New Flex Commercial
For Sale
$309,900
421 N Star Rd, Holmen, WI 54636
N, Holmen, WI
Property Size1,650 SF
Lot Size0.14 Acres
Price / SF$187.82
Days on Market257
Property Features for 421 N Star Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
Commercial
Directions
Heading North on Hwy 35, take a left on Commerce St and a right on North Star Rd
Standard status
Active
APN
014000090007
Size
1,650 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1848
Building Details
Year built
2026
Architectural style
Other
Listing Agency:
Gerrard-Hoeschler, REALTORS
(608) 781-7355
Listed By:
Hunter Clark · License #96416-94
(608) 781-7629
Added: Jan 22
Changed: Sep 30
Last Checked: Oct 6 at 5:06AM
MLS# 1948088
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1650-square-foot flex space is a commercial condominium under construction with a projected 2026 build year. The unit features an open interior, in-unit heat, and a bathroom. Its flexible configuration is identified for office, retail, or professional use, with Commercial zoning supporting the property’s business-oriented format.
Located at 421 N Star Rd in Holmen, Wisconsin, the property includes road frontage and easy access as stated site features. The address is within La Crosse County and carries the 54636 postal code.
Located at 421 N Star Rd in Holmen, Wisconsin, the property includes road frontage and easy access as stated site features. The address is within La Crosse County and carries the 54636 postal code.
Key Highlights
- 1650 square feet of commercial flex space
- 0.14‑acre property
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,151
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,020
$383.0K
Cap Rate 7%
$273,586
$273.6K
Cap Rate 9%
$212,789
$212.8K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$31.7K $19.20/SF
− Vacancy
−$2.2K −$1.34/SF
EGI
$29.5K $17.86/SF
− OpEx
−$10.3K −$6.25/SF
NOI
$19.2K $11.61/SF
Area
La Crosse County, WI
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,020
Cap Rate 7%
$273,586
Cap Rate 9%
$212,789
Alternative Uses
Best Use
Flex RnD
$273.6K
$239.4K – $319.2K
NOI $19,151 @ 7.0% cap · market cap 6.18%
Second Best
Industrial
$145.8K
$127.6K – $170.1K
NOI $10,205 @ 7.0% cap · market cap 3.29%
Theoretical Best
Specialty Retail
$360.9K
$315.8K – $421.0K
NOI $25,260 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54636, WI
16,338
Population
6,517
Households
2.5
Avg Household Size
39
Median Age
35%
College-Educated
97%
High-School Grad
83.0 sq mi
ZIP Area
197
Density / Sq Mi
$91,156
Median Household Income
$47,699
Median Earnings
$1,145
Median Rent
$290,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Open commercial layout with in-unit heat and a bathroom.
Where is this flex space located?
The property is located at 421 N Star Rd Holmen, WI.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: 1650 square feet of commercial flex space; 0.14‑acre property; Commercial zoning
