1031 Exchange Property with
For Sale
$2,795,000
1815 Stewart Avenue, Wausau, WI 54401
Recently renovated building leased to Walkabout Orthotics and Prosthetics through 8/13/29.
Property Size22,000 SF
Days on Market108
Property Features for 1815 Stewart Avenue
General Information
Standard status
Active
Size
22,000 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
22,000 SF
Tenancy
Single
Listing Agency:
Nai Pfefferle
(715) 218-2900
Listed By:
Anthony Morice · License #8991794
(715) 218-2900
Source:
Northwoodswi
Added: Apr 20
Changed: Aug 5
Last Checked: Aug 5 at 4:33AM
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 Nai Pfefferle
Investment Insights
Based on property information with market context.
Located at 1815 Stewart Avenue in Wausau, Wisconsin, this recently renovated 1031 exchange property is leased to Walkabout Orthotics and Prosthetics. The building benefits from convenient highway access, supporting straightforward travel to and from the site.
The current lease extends through 8/13/29 and includes a renewal option, with additional 2-3 year renewal options identified. Complete architectural drawings are available, providing documentation for evaluating the property’s existing improvements and future planning.
The current lease extends through 8/13/29 and includes a renewal option, with additional 2-3 year renewal options identified. Complete architectural drawings are available, providing documentation for evaluating the property’s existing improvements and future planning.
Key Highlights
- Leased to Walkabout Orthotics and Prosthetics through 8/13/29
- 2‑3 year renewal options available
- Recent renovation completed
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $374.9k | $17.04 |
| − Vacancy | −$82.5k | −$3.75 |
| EGI | $292.4k | $13.29 |
| − OpEx | −$73.1k | −$3.32 |
| NOI | $219.3k | $9.97 |
22,000 SF · lease $17.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$3.77M
$3.30M – $4.40M
NOI $263,736 @ 7.0% cap · market cap 9.44%
Second Best
Office B
$3.13M
$2.74M – $3.66M
NOI $219,305 @ 7.0% cap · market cap 7.85%
Theoretical Best
Specialty Retail
$4.06M
$3.56M – $4.74M
NOI $284,526 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Explore this area
Business Placement
Demographics for 54401, WI
31,727
Population
14,230
Households
2.2
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
84.2 sq mi
ZIP Area
377
Density / Sq Mi
$69,542
Median Household Income
$40,796
Median Earnings
$969
Median Rent
$186,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
1031 exchange property - Recently renovated building leased to Walkabout Orthotics and Prosthetics through 8/13/29.
Where is this 1031 exchange property located?
The property is located at 1815 Stewart Avenue Wausau, WI.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: Leased to Walkabout Orthotics and Prosthetics through 8/13/29; 2‑3 year renewal options available; Recent renovation completed
