Flex Space With Office and
For Sale
$350,000
202 W Newton St, Rice Lake, WI 54868
Versatile commercial facility combines remodeled offices with a substantial shop area suited to storage, vehicle work, or manufacturing.
Property Size7,875 SF
Price / SF$44.44
Days on Market51
Property Features for 202 W Newton St
General Information
Standard status
Active
Size
7,875 SF
Warehouse & Industrial
Warehouse Space
4,875 SF
Office Build-Out
3,000 SF
Amenities
break room
Building Details
Year Built
1975
Year Renovated
2019
Building Size
7,875 SF
Listing Agency:
Coldwell Banker Realty~Shell Lake
Listed By:
David McNulty · License #5546390
(715) 416-0511
Source:
Homcentric
Added: Aug 17
Changed: Sep 13
Last Checked: Oct 6 at 12:05AM
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 Coldwell Banker Realty~Shell Lake
Investment Insights
Based on property information with market context.
This 7,875-square-foot flex facility combines office, shop, and manufacturing areas in a practical commercial layout. The 3,000-square-foot office section was remodeled in 2019 and includes several private offices, a large break room, and an open workspace suitable for cubicles. The adjoining 4,875-square-foot shop is currently configured for truck and vehicle work, with flexibility for storage, manufacturing, or other uses.
Four overhead doors support shop access, while ample parking and a metal roof add useful operational features. The property is located at 202 W Newton St in Rice Lake, Wisconsin. A recently completed Phase 1 inspection is available for potential buyers to review.
Four overhead doors support shop access, while ample parking and a metal roof add useful operational features. The property is located at 202 W Newton St in Rice Lake, Wisconsin. A recently completed Phase 1 inspection is available for potential buyers to review.
Key Highlights
- 7,875 SF office, shop, and manufacturing facility
- 3,000 SF office area remodeled in 2019
- Office layout includes private offices, break room, and open workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,563
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,260
$571.3K
Cap Rate 7%
$408,043
$408.0K
Cap Rate 9%
$317,367
$317.4K
Market Conditions
NOI Build-Up for 7,875 SF
Gross rent
$47.3K $6.00/SF
− Vacancy
−$3.3K −$0.42/SF
EGI
$43.9K $5.58/SF
− OpEx
−$15.4K −$1.95/SF
NOI
$28.6K $3.63/SF
Area
Barron County, WI
Vacancy
7.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,260
Cap Rate 7%
$408,043
Cap Rate 9%
$317,367
Alternative Uses
Best Use
Warehouse
$6.33M
$5.54M – $7.38M
NOI $442,914 @ 7.0% cap · market cap 126.55%
Second Best
Industrial
$5.21M
$4.56M – $6.08M
NOI $364,753 @ 7.0% cap · market cap 104.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54868, WI
15,785
Population
7,640
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
94%
High-School Grad
212.0 sq mi
ZIP Area
74
Density / Sq Mi
$64,567
Median Household Income
$40,474
Median Earnings
$850
Median Rent
$199,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- Shank N Shig BBQ — 20 Phipps Ave, Rice Lake, WI 54868
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility combines remodeled offices with a substantial shop area suited to storage, vehicle work, or manufacturing.
Where is this flex space located?
The property is located at 202 W Newton St Rice Lake, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 7,875 SF office, shop, and manufacturing facility; 3,000 SF office area remodeled in 2019; Office layout includes private offices, break room, and open workspace
