Multi-Size Office
2811 8th Street South #2821 8th Street Sout, Wisconsin Rapids, WI 54494
For Sale
New
Contact for pricing
Office configurations range from individual rooms to combinations suited to larger space requirements.
Property Size27,760 SF
Price / SF$0.00
Days on Market6
Property Features for 2811 8th Street South #2821 8th Street Sout
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Highway Access
Building Details
Building Size
Year Built
Listing Agency:
First Weber
(715) 341-6688
Listed By:
Peter Harris · License WI #3830390
(715) 498-6688
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 10 at 3:40PM
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 First Weber
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office space is available in varied configurations, from a single office to combinations totaling up to 5,000 square feet, more or less. The building dates to 1976.
The property is on 8th Street South, also designated State Highway 13. Lease terms are gross and include gas, electricity, water, sewer, and common area maintenance; snow removal is excluded.
The property is on 8th Street South, also designated State Highway 13. Lease terms are gross and include gas, electricity, water, sewer, and common area maintenance; snow removal is excluded.
Key Highlights
- Office combinations available up to 5,000 square feet (MOL)
- Located on 8th Street South, also known as State Highway 13
- Gross lease includes gas, electricity, sewer, water, and CAM; snow removal is excluded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$246,717
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,934,340
$4.9M
Cap Rate 7%
$3,524,529
$3.5M
Cap Rate 9%
$2,741,300
$2.7M
Market Conditions
NOI Build-Up for 27,760 SF
Gross rent
$416.4K $15.00/SF
− Vacancy
−$87.4K −$3.15/SF
EGI
$329.0K $11.85/SF
− OpEx
−$82.2K −$2.96/SF
NOI
$246.7K $8.89/SF
Area
Wood County, WI
Vacancy
21.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,934,340
Cap Rate 7%
$3,524,529
Cap Rate 9%
$2,741,300
Alternative Uses
Best Use
Office B
$3.52M
$3.08M – $4.11M
NOI $246,717 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.39M
$4.71M – $6.28M
NOI $376,984 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Explore this area
Business Placement
Demographics for 54494, WI
27,420
Population
13,110
Households
2.1
Avg Household Size
47
Median Age
23%
College-Educated
95%
High-School Grad
125.3 sq mi
ZIP Area
219
Density / Sq Mi
$71,087
Median Household Income
$43,800
Median Earnings
$954
Median Rent
$170,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Office configurations range from individual rooms to combinations suited to larger space requirements.
Where is this office unit located?
The property is located at 2811 8th Street South #2821 8th Street Sout Wisconsin Rapids, WI.
What are key features of this property?
This property features: Office combinations available up to 5,000 square feet (MOL); Located on 8th Street South, also known as State Highway 13; Gross lease includes gas, electricity, sewer, water, and CAM; snow removal is excluded
