Flex Property with Cold
For Sale
$1,950,000
3412 Schofield Avenue, Weston, WI 54476
Three-building commercial property combines office, showroom, shop, and temperature-controlled space.
Property Size7,998 SF
Days on Market138
Property Features for 3412 Schofield Avenue
General Information
Standard status
Active
Size
7,998 SF
Property subtype
Commercial
Warehouse & Industrial
Office Build-Out
2,756 SF
Cold Storage
Yes
Cold Storage Area
1,980 SF
Building Details
Building Size
7,998 SF
Buildings
3
Listing Agency:
Nai Pfefferle
(715) 218-2900
Listed By:
Anthony Morice
(715) 218-2900
Source:
Northwoodswi
Added: Apr 14
Changed: Aug 28
Last Checked: Aug 29 at 10:22AM
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 Nai Pfefferle
Investment Insights
Based on property information with market context.
This flex property at 3412 Schofield Avenue in Weston, Wisconsin, includes three separate commercial buildings totaling 7,998 SF. The configuration combines office and showroom space with a shop and dedicated cold storage, offering a varied physical layout within one commercial-zoned property.
Building A contains 2,756 SF of office/showroom area, while Building B provides 3,262 SF for shop and commercial functions. Building C adds 1,980 SF of cold storage. Constructed in 1988, the property occupies a corner location on Schofield Avenue with a reported traffic count of almost 14,000 cars per day.
Building A contains 2,756 SF of office/showroom area, while Building B provides 3,262 SF for shop and commercial functions. Building C adds 1,980 SF of cold storage. Constructed in 1988, the property occupies a corner location on Schofield Avenue with a reported traffic count of almost 14,000 cars per day.
Key Highlights
- Three‑building flex property totals 7,998 SF
- Building A includes 2,756 SF of office/showroom space
- Building B provides 3,262 SF of shop/commercial area
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
$79,727
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
4.09%
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%
$1,594,540
$1.6M
Cap Rate 7%
$1,138,957
$1.1M
Cap Rate 9%
$885,856
$885.9K
Market Conditions
NOI Build-Up for 7,998 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
$136.3K $17.04/SF
− Vacancy
−$30.0K −$3.75/SF
EGI
$106.3K $13.29/SF
− OpEx
−$26.6K −$3.32/SF
NOI
$79.7K $9.97/SF
Area
Marathon County, WI
Vacancy
22.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,594,540
Cap Rate 7%
$1,138,957
Cap Rate 9%
$885,856
Alternative Uses
Best Use
Office B
$1.14M
$996.6K – $1.33M
NOI $79,727 @ 7.0% cap · market cap 4.09%
Second Best
Flex RnD
$996.7K
$872.1K – $1.16M
NOI $69,771 @ 7.0% cap · market cap 3.58%
Theoretical Best
Specialty Retail
$1.48M
$1.29M – $1.72M
NOI $103,438 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54476, WI
19,668
Population
8,574
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
94%
High-School Grad
42.0 sq mi
ZIP Area
468
Density / Sq Mi
$76,132
Median Household Income
$43,962
Median Earnings
$972
Median Rent
$211,300
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?
Flex space - Three-building commercial property combines office, showroom, shop, and temperature-controlled space.
Where is this flex space located?
The property is located at 3412 Schofield Avenue Weston, WI.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Three‑building flex property totals 7,998 SF; Building A includes 2,756 SF of office/showroom space; Building B provides 3,262 SF of shop/commercial area
