Building Details

Building Size 8,960 SF

Year Built 2024

Buildings 1

Units 1

Construction metal

Listing Agency: Freedom Choice Realty LLC Show Phone

Listed By: Jamie Kleutsch · License #58107-90 Show Phone

Source: Freedom-choice

Added: Oct 13 Changed: Oct 23 Last Checked: Oct 23 at 3:47PM

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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 Freedom Choice Realty LLC

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Investment Insights

Based on property information with market context.

Completed in 2024, this 8,960-square-foot flex building has metal exterior finishes, high ceilings, and an open interior with adaptable layouts. The design supports warehousing, light manufacturing, fitness, retail, office, and service-based uses, with the property also described as ready for expansion. A large paved parking area serves the site.

The property is near County Road K and US Highway 51. Its flexible interior configuration can accommodate a range of commercial applications.

Key Highlights

• 8,960‑square‑foot building completed in 2024
• High ceilings and open flex space with adaptable layouts
• Metal exterior finishes

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$78,163

Cap Rate

8.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,563,260 $1.6M

Cap Rate 7%

$1,116,614 $1.1M

Cap Rate 9%

$868,478 $868.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,960 SF

Gross rent

$129.0K $14.40/SF

− Vacancy

−$8.8K −$0.98/SF

EGI

$120.3K $13.42/SF

− OpEx

−$42.1K −$4.70/SF

NOI

$78.2K $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 Rate 5%

$1,563,260

Cap Rate 7%

$1,116,614

Cap Rate 9%

$868,478

Alternative Uses

Best Use

Flex RnD

$1.12M

$977.0K – $1.30M (±1% cap)

NOI $78,163 @ 7.0% cap · market cap 8.88%

Second Best

Warehouse

$1.03M

$905.0K – $1.21M (±1% cap)

NOI $72,401 @ 7.0% cap · market cap 8.23%

Theoretical Best

Specialty Retail

$1.66M

$1.45M – $1.93M (±1% cap)

NOI $115,880 @ 7.0% cap · market cap 13.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Big Box & Wholesale Store Garden Center Furniture & Home Goods (Bike/Boat/Book/etc) Store Carpet & Flooring Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

61

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Open interior space and adaptable layouts support warehousing, light manufacturing, fitness, retail, office, and service uses.

Where is this flex space located?

The property is located at 2522 Overlook Drive Wausau, WI.

What is the asking price?

The asking price for this property is $879,900.

What are key features of this property?

This property features: 8,960‑square‑foot building completed in 2024; High ceilings and open flex space with adaptable layouts; Metal exterior finishes