Multi-Level Office Building with
For Sale
Contact for pricing
201 Frontenac Ave, Stevens Point, WI 54481
Well-laid-out office building with main-floor offices, a glass-walled conference room, and additional workstation space below.
Property Size12,344 SF
Price / SF$105.31
Days on Market56
Property Features for 201 Frontenac Ave
General Information
Standard status
Active
Size
12,344 SF
Total Parking Spaces
26
Property subtype
Office
Zoning
Other
Investment Type
Owner/User
Building Details
Year Built
1996
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
First Weber
(715) 498-6688
Listed By:
Josh Slaton · License #86356-94
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 11 at 7:23AM
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
Investment Insights
Based on property information with market context.
This 12,344-square-foot office building is designed for functional day-to-day operations across two levels. Entry opens to a receptionist area and directs guests into one of two main-floor office corridors. The main level includes 15 offices, 13 of which have windows for natural light, plus a central conference room featuring a wall of glass for visibility or privacy with blinds. Two bathrooms are located near the main entrance.
The south end of the building includes a 2001 addition with 17 work stations. A utility elevator provides convenient movement between the main level and the lower level, and there are two sets of stairs to the partially exposed lower level. The lower level currently offers 9 workstations and 4 offices, along with additional bathrooms, a spacious break room, a mail room, and storage space, supported by full-size windows that bring in natural light.
The property’s configuration supports teams that want to occupy one floor or operate across both levels, and the current owner has indicated openness to leasing back the unused floor if needed. With entrances that may allow separation between spaces, it can also be workable for businesses seeking distinct operational areas. Parking is included through two city lots, and the owner plans to seal and restripe the asphalt lot and parking spaces at sale.
The south end of the building includes a 2001 addition with 17 work stations. A utility elevator provides convenient movement between the main level and the lower level, and there are two sets of stairs to the partially exposed lower level. The lower level currently offers 9 workstations and 4 offices, along with additional bathrooms, a spacious break room, a mail room, and storage space, supported by full-size windows that bring in natural light.
The property’s configuration supports teams that want to occupy one floor or operate across both levels, and the current owner has indicated openness to leasing back the unused floor if needed. With entrances that may allow separation between spaces, it can also be workable for businesses seeking distinct operational areas. Parking is included through two city lots, and the owner plans to seal and restripe the asphalt lot and parking spaces at sale.
Key Highlights
- 12,344 SF office building built in 1996 with main‑level and lower‑level office/workstation space.
- Main level features a reception area, two main office corridors, 15 offices, and 13 windowed offices for natural light.
- Large conference room with a glass wall on the main level for visibility, plus option to use blinds for privacy.
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
$115,251
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
8.87%
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%
$2,305,020
$2.3M
Cap Rate 7%
$1,646,443
$1.6M
Cap Rate 9%
$1,280,567
$1.3M
Market Conditions
NOI Build-Up for 12,344 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
$197.0K $15.96/SF
− Vacancy
−$43.3K −$3.51/SF
EGI
$153.7K $12.45/SF
− OpEx
−$38.4K −$3.11/SF
NOI
$115.3K $9.34/SF
Area
Portage County, WI
Vacancy
22.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
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%
$2,305,020
Cap Rate 7%
$1,646,443
Cap Rate 9%
$1,280,567
Alternative Uses
Best Use
Office B
$1.65M
$1.44M – $1.92M
NOI $115,251 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.40M
$2.10M – $2.80M
NOI $168,159 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
Business Placement
Demographics for 54481, WI
28,100
Population
12,697
Households
2.2
Avg Household Size
32
Median Age
38%
College-Educated
96%
High-School Grad
65.6 sq mi
ZIP Area
428
Density / Sq Mi
$57,234
Median Household Income
$29,506
Median Earnings
$853
Median Rent
$191,700
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?
Office building - Well-laid-out office building with main-floor offices, a glass-walled conference room, and additional workstation space below.
Where is this office building located?
The property is located at 201 Frontenac Ave Stevens Point, WI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 12,344 SF office building built in 1996 with main‑level and lower‑level office/workstation space.; Main level features a reception area, two main office corridors, 15 offices, and 13 windowed offices for natural light.; Large conference room with a glass wall on the main level for visibility, plus option to use blinds for privacy.
