Flex Property with Heated
New
For Sale
Contact for pricing
1890 N Stevens St, Rhinelander, WI 54501
The property combines offices, shared work areas, and a separate shop with on-site parking.
Property Size4,032 SF
Lot Size9.00 Acres
Price / SF$0.79
Days on Market5
Property Features for 1890 N Stevens St
General Information
Standard status
Active
Size
4,032 SF
Lot size
9.00 Acres
Property subtype
Commercial
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$18,934
Amenities
conference room
kitchenette
Building Details
Building Size
4,032 SF
Buildings
2
Listing Agency:
Redman Realty Group, LLC
(715) 358-0450
Listed By:
Lisa Alsteen · License #52808 - 90
(715) 360-0010
Source:
Integrityrealtorsllc
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 26 at 4:04AM
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 Redman Realty Group, LLC
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Investment Insights
Based on property information with market context.
This flex property includes an office building with offices on each level, a conference room, kitchenette, storage areas, and two bathrooms. A separate 50-by-60-foot heated metal shop sits on a concrete slab and contains two overhead doors, additional storage, workspace, a bathroom, and an office.
The property includes 9 acres and a parking area that accommodates employee and equipment parking. The property is leased.
The property includes 9 acres and a parking area that accommodates employee and equipment parking. The property is leased.
Key Highlights
- Separate 50x60 heated metal shop on a concrete slab
- Office building with multiple offices on each level
- Shop includes two overhead doors, workspace, storage, a bathroom, and an office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,707
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,140
$334.1K
Cap Rate 7%
$238,671
$238.7K
Cap Rate 9%
$185,633
$185.6K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$27.6K $6.84/SF
− Vacancy
−$1.9K −$0.47/SF
EGI
$25.7K $6.37/SF
− OpEx
−$9.0K −$2.23/SF
NOI
$16.7K $4.14/SF
Area
Oneida County, WI
Vacancy
6.80%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,140
Cap Rate 7%
$238,671
Cap Rate 9%
$185,633
Alternative Uses
Best Use
Industrial
$1.89M
$1.65M – $2.20M
NOI $132,102 @ 7.0% cap · market cap 4,128.19%
Second Best
Office B
$492.5K
$430.9K – $574.6K
NOI $34,474 @ 7.0% cap · market cap 1,077.31%
Theoretical Best
—
—
same as Best Use
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
218
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54501, WI
20,591
Population
12,754
Households
1.6
Avg Household Size
48
Median Age
26%
College-Educated
96%
High-School Grad
366.3 sq mi
ZIP Area
56
Density / Sq Mi
$68,602
Median Household Income
$37,578
Median Earnings
$831
Median Rent
$194,900
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?
Flex space - The property combines offices, shared work areas, and a separate shop with on-site parking.
Where is this flex space located?
The property is located at 1890 N Stevens St Rhinelander, WI.
What are key features of this property?
This property features: Separate 50x60 heated metal shop on a concrete slab; Office building with multiple offices on each level; Shop includes two overhead doors, workspace, storage, a bathroom, and an office
