtown Marshfield Office Space Available

      Private office spaces in a vibrant downtown Marshfield location.
      211 S Central Avenue, Marshfield, WI 54449
      View Details
    • $450/Mo
      121 SF

      Downtown Marshfield Office Space Available

      Office spaces in downtown Marshfield, ideal for entrepreneurs and small teams.
      211 S Central Avenue, Marshfield, WI 54449
      View Details
    • $1,500/Mo
      902 SF

      Downtown Marshfield Office Space Available

      Office spaces in downtown Marshfield, WI, designed for business growth.
      211 S Central Avenue, Marshfield, WI 54449
      View Details
    • $700/Mo
      124 SF

      Downtown Marshfield Office Space Available

      Office spaces in downtown Marshfield, ideal for entrepreneurs and small teams.
      211 S Central Avenue, Marshfield, WI 54449
      View Details
    • $450/Mo
      60 SF

      Downtown Marshfield Office Space Available

      Private office spaces in a vibrant downtown Marshfield location.
      209 S Central Avenue, Marshfield, WI 54449
      View Details
    • $700/Mo
      155 SF

      Downtown Marshfield Office Space Available

      Thoughtfully designed office environment in downtown Marshfield.
      211 S Central Avenue, Marshfield, WI 54449
      View Details
    • Contact for pricing
      2,545 SF

      Retail Space Available For Rent

      Retail spaces available, ranging from 1,400 to 2,545 SqFt.
      641-725 S Central Ave, Marshfield, WI 54449
      View Details

    FAQs

    What type of property is this?
    Retail space - Former Subway with high foot traffic and great visibility.
    Where is this retail space located?
    The property is located at 1621 N Central Avenue Marshfield, WI.
    What are key features of this property?
    This property features: Prime location next to Festival Foods Plaza.; Incredible foot traffic.; Great visibility.
    (715) 387-2121
    We can help!
    Listing Contact
    RITA A BLENKER
    RITA A BLENKER
    Real Estate License ID: 28287-90
    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

    Thank You for Inquiry
    1621 N Central Avenue, Marshfield, WI 54449
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!