Commercial Land with Highway
1305 Wildwood Drive, Stevens Point, WI 54482
For Sale
New
$799,900
Commercial zoning and access from Wildwood Drive complement frontage on a major east-west corridor.
Property Size1,920 SF
Price / SF$416.61
Days on Market2
Property Features for 1305 Wildwood Drive
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Building Size
Year Built
Listing Agency:
Kpr Brokers, LLC
(800) 746-9464
Listed By:
Team Kitowski · License WI #5272890
(715) 598-6367
Source:
Howardandwilliams
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 11 at 5:23PM
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 Kpr Brokers, LLC
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Investment Insights
Based on property information with market context.
This 0.98-acre commercial parcel includes an existing 1,920-square-foot structure built in 1980. The building was used as a veterinary clinic and has lower-level residential living quarters. Commercial zoning applies to the property.
The site fronts Highway 10 and has access from Wildwood Drive in Stevens Point, Wisconsin.
The site fronts Highway 10 and has access from Wildwood Drive in Stevens Point, Wisconsin.
Key Highlights
- 0.98‑acre commercial parcel
- Frontage on Highway 10 with access from Wildwood Drive
- Existing 1,920‑square‑foot structure built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,912
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,240
$478.2K
Cap Rate 7%
$341,600
$341.6K
Cap Rate 9%
$265,689
$265.7K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$42.6K $22.20/SF
− Vacancy
−$2.8K −$1.44/SF
EGI
$39.9K $20.76/SF
− OpEx
−$15.9K −$8.30/SF
NOI
$23.9K $12.45/SF
Area
Portage County, WI
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,240
Cap Rate 7%
$341,600
Cap Rate 9%
$265,689
Alternative Uses
Best Use
Healthcare Medical
$341.6K
$298.9K – $398.5K
NOI $23,912 @ 7.0% cap · market cap 2.99%
Second Best
Office B
$256.1K
$224.1K – $298.8K
NOI $17,926 @ 7.0% cap · market cap 2.24%
Theoretical Best
Specialty Retail
$373.7K
$327.0K – $435.9K
NOI $26,156 @ 7.0% cap · market cap 3.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
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Business Placement
Demographics for 54482, WI
9,108
Population
3,983
Households
2.3
Avg Household Size
46
Median Age
31%
College-Educated
96%
High-School Grad
91.0 sq mi
ZIP Area
100
Density / Sq Mi
$94,919
Median Household Income
$51,667
Median Earnings
$994
Median Rent
$265,800
Median Home Value
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Market
Properties on Market for Commercial land in Stevens Point
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial zoning and access from Wildwood Drive complement frontage on a major east-west corridor.
Where is this commercial land located?
The property is located at 1305 Wildwood Drive Stevens Point, WI.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 0.98‑acre commercial parcel; Frontage on Highway 10 with access from Wildwood Drive; Existing 1,920‑square‑foot structure built in 1980
