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    Versatile Commercial Property in New Auburn Title is generated by Realmo AI

    359 W Elm St, New Auburn, WI 54757

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    Claim this Listing
    For Sale
    $465,000

    Flexible commercial property suited for retail, office, or residential use.

    Property size:
    4,334 SF
    Price / SF:
    $107/SF
    Added:
    May 15, 2026
    Days on Market:
    19
    Last Refresh:
    May 31 at 9:45 pm

    Property Features for 359 W Elm St

    General Information

    Standard status
    Active
    Size
    4,334 SF

    We can help!

    Listing Contact
    Casey Watters
    Casey Watters

    Listing agent Casey Watters License #5254290

    Listing office Real Estate Solutions

    Listing date May 15, 2026

    Source Exprealty

    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 Real Estate Solutions

    HighLights

    • Over 4,000 sq ft of flexible commercial space suitable for various ventures.
    • Prime location with excellent visibility and easy access off U.S. Highway 53 and Main Street.
    • Includes private living quarters with a spacious bedroom, spa‑like bathroom and large kitchen.
    • Potential to live where you work, create rental income, or establish an Airbnb.
    • Features in‑floor heat, forced air, and central air conditioning.
    • Attached heated 1‑car garage with workshop space.

    Overview

    This commercial property, located in New Auburn, offers over 4,000 sq ft of flexible space suitable for various uses, including retail, office space, service businesses, mixed-use opportunities, and short-term rentals. The property benefits from excellent visibility and easy access off U.S. Highway 53 and Main Street, providing convenient access to both Eau Claire and Rice Lake. Currently configured with private living quarters, the property presents the opportunity to live and work on-site, generate rental income, or establish an Airbnb destination, with snowmobile trails located directly in front of the property. The living quarters feature a bedroom with a two-way fireplace shared with a tiled bathroom, complete with a walk-in shower and soaking tub. The space extends into a large kitchen and living area. Additional office or retail spaces are located on both ends of the building, offering room for multiple businesses. The property features in-floor heat, forced air, and central air conditioning. An attached heated one-car garage with workshop space provides additional storage and project space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store Grocery & Convenience Store Food Market Discount Store Grocery & Convenience Store Cafe & Coffee Shop Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Auburn
    County
    Chippewa
    State
    Wisconsin
    Longitude
    -91.565827
    Latitude
    45.20481

    Nearby Similar for Sale

    • $465,000
      4,334 SF

      Versatile Commercial Property in New Auburn

      Commercial property with flexible space suitable for various business ventures.
      359 W Elm Street, New Auburn, WI 54757
      View Details
    • $209,900
      3,000 SF

      Five-Unit Income Property

      Five-unit property in New Auburn, Wisconsin. Investor or owner-occupied opportunity.
      103 N Central Street, New Auburn, WI 54757
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    FAQs

    What type of property is this?
    Mixed-use property - Flexible commercial property suited for retail, office, or residential use.
    Where is this mixed-use property located?
    The property is located at 359 W Elm St New Auburn, WI.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: Over 4,000 sq ft of flexible commercial space suitable for various ventures.; Prime location with excellent visibility and easy access off U.S. Highway 53 and Main Street.; **Includes private living quarters with a spacious bedroom, spa‑like bathroom and large kitchen.**
    (715) 434-7904
    We can help!
    Listing Contact
    Casey Watters
    Casey Watters
    Real Estate License ID: 5254290
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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