Corner Retail Strip
For Sale
$972,000
205 W Bridge St, Wausau, WI 54401
Corner strip center with separate metering, 8 revenue spaces plus storage, and 35+ paved parking spots.
Property Size8,400 SF
Price / SF$115.71
Days on Market180
Property Features for 205 W Bridge St
General Information
Standard status
Active
Size
8,400 SF
Additional Details
Road Access
Yes
Amenities
separate metering
signage available
Building Details
Construction
split face block
Listing Agency:
NAI PFEFFERLE
Listed By:
ANTHONY MORICE · License #8991794
(715) 218-2900
Source:
Exprealty
Added: Mar 11
Changed: Sep 3
Last Checked: Sep 5 at 12:08PM
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 NAI PFEFFERLE
Investment Insights
Based on property information with market context.
This split face block retail strip center is configured with 8 revenue spaces plus storage. The building includes separate metering on the main floor, while the lower level is pro-rated on a split-by-square-foot basis. Signage is available for the property.
Located on a prime corner, the site benefits from 35+ paved parking spots. The property is presented as an ownership opportunity with additional lease revenue.
The overall setup supports multiple revenue streams, combining the main-floor separate metering with the lower-level pro rata arrangement.
Located on a prime corner, the site benefits from 35+ paved parking spots. The property is presented as an ownership opportunity with additional lease revenue.
The overall setup supports multiple revenue streams, combining the main-floor separate metering with the lower-level pro rata arrangement.
Key Highlights
- Prime Bridge St corner strip center with separate metering on the main floor
- Includes 8 revenue spaces plus storage
- Lower‑level pro rata setup split by SF
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
$84,496
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%
$1,689,920
$1.7M
Cap Rate 7%
$1,207,086
$1.2M
Cap Rate 9%
$938,844
$938.8K
Market Conditions
NOI Build-Up for 8,400 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
$126.0K $15.00/SF
− Vacancy
−$5.3K −$0.63/SF
EGI
$120.7K $14.37/SF
− OpEx
−$36.2K −$4.31/SF
NOI
$84.5K $10.06/SF
Area
Marathon County, WI
Vacancy
4.20%
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%
$1,689,920
Cap Rate 7%
$1,207,086
Cap Rate 9%
$938,844
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,496 @ 7.0% cap · market cap 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,637 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54401, WI
31,727
Population
14,230
Households
2.2
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
84.2 sq mi
ZIP Area
377
Density / Sq Mi
$69,542
Median Household Income
$40,796
Median Earnings
$969
Median Rent
$186,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner strip center with separate metering, 8 revenue spaces plus storage, and 35+ paved parking spots.
Where is this storefront property located?
The property is located at 205 W Bridge St Wausau, WI.
What is the asking price?
The asking price for this property is $972,000.
What are key features of this property?
This property features: Prime Bridge St corner strip center with separate metering on the main floor; Includes 8 revenue spaces plus storage; Lower‑level pro rata setup split by SF
