Building Details

Building Size 1,440 SF

Buildings 1

Listing Agency: Exit Realty Cw b***@exitcw.com Show Phone

Listed By: Bryan Radlinger Show Phone

Source: Freedom-choice

Added: Jul 16, 2025 Changed: Oct 29 Last Checked: Oct 26 at 3:58AM

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Investment Insights

Based on property information with market context.

This 1,440-square-foot commercial warehouse has a 5-inch concrete floor, insulated walls and ceiling, and steel interior panels. A 14-by-14-foot insulated garage door provides access, while two insulated transom windows on the south wall bring in natural light. Building systems include 100-amp electrical service, 10 overhead LED shop lights, two ceiling fans, six two-way 20-amp outlets and an exterior LED light.

The sale includes the building, its driveway and the land beneath them. A seller-provided maintenance agreement covers snow removal and lawn care. The property is at 1836 Ellis Road in Custer, northeast of Stevens Point.

Key Highlights

• 1,440‑square‑foot warehouse with insulated walls and ceiling
• 14‑by‑14‑foot insulated garage door
• 5‑inch‑thick concrete floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$4,774

Cap Rate

3.18%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$95,480 $95.5K

Cap Rate 7%

$68,200 $68.2K

Cap Rate 9%

$53,044 $53.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,440 SF

Gross rent

$5.9K $4.11/SF

− Vacancy

−$302 −$0.21/SF

EGI

$5.6K $3.90/SF

− OpEx

−$842 −$0.59/SF

NOI

$4.8K $3.32/SF

Area

Portage County, WI

Vacancy

5.10%

Lease Rate

$4.11 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$95,480

Cap Rate 7%

$68,200

Cap Rate 9%

$53,044

Alternative Uses

Best Use

Warehouse

$68.2K

$59.7K – $79.6K (±1% cap)

NOI $4,774 @ 7.0% cap · market cap 3.18%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$280.2K

$245.2K – $327.0K (±1% cap)

NOI $19,617 @ 7.0% cap · market cap 13.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Auto Repair Shop Restaurant Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

16

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 54423, WI

2,349

Population

894

Households

2.6

Avg Household Size

46

Median Age

33%

College-Educated

95%

High-School Grad

48.3 sq mi

ZIP Area

49

Density / Sq Mi

$116,941

Median Household Income

$54,408

Median Earnings

$789

Median Rent

$290,700

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Warehouse - A 100-amp electrical service supports interior lighting, ceiling fans and multiple outlets.

Where is this warehouse located?

The property is located at 1836 Ellis Road Custer, WI.

What is the asking price?

The asking price for this property is $149,900.

What are key features of this property?

This property features: 1,440‑square‑foot warehouse with insulated walls and ceiling; 14‑by‑14‑foot insulated garage door; 5‑inch‑thick concrete floor