Flex Space With Office and
For Sale
$350,000
202 W Newton St, Rice Lake, WI 54868
Versatile commercial facility combines remodeled offices with a substantial shop area suited to storage, vehicle work, or manufacturing.
Property Size7,875 SF
Price / SF$44.44
Days on Market29
Property Features for 202 W Newton St
General Information
Standard status
Active
Size
7,875 SF
Warehouse & Industrial
Warehouse Space
4,875 SF
Office Build-Out
3,000 SF
Taxes and HOA fees
Annual Taxes
$5,415
Amenities
break room
Building Details
Year Renovated
2019
Building Size
7,875 SF
Listing Agency:
Coldwell Banker Realty Shell Lake
(715) 416-0511
Listed By:
David McNulty · License #5546390
(715) 416-0511
Source:
Exprealty
Added: Jul 21
Changed: Aug 18
Last Checked: Aug 18 at 2:42PM
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 Coldwell Banker Realty Shell Lake
Investment Insights
Based on property information with market context.
This 7,875-square-foot flex facility combines office, shop, and manufacturing areas in a practical commercial layout. The 3,000-square-foot office section was remodeled in 2019 and includes several private offices, a large break room, and an open workspace suitable for cubicles. The adjoining 4,875-square-foot shop is currently configured for truck and vehicle work, with flexibility for storage, manufacturing, or other uses.
Four overhead doors support shop access, while ample parking and a metal roof add useful operational features. The property is located at 202 W Newton St in Rice Lake, Wisconsin. A recently completed Phase 1 inspection is available for potential buyers to review.
Four overhead doors support shop access, while ample parking and a metal roof add useful operational features. The property is located at 202 W Newton St in Rice Lake, Wisconsin. A recently completed Phase 1 inspection is available for potential buyers to review.
Key Highlights
- 7,875 SF office, shop, and manufacturing facility
- 3,000 SF office area remodeled in 2019
- Office layout includes private offices, break room, and open workspace
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
$28,563
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
8.16%
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%
$571,260
$571.3K
Cap Rate 7%
$408,043
$408.0K
Cap Rate 9%
$317,367
$317.4K
Market Conditions
NOI Build-Up for 7,875 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
$47.3K $6.00/SF
− Vacancy
−$3.3K −$0.42/SF
EGI
$43.9K $5.58/SF
− OpEx
−$15.4K −$1.95/SF
NOI
$28.6K $3.63/SF
Area
Barron County, WI
Vacancy
7.00%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
35.00%
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%
$571,260
Cap Rate 7%
$408,043
Cap Rate 9%
$317,367
Alternative Uses
Best Use
Warehouse
$6.33M
$5.54M – $7.38M
NOI $442,914 @ 7.0% cap · market cap 126.55%
Second Best
Industrial
$5.21M
$4.56M – $6.08M
NOI $364,753 @ 7.0% cap · market cap 104.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54868, WI
15,785
Population
7,640
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
94%
High-School Grad
212.0 sq mi
ZIP Area
74
Density / Sq Mi
$64,567
Median Household Income
$40,474
Median Earnings
$850
Median Rent
$199,300
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?
Flex space - Versatile commercial facility combines remodeled offices with a substantial shop area suited to storage, vehicle work, or manufacturing.
Where is this flex space located?
The property is located at 202 W Newton St Rice Lake, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 7,875 SF office, shop, and manufacturing facility; 3,000 SF office area remodeled in 2019; Office layout includes private offices, break room, and open workspace
