Office Building For
2187 N Stevens St, Rhinelander, WI 54501
For Sale
Contact for pricing
Office building with long history available for purchase.
Property Size18,500 SF
Price / SF$131.27
Days on Market2302
Property Features for 2187 N Stevens St
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Occupancy
Lease Type
Net Operating Income
Building Details
Year Built
Stories
Tenancy
Listing Agency:
NAI Pfefferle
Listed By:
T.J. Morice, SIOR · License WI 89917-94
Source:
Crexi
Added: Jul 23, 2020
Changed: Nov 5
Last Checked: Nov 10 at 7:50AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate property is an office building with a size of 18500 square feet. The property has a long history.
Key Highlights
- Year Built: 2006
- Long history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,175
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,163,500
$3.2M
Cap Rate 7%
$2,259,643
$2.3M
Cap Rate 9%
$1,757,500
$1.8M
Market Conditions
NOI Build-Up for 18,500 SF
Gross rent
$277.5K $15.00/SF
− Vacancy
−$66.6K −$3.60/SF
EGI
$210.9K $11.40/SF
− OpEx
−$52.7K −$2.85/SF
NOI
$158.2K $8.55/SF
Area
Oneida County, WI
Vacancy
24.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,163,500
Cap Rate 7%
$2,259,643
Cap Rate 9%
$1,757,500
Alternative Uses
Best Use
Office B
$2.26M
$1.98M – $2.64M
NOI $158,175 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$8.66M
$7.58M – $10.10M
NOI $606,121 @ 7.0% cap · market cap 24.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 54501, WI
20,591
Population
12,754
Households
1.6
Avg Household Size
48
Median Age
26%
College-Educated
96%
High-School Grad
366.3 sq mi
ZIP Area
56
Density / Sq Mi
$68,602
Median Household Income
$37,578
Median Earnings
$831
Median Rent
$194,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office building with long history available for purchase.
Where is this office building located?
The property is located at 2187 N Stevens St Rhinelander, WI.
What is the asking price?
The asking price for this property is $2,428,558.
What are key features of this property?
This property features: Year Built: 2006; Long history
