Mixed-Use Property with Four
5720 WINDY DRIVE, Stevens Point, WI 54482
For Sale
New
$1,400,000
Commercial-zoned space in the Highway 10 corridor combines restaurant and medical occupancy with one vacant suite.
Property Size12,000 SF
Price / SF$116.67
Days on Market4
Property Features for 5720 WINDY DRIVE
General Information
Standard status
Size
Property subtype
Zoning
Net Operating Income
Financials
Cap Rate
Gross Income
Additional Details
Highway Access
Tenant in Place
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listed By:
Stevens Point Realty Inc.
(715) 544-0419
Source:
Stevenspointre.idxbroker
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 6 at 5:17AM
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 Stevens Point Realty Inc.
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Investment Insights
Based on property information with market context.
Built in 2003, this 12,000-square-foot mixed-use condominium unit contains four suites. Current and prior suite uses include restaurants and medical services, and the property carries Commercial zoning. Three suites are occupied, with multiple years remaining on their respective lease agreements; the fourth suite is vacant.
The property is Unit 2 of 10 East Condominium in the City of Stevens Point’s Highway 10 corridor. Its condominium association responsibilities include 28.57% of parking lot maintenance and landscape services. Based on the stated projected rent assumptions, the property has a 7.8% cap rate and a 1.13 DSCR.
The property is Unit 2 of 10 East Condominium in the City of Stevens Point’s Highway 10 corridor. Its condominium association responsibilities include 28.57% of parking lot maintenance and landscape services. Based on the stated projected rent assumptions, the property has a 7.8% cap rate and a 1.13 DSCR.
Key Highlights
- 12,000‑square‑foot building with four suites
- Three suites have tenants, with multiple years remaining on their leases
- One suite is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,700
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,394,000
$2.4M
Cap Rate 7%
$1,710,000
$1.7M
Cap Rate 9%
$1,330,000
$1.3M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$180.0K $15.00/SF
− Vacancy
−$9.0K −$0.75/SF
EGI
$171.0K $14.25/SF
− OpEx
−$51.3K −$4.27/SF
NOI
$119.7K $9.98/SF
Area
Portage County, WI
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,394,000
Cap Rate 7%
$1,710,000
Cap Rate 9%
$1,330,000
Alternative Uses
Best Use
Specialty Retail
$2.34M
$2.04M – $2.72M
NOI $163,473 @ 7.0% cap · market cap 11.68%
Second Best
Mixed Use
$2.13M
$1.86M – $2.48M
NOI $149,040 @ 7.0% cap · market cap 10.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Explore this area
Business Placement
Demographics for 54482, WI
9,108
Population
3,983
Households
2.3
Avg Household Size
46
Median Age
31%
College-Educated
96%
High-School Grad
91.0 sq mi
ZIP Area
100
Density / Sq Mi
$94,919
Median Household Income
$51,667
Median Earnings
$994
Median Rent
$265,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial-zoned space in the Highway 10 corridor combines restaurant and medical occupancy with one vacant suite.
Where is this mixed-use property located?
The property is located at 5720 WINDY DRIVE Stevens Point, WI.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 12,000‑square‑foot building with four suites; Three suites have tenants, with multiple years remaining on their leases; One suite is vacant
