Warehouse with Multiple Overhead
For Sale
$599,900
5885 HWY 8, Rhinelander, WI 54501
CommercialSale, Rhinelander, WI
Property Size5,760 SF
Lot Size2.36 Acres
Price / SF$104.15
Days on Market12
Property Features for 5885 HWY 8
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Paved or Surfaced
Exterior features
Storage
Lot features
Level, Open Space
Directions
From Rhinelander take USH 8 west to left at 5885 USH 8.
Standard status
Active
APN
00401-0147-0004
Lot size
2.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT G L 4 & POSS PT SE NE; NE SE & NW SE E190' S OF HWY 8 EXC V1023-358 SEE TOD/DOC 747496 2.36CA/-SA SM L3
Tax Annual Amount
1706
Legal Description
PT G L 4 & POSS PT SE NE; NE SE & NW SE E190' S OF HWY 8 EXC V1023-358 SEE TOD/DOC 747496 2.36CA/-SA SM L3
Utilities
Heating system
Space Heater, Forced Air, Natural Gas
Water source
Well
Building Details
Year built
1972
Flooring type
Concrete, Carpet
Building materials
MetalSiding, Steel
Roof type
Metal
Additional Structures
Storage
Listing Agency:
FLANDERS REALTY GROUP
(715) 420-1100
Listed By:
JOE FLANDERS · License #52852 - 90
(715) 771-9887
Added: Oct 13
Changed: Oct 23
Last Checked: Oct 24 at 3:06AM
MLS# 220139
Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,760-square-foot warehouse, built in 1972, sits on a 2.36-acre parcel. The building has two 16-foot overhead doors and one 14-foot overhead door, along with an 18-by-20-foot office with a half bath and a loft for storage. Concrete and carpet flooring, metal siding, a metal roof, and space heaters with forced-air natural gas heating are present.
The property fronts Highway 8, about two minutes from Rhinelander. It has paved parking, a well water source, and general-use zoning.
The property fronts Highway 8, about two minutes from Rhinelander. It has paved parking, a well water source, and general-use zoning.
Key Highlights
- 5,760‑square‑foot warehouse on 2.36 acres
- Two 16‑foot overhead doors and one 14‑foot overhead door
- 18‑by‑20‑foot office with a half bath and a storage loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,986
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,720
$419.7K
Cap Rate 7%
$299,800
$299.8K
Cap Rate 9%
$233,178
$233.2K
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$26.3K $4.56/SF
− Vacancy
−$1.6K −$0.27/SF
EGI
$24.7K $4.29/SF
− OpEx
−$3.7K −$0.64/SF
NOI
$21.0K $3.64/SF
Area
Oneida County, WI
Vacancy
6.00%
Lease Rate
$4.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,720
Cap Rate 7%
$299,800
Cap Rate 9%
$233,178
Alternative Uses
Best Use
Warehouse
$299.8K
$262.3K – $349.8K
NOI $20,986 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$2.70M
$2.36M – $3.15M
NOI $188,716 @ 7.0% cap · market cap 31.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 54501, WI
20,591
Population
12,754
Households
1.6
Avg Household Size
48
Median Age
26%
College-Educated
96%
High-School Grad
366.3 sq mi
ZIP Area
56
Density / Sq Mi
$68,602
Median Household Income
$37,578
Median Earnings
$831
Median Rent
$194,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- APM Rhinelander Storage Riverfront Location — 3311 WI-17, Rhinelander, WI 54501
Frequently Asked Questions
What type of property is this?
Warehouse - A dedicated office, storage loft, and paved parking support day-to-day warehouse operations.
Where is this warehouse located?
The property is located at 5885 HWY 8 Rhinelander, WI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 5,760‑square‑foot warehouse on 2.36 acres; Two 16‑foot overhead doors and one 14‑foot overhead door; 18‑by‑20‑foot office with a half bath and a storage loft
