Mixed-Use Property with
For Sale
$389,900
518 Hagar St, La Crosse, WI 54603
Includes an established bar, parking, and potential for residential income use.
Property Size1,744 SF
Price / SF$223.57
Days on Market32
Property Features for 518 Hagar St
General Information
Standard status
Active
Size
1,744 SF
Building Details
Year Built
1950
Listing Agency:
Coldwell Banker Commercial River Valley
Listed By:
Damon Olson · License #5852190
(608) 784-9930
Source:
Nikolicgroup
Added: Aug 23
Changed: Sep 12
Last Checked: Sep 22 at 10:24PM
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 Commercial River Valley
Investment Insights
Based on property information with market context.
This mixed-use property includes an established bar and parking, with additional residential income potential identified in the property information. The building was constructed in 1950.
Located at 518 Hagar St in La Crosse, Wisconsin, the property offers a commercial and residential component within one asset. Specific details regarding the residential configuration and bar improvements are not provided.
Located at 518 Hagar St in La Crosse, Wisconsin, the property offers a commercial and residential component within one asset. Specific details regarding the residential configuration and bar improvements are not provided.
Key Highlights
- Established bar included
- Parking available
- Residential income potential
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,699
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$533,980
$534.0K
Cap Rate 7%
$381,414
$381.4K
Cap Rate 9%
$296,656
$296.7K
Market Conditions
NOI Build-Up for 1,744 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.7K $21.60/SF
− Vacancy
−$2.1K −$1.19/SF
EGI
$35.6K $20.41/SF
− OpEx
−$8.9K −$5.10/SF
NOI
$26.7K $15.31/SF
Area
La Crosse County, WI
Vacancy
5.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$533,980
Cap Rate 7%
$381,414
Cap Rate 9%
$296,656
Alternative Uses
Best Use
Specialty Retail
$381.4K
$333.7K – $445.0K
NOI $26,699 @ 7.0% cap · market cap 6.85%
Second Best
Mixed Use
$223.5K
$195.6K – $260.7K
NOI $15,644 @ 7.0% cap · market cap 4.01%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
88k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 53%
Shops & Services 25%
Dining 22%
Menards
Home Improvements & Furnishings
46,818 visits/mo
0.4 miles
Kwik Trip
Shops & Services
15,867 visits/mo
0.4 miles
Hardee's
Dining
7,402 visits/mo
0.4 miles
Dunkin' Donuts
Dining
6,689 visits/mo
0.4 miles
Flip Side
Dining
5,377 visits/mo
0.5 miles
Demographics for 54603, WI
14,203
Population
7,168
Households
2
Avg Household Size
39
Median Age
21%
College-Educated
92%
High-School Grad
8.9 sq mi
ZIP Area
1,596
Density / Sq Mi
$49,693
Median Household Income
$37,917
Median Earnings
$936
Median Rent
$175,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes an established bar, parking, and potential for residential income use.
Where is this mixed-use property located?
The property is located at 518 Hagar St La Crosse, WI.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Established bar included; Parking available; Residential income potential
