Flex Space with Five Overhead
For Sale
Contact for pricing
3601 Patch Street, Stevens Point, WI 54481
Four divided shop areas are paired with offices, a reception area, a breakroom, and two restrooms.
Property Size8,084 SF
Price / SF$0.68
Days on Market14
Property Features for 3601 Patch Street
General Information
Standard status
Active
Size
8,084 SF
Warehouse & Industrial
Power
200 amps
Voltage
240 V
Three-Phase Power
Yes
Additional Details
Utilities to Site
Yes
Listing Agency:
NEXTHOME PRIORITY
(715) 997-9600
Listed By:
JUSTIN LEICK · License #89232-94
(715) 897-1306
Source:
Exprealty
Added: Oct 9
Changed: Oct 21
Last Checked: Oct 21 at 2:18AM
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 NEXTHOME PRIORITY
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Investment Insights
Based on property information with market context.
This 8,084-square-foot flex property combines four separate shop areas with two offices, a main reception and showroom area, a breakroom, and two restrooms. Five overhead doors serve the shop: four measure 12 feet high by 10 feet wide, and one measures 14 feet high by 12 feet wide. An exterior loading dock provides an additional loading feature. The shop floor has drains and a thickness of 5 to 8 inches.
Building services include natural gas and 3-phase, 200-amp, 240-volt power. The property is located at 3601 Patch Street in Stevens Point, Wisconsin.
Building services include natural gas and 3-phase, 200-amp, 240-volt power. The property is located at 3601 Patch Street in Stevens Point, Wisconsin.
Key Highlights
- 8,084 square feet of flex space
- Five overhead doors: four at 12' high by 10' wide and one at 14' high by 12' wide
- Exterior loading dock and four separate shop areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,072
Suggested Prices Based on Cap Rates
Cap Rate 5%
$441,440
$441.4K
Cap Rate 7%
$315,314
$315.3K
Cap Rate 9%
$245,244
$245.2K
Market Conditions
NOI Build-Up for 8,084 SF
Gross rent
$33.2K $4.11/SF
− Vacancy
−$1.7K −$0.21/SF
EGI
$31.5K $3.90/SF
− OpEx
−$9.5K −$1.17/SF
NOI
$22.1K $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%
$441,440
Cap Rate 7%
$315,314
Cap Rate 9%
$245,244
Alternative Uses
Best Use
Retail
$1.15M
$1.01M – $1.34M
NOI $80,638 @ 7.0% cap · market cap 1,466.15%
Second Best
Flex RnD
$1.05M
$916.3K – $1.22M
NOI $73,302 @ 7.0% cap · market cap 1,332.76%
Theoretical Best
Specialty Retail
$1.57M
$1.38M – $1.84M
NOI $110,126 @ 7.0% cap · market cap 2,002.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
149
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 - Four divided shop areas are paired with offices, a reception area, a breakroom, and two restrooms.
Where is this flex space located?
The property is located at 3601 Patch Street Stevens Point, WI.
What are key features of this property?
This property features: 8,084 square feet of flex space; Five overhead doors: four at 12' high by 10' wide and one at 14' high by 12' wide; Exterior loading dock and four separate shop areas
