Updated Flex Space with Office
New
For Sale
$1,095,000
2520 N 14TH AVENUE, Wausau, WI 54401
Remodeled commercial space combines offices, storage, kitchen facilities, and adaptable areas for multiple configurations.
Property Size6,500 SF
Price / SF$168.46
Days on Market2
Property Features for 2520 N 14TH AVENUE
General Information
Standard status
Active
Size
6,500 SF
Property subtype
Industrial
Zoning
Commercial
Warehouse & Industrial
Clear Height
10 ft
Three-Phase Power
Yes
Building Details
Year Built
2007
Buildings
1
Stories
1
Units
1
Building Size
6,500 SF
Listed By:
Stevens Point Realty Inc.
(715) 544-0419
Source:
Stevenspointre.idxbroker
Added: Sep 12
Last Checked: Sep 13 at 4:09AM
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 Stevens Point Realty Inc.
Investment Insights
Based on property information with market context.
Built in 2007, this 6,500-square-foot flex property has been recently remodeled and provides a mix of office, storage, and open commercial areas. The building includes 10-foot ceilings, in-floor heat, and 3-phase electrical service. A kitchen area is equipped with an Ansul fire suppression system and commercial cooler.
The layout can be divided to support different configurations, giving an owner flexibility in organizing the space. The property is located at 2520 N 14th Avenue in Wausau, Wisconsin, and is zoned Commercial.
The layout can be divided to support different configurations, giving an owner flexibility in organizing the space. The property is located at 2520 N 14th Avenue in Wausau, Wisconsin, and is zoned Commercial.
Key Highlights
- 6,500 square feet of recently remodeled commercial space
- 10‑foot ceilings with in‑floor heat
- 3‑phase electrical service
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
$56,703
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
5.18%
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%
$1,134,060
$1.1M
Cap Rate 7%
$810,043
$810.0K
Cap Rate 9%
$630,033
$630.0K
Market Conditions
NOI Build-Up for 6,500 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
$93.6K $14.40/SF
− Vacancy
−$6.4K −$0.98/SF
EGI
$87.2K $13.42/SF
− OpEx
−$30.5K −$4.70/SF
NOI
$56.7K $8.72/SF
Area
Marathon County, WI
Vacancy
6.80%
Lease Rate
$14.40 /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%
$1,134,060
Cap Rate 7%
$810,043
Cap Rate 9%
$630,033
Alternative Uses
Best Use
Flex RnD
$810.0K
$708.8K – $945.1K
NOI $56,703 @ 7.0% cap · market cap 5.18%
Second Best
Industrial
$617.9K
$540.7K – $720.9K
NOI $43,254 @ 7.0% cap · market cap 3.95%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,065 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10 ft
Clear height
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Well-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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Remodeled commercial space combines offices, storage, kitchen facilities, and adaptable areas for multiple configurations.
Where is this flex space located?
The property is located at 2520 N 14TH AVENUE Wausau, WI.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 6,500 square feet of recently remodeled commercial space; 10‑foot ceilings with in‑floor heat; 3‑phase electrical service
