Second-Floor Office
For Sale
Contact for pricing
1501 Clark St, Stevens Point, WI 54481
A compact workspace in a character building includes natural light, storage, and shared access to a conference room.
Property Size234 SF
Price / SF$1.92
Days on Market9
Property Features for 1501 Clark St
General Information
Standard status
Active
Size
234 SF
Amenities
original hardwood flooring
original trim
storage closets
shared conference room
full restroom
Listing Agency:
KPR BROKERS, LLC
(800) 746-9464
Listed By:
TEAM KITOWSKI · License #5272890
(715) 598-6367
Source:
Exprealty
Added: Oct 19
Changed: Oct 27
Last Checked: Oct 26 at 6:52PM
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.
Set on the second floor of a character building at 1501 Clark St, this office unit measures approximately 234 square feet. Original hardwood floors and trim remain, while multiple windows bring in natural light. Two storage closets add practical space within the suite.
Tenants share access to a full restroom and a main-floor conference room. Parking is available on the street, with designated spaces also available in the rear lot. The property is two blocks from downtown Stevens Point.
Tenants share access to a full restroom and a main-floor conference room. Parking is available on the street, with designated spaces also available in the rear lot. The property is two blocks from downtown Stevens Point.
Key Highlights
- Approximately 234 square feet on the second floor
- Original hardwood flooring and trim
- Multiple windows and two storage closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,185
Suggested Prices Based on Cap Rates
Cap Rate 5%
$43,700
$43.7K
Cap Rate 7%
$31,214
$31.2K
Cap Rate 9%
$24,278
$24.3K
Market Conditions
NOI Build-Up for 234 SF
Gross rent
$3.7K $15.96/SF
− Vacancy
−$822 −$3.51/SF
EGI
$2.9K $12.45/SF
− OpEx
−$728 −$3.11/SF
NOI
$2.2K $9.34/SF
Area
Portage County, WI
Vacancy
22.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$43,700
Cap Rate 7%
$31,214
Cap Rate 9%
$24,278
Alternative Uses
Best Use
Office B
$31.2K
$27.3K – $36.4K
NOI $2,185 @ 7.0% cap · market cap 485.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$45.5K
$39.9K – $53.1K
NOI $3,188 @ 7.0% cap · market cap 708.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,325
Businesses Nearby
Explore this area
Business Placement
Demographics for 54481, WI
28,100
Population
12,697
Households
2.2
Avg Household Size
32
Median Age
38%
College-Educated
96%
High-School Grad
65.6 sq mi
ZIP Area
428
Density / Sq Mi
$57,234
Median Household Income
$29,506
Median Earnings
$853
Median Rent
$191,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A compact workspace in a character building includes natural light, storage, and shared access to a conference room.
Where is this office unit located?
The property is located at 1501 Clark St Stevens Point, WI.
What are key features of this property?
This property features: Approximately 234 square feet on the second floor; Original hardwood flooring and trim; Multiple windows and two storage closets
