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    Wausau Office Building For Sale Title is generated by Realmo AI

    7100 Stewart Ave, Wausau, WI 54401

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    Office building for sale in Wausau, Wisconsin.

    Type:Office
    Property size:
    13,000 SF
    Price / SF:
    $188/SF
    Added:
    Aug 31, 2020
    Days on Market:
    2112
    Last Refresh:
    May 19 at 8:55 pm

    Property Features for 7100 Stewart Ave

    General Information

    Standard status
    Active
    Size
    13,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1991

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    Listing Contact
    T.J. Morice, SIOR

    Listing agent T.J. Morice, SIOR License #WI 89917-94

    Listing office NAI Pfefferle

    Listing date Aug 31, 2020

    Source Crexi

    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 NAI Pfefferle

    HighLights

    • Office building for sale
    • Built in 1991

    Overview

    This commercial real estate offering features an office building available for sale. The property encompasses a total area of 13000 square feet and is located in Wausau, Wisconsin.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $221.5k $17.04
    − Vacancy −$48.7k −$3.75
    EGI $172.8k $13.29
    − OpEx −$43.2k −$3.32
    NOI $129.6k $9.97
    13,000 SF · lease $17.04/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.85M
    $1.62M – $2.16M (±1% cap)
    NOI $129,589 @ 7.0% cap · market cap 5.29%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $2.40M
    $2.10M – $2.80M (±1% cap)
    NOI $168,129 @ 7.0% cap · market cap 6.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Crime Laboratory State Government Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Hair Salon Auto Repair Shop Nail Salon Big Box & Wholesale Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wausau
    County
    Marathon
    State
    Wisconsin
    Longitude
    -89.724779
    Latitude
    44.957058

    FAQs

    What type of property is this?
    Office building - Office building for sale in Wausau, Wisconsin.
    Where is this office building located?
    The property is located at 7100 Stewart Ave Wausau, WI.
    What is the asking price?
    The asking price for this property is $2,447,798.
    What are key features of this property?
    This property features: Office building for sale; Built in 1991
    More about this property
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