Medical/Dental Office Condo For
For Sale
$950,000
1875 West Pointe Dr, Oshkosh, WI 54902
Medical or dental office condo with highway frontage for sale.
Property Size4,560 SF
Price / SF$208.33
Days on Market141
Property Features for 1875 West Pointe Dr
General Information
Standard status
Active
Size
4,560 SF
Building Details
Year Built
2000
Listing Agency:
First Weber Oshkosh
Listed By:
Gene E. Young
(920) 233-4184
Source:
Moving2greenbay
Added: May 27
Changed: Oct 7
Last Checked: Oct 7 at 5:09PM
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 First Weber Oshkosh
Investment Insights
Based on property information with market context.
This medical or dental office condo is available for sale, offering an opportunity for a new venture. The property features highway frontage and convenient highway access. The interior has a nice finish. This condo comprises 2 units. The seller has owned both sides and has covered all expenses equally, with this unit deemed as 40% of the cost of all services for lawn and snow removal. That monthly cost is currently $800. In the past with bigger projects, such as resurfacing the parking lot, the seller paid the 60% share.
Key Highlights
- Suitable for medical or dental office.
- Highway frontage.
- Convenient highway access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,976
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,520
$1.1M
Cap Rate 7%
$785,371
$785.4K
Cap Rate 9%
$610,844
$610.8K
Market Conditions
NOI Build-Up for 4,560 SF
Gross rent
$100.1K $21.96/SF
− Vacancy
−$8.5K −$1.87/SF
EGI
$91.6K $20.09/SF
− OpEx
−$36.7K −$8.04/SF
NOI
$55.0K $12.06/SF
Area
Winnebago County, WI
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,520
Cap Rate 7%
$785,371
Cap Rate 9%
$610,844
Alternative Uses
Best Use
Healthcare Medical
$785.4K
$687.2K – $916.3K
NOI $54,976 @ 7.0% cap · market cap 5.79%
Second Best
Office B
$738.7K
$646.4K – $861.8K
NOI $51,710 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$984.2K
$861.2K – $1.15M
NOI $68,895 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54902, WI
22,309
Population
10,800
Households
2.1
Avg Household Size
40
Median Age
27%
College-Educated
94%
High-School Grad
35.0 sq mi
ZIP Area
637
Density / Sq Mi
$64,548
Median Household Income
$41,592
Median Earnings
$859
Median Rent
$163,900
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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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical or dental office condo with highway frontage for sale.
Where is this medical office space located?
The property is located at 1875 West Pointe Dr Oshkosh, WI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Suitable for medical or dental office.; Highway frontage.; Convenient highway access.
