Visible Multi-Tenant Office
For Sale
Contact for pricing
3205 Terrace Court, Wausau, WI 54401
South and east visibility supports strong storefront-style signage for an owner-operator or multi-tenant office use.
Property Size6,180 SF
Price / SF$123.79
Days on Market59
Property Features for 3205 Terrace Court
General Information
Standard status
Active
Size
6,180 SF
Property subtype
Office, Mixed Use, Special Purpose
Building Details
Year Built
1980
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX Excel
(715) 218-0692
Listed By:
Lisa Bergmann · License #66538
Source:
Crexi
Added: Jun 9
Changed: Jul 10
Last Checked: Aug 4 at 11:40AM
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 RE/MAX Excel
Investment Insights
Based on property information with market context.
This multi-tenant office building includes a first-floor tenant and a second-floor suite that is separately metered for utilities. The property has south- and east-facing sides that are designed for visibility and signage, and the south-facing windows provide a view of Rib Mountain ski area that an executive office could use.
The building’s south and east exposures offer prominent visibility from Stewart Ave and Hwy 29. The second-floor tenant has purchased a larger industrial building and is scheduled to vacate in early fall 2026, creating flexibility to lease the vacancy, deliver the building with the second floor vacant, or deliver it fully vacant if desired.
Current sellers pay all utilities, with gas/electric through WPSC and sewer/water through Wausau Water Works. They do not currently pass on any common area maintenance charges to tenants. With the second floor separately metered, a future tenant could assume utility expenses based on the negotiated terms, while an owner-operator may prefer maintaining the building as multi-tenant with the existing first-floor occupants.
The building’s south and east exposures offer prominent visibility from Stewart Ave and Hwy 29. The second-floor tenant has purchased a larger industrial building and is scheduled to vacate in early fall 2026, creating flexibility to lease the vacancy, deliver the building with the second floor vacant, or deliver it fully vacant if desired.
Current sellers pay all utilities, with gas/electric through WPSC and sewer/water through Wausau Water Works. They do not currently pass on any common area maintenance charges to tenants. With the second floor separately metered, a future tenant could assume utility expenses based on the negotiated terms, while an owner-operator may prefer maintaining the building as multi-tenant with the existing first-floor occupants.
Key Highlights
- Year built: 1980.
- South and east‑facing sides are highly visible from Stewart Ave and Hwy 29 for storefront‑style signage.
- South‑facing windows offer a view of the Rib Mountain ski area.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.3k | $17.04 |
| − Vacancy | −$23.2k | −$3.75 |
| EGI | $82.1k | $13.29 |
| − OpEx | −$20.5k | −$3.32 |
| NOI | $61.6k | $9.97 |
6,180 SF · lease $17.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$880.1K
$770.1K – $1.03M
NOI $61,605 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.14M
$999.1K – $1.33M
NOI $79,926 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - South and east visibility supports strong storefront-style signage for an owner-operator or multi-tenant office use.
Where is this office units located?
The property is located at 3205 Terrace Court Wausau, WI.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Year built: 1980.; South and east‑facing sides are highly visible from Stewart Ave and Hwy 29 for storefront‑style signage.; South‑facing windows offer a view of the Rib Mountain ski area.
