Fenced-Yard Flex
For Sale
Contact for pricing
2110 Jefferson St, Wisconsin Rapids, WI 54495
Leased flex property with office, breakroom, shop space, and a secured outdoor yard.
Property Size8,060 SF
Price / SF$53.97
Days on Market226
Property Features for 2110 Jefferson St
General Information
Standard status
Active
Size
8,060 SF
Property subtype
INDUSTRIAL
Listing Agency:
NAI Pfefferle
(920) 205-4849
Listed By:
Jonathan Glassco
Source:
Moodyscre
Added: Jan 16
Changed: Aug 30
Last Checked: Aug 30 at 12:30AM
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 8,060-square-foot flex property combines shop and office functions within Wisconsin Rapids Industrial Park. The building includes three offices, a breakroom, two bathrooms, and two drive-in doors, supporting a range of industrial and service-oriented operations. A large fenced yard adds usable outdoor storage or work space.
Brand Safway currently occupies the property, and the lease may be extended at closing. The asset is located on Jefferson St in Wisconsin Rapids, Wisconsin, providing an established industrial-park setting for the existing operation.
Brand Safway currently occupies the property, and the lease may be extended at closing. The asset is located on Jefferson St in Wisconsin Rapids, Wisconsin, providing an established industrial-park setting for the existing operation.
Key Highlights
- 8,060‑square‑foot flex property in Wisconsin Rapids Industrial Park
- Large fenced yard provides additional outdoor work or storage area
- Three offices, a breakroom, and two bathrooms
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
$34,902
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
8.02%
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%
$698,040
$698.0K
Cap Rate 7%
$498,600
$498.6K
Cap Rate 9%
$387,800
$387.8K
Market Conditions
NOI Build-Up for 8,060 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
$52.9K $6.56/SF
− Vacancy
−$3.0K −$0.37/SF
EGI
$49.9K $6.19/SF
− OpEx
−$15.0K −$1.86/SF
NOI
$34.9K $4.33/SF
Area
Wood County, WI
Vacancy
5.70%
Lease Rate
$6.56 /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%
$698,040
Cap Rate 7%
$498,600
Cap Rate 9%
$387,800
Alternative Uses
Best Use
Flex RnD
$980.4K
$857.8K – $1.14M
NOI $68,627 @ 7.0% cap · market cap 15.78%
Second Best
Warehouse
$605.4K
$529.8K – $706.4K
NOI $42,381 @ 7.0% cap · market cap 9.74%
Theoretical Best
Specialty Retail
$1.56M
$1.37M – $1.82M
NOI $109,456 @ 7.0% cap · market cap 25.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54495, WI
7,638
Population
3,605
Households
2.1
Avg Household Size
40
Median Age
12%
College-Educated
91%
High-School Grad
104.0 sq mi
ZIP Area
73
Density / Sq Mi
$49,476
Median Household Income
$32,586
Median Earnings
$804
Median Rent
$117,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Leased flex property with office, breakroom, shop space, and a secured outdoor yard.
Where is this flex space located?
The property is located at 2110 Jefferson St Wisconsin Rapids, WI.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 8,060‑square‑foot flex property in Wisconsin Rapids Industrial Park; Large fenced yard provides additional outdoor work or storage area; Three offices, a breakroom, and two bathrooms
