Stevens Point Warehouse on 1.15
For Sale
$518,500
2109 Madison Street, Stevens Point, WI 54481
Warehouse with 4,300+ sq ft on 1.15 acres.
Property Size4,375 SF
Lot Size1.15 Acres
Price / SF$118.51
Days on Market146
Property Features for 2109 Madison Street
General Information
Standard status
Active
Size
4,375 SF
Lot size
1.15 Acres
Property subtype
Commercial
Building Details
Building Size
4,375 SF
Listing Agency:
Kpr Brokers, LLC
(715) 572-1747
Listed By:
Ann Babl · License #5963794
(715) 572-1747
Source:
Northwoodswi
Added: Apr 3
Changed: Aug 23
Last Checked: Aug 25 at 8:26AM
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 Kpr Brokers, LLC
Investment Insights
Based on property information with market context.
Located at 2109 Madison Street in Stevens Point, Wisconsin, this commercial property offers a warehouse with over 4,300 square feet of space. The property is situated on a 1.15-acre lot, providing ample room for parking, storage, equipment, or future site improvements. The location provides convenient access to major routes and area businesses. This property is suitable for various commercial or industrial uses and may be ideal for an owner-occupant, investor, or growing operation seeking functional space and strong potential.
Key Highlights
- Over 4,300 sq ft of warehouse space suitable for various commercial/industrial uses.
- Large 1.15 acre lot offers ample space for parking, storage, or expansion.
- Convenient Stevens Point location with easy access to major routes and businesses.
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
$14,505
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
2.80%
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%
$290,100
$290.1K
Cap Rate 7%
$207,214
$207.2K
Cap Rate 9%
$161,167
$161.2K
Market Conditions
NOI Build-Up for 4,375 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
$18.0K $4.11/SF
− Vacancy
−$917 −$0.21/SF
EGI
$17.1K $3.90/SF
− OpEx
−$2.6K −$0.59/SF
NOI
$14.5K $3.32/SF
Area
Portage County, WI
Vacancy
5.10%
Lease Rate
$4.11 /SF/Yr
Expense Ratio
15.00%
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%
$290,100
Cap Rate 7%
$207,214
Cap Rate 9%
$161,167
Alternative Uses
Best Use
Mixed Use
$776.3K
$679.2K – $905.6K
NOI $54,338 @ 7.0% cap · market cap 10.48%
Second Best
Warehouse
$207.2K
$181.3K – $241.8K
NOI $14,505 @ 7.0% cap · market cap 2.80%
Theoretical Best
Specialty Retail
$851.4K
$745.0K – $993.3K
NOI $59,600 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- InTown Storage — 2500 Church St, Stevens Point, WI 54481
- Lark Self Storage — 2101 Patch St, Stevens Point, WI 54481
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with 4,300+ sq ft on 1.15 acres.
Where is this warehouse located?
The property is located at 2109 Madison Street Stevens Point, WI.
What is the asking price?
The asking price for this property is $518,500.
What are key features of this property?
This property features: Over 4,300 sq ft of warehouse space suitable for various commercial/industrial uses.; Large 1.15 acre lot offers ample space for parking, storage, or expansion.; Convenient Stevens Point location with easy access to major routes and businesses.
