Renovated Flex
For Sale
$249,000
2-19845 County Highway X, Chippewa Falls, WI
One-story commercial property combines showroom, office, and flexible areas with room for parking, vehicle display, or outdoor storage.
Property Size2,116 SF
Price / SF$117.67
Days on Market161
Property Features for 2-19845 County Highway X
General Information
Standard status
Active
Size
2,116 SF
Taxes and HOA fees
Annual Taxes
$1,869
Listing Agency:
Team Trillium
(715) 456-5923
Listed By:
Jake Tanner · License #WI 91017-94
(715) 456-5923
Source:
Exprealty
Added: Mar 25
Changed: Aug 31
Last Checked: Aug 31 at 7:19PM
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 Team Trillium
Investment Insights
Based on property information with market context.
This 2,116-square-foot flex property occupies a 0.70-acre site along County Highway X. The one-story building was renovated in 2024 and includes showroom space, office and flex areas, plus a partial basement that can support storage or utility functions. The configuration is suited to auto sales, retail, and service-oriented business uses.
The site provides frontage on County Highway X with space for parking, vehicle display, or outdoor storage. Its location near Lake Wissota and within a short drive of Eau Claire places the property within reach of nearby customers and employees.
The site provides frontage on County Highway X with space for parking, vehicle display, or outdoor storage. Its location near Lake Wissota and within a short drive of Eau Claire places the property within reach of nearby customers and employees.
Key Highlights
- 2,116 SF one‑story commercial building on a 0.70‑acre lot
- Renovated in 2024
- Showroom, office, and flex areas with partial basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,640
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$432,800
$432.8K
Cap Rate 7%
$309,143
$309.1K
Cap Rate 9%
$240,444
$240.4K
Market Conditions
NOI Build-Up for 2,116 SF
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.
Gross rent
$31.7K $15.00/SF
− Vacancy
−$825 −$0.39/SF
EGI
$30.9K $14.61/SF
− OpEx
−$9.3K −$4.38/SF
NOI
$21.6K $10.23/SF
Area
Chippewa County, WI
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$432,800
Cap Rate 7%
$309,143
Cap Rate 9%
$240,444
Alternative Uses
Best Use
Industrial
$967.4K
$846.5K – $1.13M
NOI $67,720 @ 7.0% cap · market cap 27.20%
Second Best
Retail
$309.1K
$270.5K – $360.7K
NOI $21,640 @ 7.0% cap · market cap 8.69%
Theoretical Best
Warehouse
$1.17M
$1.03M – $1.37M
NOI $82,231 @ 7.0% cap · market cap 33.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Current Catering — 36 W Spring St, Chippewa Falls, WI 54729
- Olson’s Ice Cream — 611 N Bridge St, Chippewa Falls, WI 54729
- Catering Bye Design — 501 n high st, chippewa falls, wi 54729
Frequently Asked Questions
What type of property is this?
Flex space - One-story commercial property combines showroom, office, and flexible areas with room for parking, vehicle display, or outdoor storage.
Where is this flex space located?
The property is located at 2-19845 County Highway X Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 2,116 SF one‑story commercial building on a 0.70‑acre lot; Renovated in 2024; Showroom, office, and flex areas with partial basement
