Renovated Flex
3308 Church Street, Stevens Point, WI 54481
For Sale
New
Contact for pricing
An open, heated work area is complemented by a half bathroom.
Property Size1,910 SF
Price / SF$0.78
Days on Market4
Property Features for 3308 Church Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Clear Height
Property Use
Building Details
Building Size
Year Built
Listing Agency:
First Weber
(715) 341-6688
Listed By:
Peter Harris · License #3830390
(715) 498-6688
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 2:58PM
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
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Investment Insights
Based on property information with market context.
This 1,910-square-foot flex space in Stevens Point has been renovated and includes an open heated shop area and a half bathroom. The building dates to 1946 and is zoned Commercial.
Key Highlights
- 1,910 square feet of flex space
- Open heated shop area with a half bathroom
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,215
Suggested Prices Based on Cap Rates
Cap Rate 5%
$104,300
$104.3K
Cap Rate 7%
$74,500
$74.5K
Cap Rate 9%
$57,944
$57.9K
Market Conditions
NOI Build-Up for 1,910 SF
Gross rent
$7.9K $4.11/SF
− Vacancy
−$400 −$0.21/SF
EGI
$7.4K $3.90/SF
− OpEx
−$2.2K −$1.17/SF
NOI
$5.2K $2.73/SF
Area
Portage County, WI
Vacancy
5.10%
Lease Rate
$4.11 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$104,300
Cap Rate 7%
$74,500
Cap Rate 9%
$57,944
Alternative Uses
Best Use
Flex RnD
$247.4K
$216.5K – $288.7K
NOI $17,319 @ 7.0% cap · market cap 1,158.46%
Second Best
Industrial
$74.5K
$65.2K – $86.9K
NOI $5,215 @ 7.0% cap · market cap 348.83%
Theoretical Best
Specialty Retail
$371.7K
$325.2K – $433.7K
NOI $26,019 @ 7.0% cap · market cap 1,740.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
12 ft
Clear height
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54481, WI
28,100
Population
12,697
Households
2.2
Avg Household Size
32
Median Age
38%
College-Educated
96%
High-School Grad
65.6 sq mi
ZIP Area
428
Density / Sq Mi
$57,234
Median Household Income
$29,506
Median Earnings
$853
Median Rent
$191,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - An open, heated work area is complemented by a half bathroom.
Where is this flex space located?
The property is located at 3308 Church Street Stevens Point, WI.
What are key features of this property?
This property features: 1,910 square feet of flex space; Open heated shop area with a half bathroom; Commercial zoning
