Multi-Use Retail Building with
For Sale
Contact for pricing
6215 Volkman St, Schofield, WI 54476
Vacant 2,560 SF building with half bath and fenced backyard suited for retail or service uses.
Property Size2,560 SF
Price / SF$162.11
Days on Market160
Property Features for 6215 Volkman St
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Retail
Building Details
Year Built
2007
Stories
1
Listing Agency:
Smart Move Realty, LLC
Listed By:
Lilli Ann Walder · License #WI
Source:
Crexi
Added: Mar 30
Changed: Aug 22
Last Checked: Sep 4 at 4:04PM
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 Smart Move Realty, LLC
Investment Insights
Based on property information with market context.
This vacant building offers 2,560 square feet of flexible indoor space along with a half bath and a fenced-in backyard. The layout can support a variety of commercial uses consistent with its retail and service orientation, and the property is presented as easy to show.
The seller describes the building as suitable for multiple commercial needs, with examples including doggy day care, shoe repair, and spa-related use. The property may also be considered for a land contract and/or leasing, subject to details provided by the seller.
Located at 6215 Volkman St in Schofield, WI 54476, the building is positioned for businesses that can benefit from both interior space and an outdoor fenced area.
The seller describes the building as suitable for multiple commercial needs, with examples including doggy day care, shoe repair, and spa-related use. The property may also be considered for a land contract and/or leasing, subject to details provided by the seller.
Located at 6215 Volkman St in Schofield, WI 54476, the building is positioned for businesses that can benefit from both interior space and an outdoor fenced area.
Key Highlights
- Vacant 2,560 SF commercial building built in 2007
- Half bath included
- Fenced‑in backyard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,751
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$515,020
$515.0K
Cap Rate 7%
$367,871
$367.9K
Cap Rate 9%
$286,122
$286.1K
Market Conditions
NOI Build-Up for 2,560 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.4K $15.00/SF
− Vacancy
−$1.6K −$0.63/SF
EGI
$36.8K $14.37/SF
− OpEx
−$11.0K −$4.31/SF
NOI
$25.8K $10.06/SF
Area
Marathon County, WI
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$515,020
Cap Rate 7%
$367,871
Cap Rate 9%
$286,122
Alternative Uses
Best Use
Retail
$367.9K
$321.9K – $429.2K
NOI $25,751 @ 7.0% cap · market cap 6.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$473.0K
$413.9K – $551.8K
NOI $33,108 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Comfort Inn
Hotels & Casinos
2,750 visits/mo
0.5 miles
Demographics for 54476, WI
19,668
Population
8,574
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
94%
High-School Grad
42.0 sq mi
ZIP Area
468
Density / Sq Mi
$76,132
Median Household Income
$43,962
Median Earnings
$972
Median Rent
$211,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Vacant 2,560 SF building with half bath and fenced backyard suited for retail or service uses.
Where is this retail space located?
The property is located at 6215 Volkman St Schofield, WI.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Vacant 2,560 SF commercial building built in 2007; Half bath included; Fenced‑in backyard
