Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    631 Hewett St Neillsville, WI 54456

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Multi-use commercial space in downtown Neillsville.

    Property size:
    1,540 SF
    Lot size:
    0.07 Acres

    Property Features for 631 Hewett St

    General Information

    Standard status
    Active
    Zoning
    Commercial
    Size
    1,540 SF
    Lot size
    0.07 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Jake Ormond
    Source: Crexi

    Listing Agency: Nexthome partners Listing Agent: Jake Ormond

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Downtown Neillsville Commercial Space

    Located in downtown Neillsville, this 1540 square foot multi-use commercial space is currently operating as a barber shop. The space includes an entry with waiting area, four private offices, a conference room, two restrooms, and a break room area. A new furnace was installed in 2020, and flooring updates were completed in 2021. Barber shop equipment is negotiable.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Neillsville
    County
    Clark
    State
    Wisconsin
    Longitude
    -90.5962315
    Latitude
    44.5611548

    Nearby Similar for Sale

    • $329,000
      1.19 Acres

      Waterfront Land with Lake Access

      Prime waterfront property with lake access and RV hookups.
      N899 Resewood Ave, Neillsville, WI 54456
      View Details
    • $99,500
      2,200 SF

      Historic Commercial Space For Sale

      Unique commercial property with historic charm and versatile space.
      132 E 4Th St, Neillsville, WI 54456
      View Details
    • $169,900
      1,488 SF

      Downtown Neillsville Commercial Property

      Affordable commercial building in downtown Neillsville, Wisconsin.
      212 W 7Th St, Neillsville, WI 54454
      View Details
    • $49,900
      1,064 SF

      Steel Building in Neillsville, WI

      Durable 1,064 sq ft steel building for versatile use.
      607 Clay St, Neillsville, WI 54456
      View Details
    • $149,900
      0.17 Acres

      Commercial Building with Shop, Office

      Versatile commercial building featuring shop, storage, and office space.
      608 West St, Neillsville, WI 54456
      View Details
    • $74,900
      0.07 Acres

      Downtown Neillsville Commercial Space

      Multi-use commercial space in downtown Neillsville, Wisconsin.
      631 Hewett St, Neillsville, WI 54456
      View Details
    • $69,900
      2,184 SF

      Mixed-Use Property in Neillsville, WI

      Mixed-use property with commercial space and upstairs apartment in Neillsville.
      118 W 6Th St, Neillsville, WI 54456
      View Details
    • $365,000
      4,985 SF

      Prime Commercial Building in Neillsville

      Commercial building on 1.15 acres, ideal for business.
      700 E Division St, Neillsville, WI 54456
      View Details
    • $249,500
      2,450 SF

      Highway 10 Office Building

      Office building on Highway 10 with ample parking.
      7 Tiff Ave, Neillsville, WI 54456
      View Details
    • Contact for pricing
      Pending

      Class A Professional Building

      High-quality, versatile office building in Neillsville's business district.
      501 Hewett St, Neillsville, WI 54456
      View Details
    • $495,000
      4,985 SF

      Prime Neillsville Commercial Building

      Spacious office building, 1.15 acres, great location.
      700 Division St, Neillsville, WI 54456
      View Details
    • Contact for pricing
      2,184 SF

      Mixed-Use Property in Neillsville

      Commercial space with upstairs apartment in a strategic location.
      118 W 6Th St, Neillsville, WI 54456
      View Details

    FAQs

    What type of property is this?
    Retail space - Multi-use commercial space in downtown Neillsville.
    Where is this retail space located?
    The property is located at 631 Hewett St Neillsville, WI.
    What are key features of this property?
    This property features: - Prime downtown Neillsville location.; - Currently operating as a successful barber shop.; - 1540 sq' multi-use commercial space.
    Request Owner's contact information
    631 Hewett St Neillsville, WI 54456
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    631 Hewett St
    Neillsville, WI 54456
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    631 Hewett St Neillsville, WI 54456
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jake Ormond
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!