Flex Space with Office
800 Scott Street #Office/Flex, Wausau, WI 54403
For Sale
New
Contact for pricing
The property offers configurable office areas and parking for visitors near the front entrance.
Property Size15,000 SF
Price / SF$0.01
Days on Market3
Property Features for 800 Scott Street #Office/Flex
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Property Use
Amenities
Smoke Alarm
Building Details
Building Size
Year Built
Listing Agency:
Nai Pfefferle
(715) 261-2922
Listed By:
Anthony Morice · License WI #8991794
(715) 218-2900
Source:
Howardandwilliams
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 11 at 5:29PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 15,000-square-foot office and flex area occupies the building’s south end and can be divided into smaller spaces. Individual offices are available from 400 square feet. The building dates to 1970.
Visitor parking is positioned near the front entrance, with space for approximately 18 vehicles. Additional staff parking is located behind the building.
Visitor parking is positioned near the front entrance, with space for approximately 18 vehicles. Additional staff parking is located behind the building.
Key Highlights
- 15,000 SF office/flex area at the building’s south end
- Divisible configuration with individual office spaces as small as 400 SF
- Front parking accommodates up to approximately 18 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,817
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,996,340
$2.0M
Cap Rate 7%
$1,425,957
$1.4M
Cap Rate 9%
$1,109,078
$1.1M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$153.0K $10.20/SF
− Vacancy
−$10.4K −$0.69/SF
EGI
$142.6K $9.51/SF
− OpEx
−$42.8K −$2.85/SF
NOI
$99.8K $6.65/SF
Area
Marathon County, WI
Vacancy
6.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,996,340
Cap Rate 7%
$1,425,957
Cap Rate 9%
$1,109,078
Alternative Uses
Best Use
Office B
$2.14M
$1.87M – $2.49M
NOI $149,526 @ 7.0% cap
Second Best
Flex RnD
$1.87M
$1.64M – $2.18M
NOI $130,853 @ 7.0% cap
Theoretical Best
Specialty Retail
$2.77M
$2.42M – $3.23M
NOI $193,995 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,176
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54403, WI
24,712
Population
11,171
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
95%
High-School Grad
133.6 sq mi
ZIP Area
185
Density / Sq Mi
$66,040
Median Household Income
$41,670
Median Earnings
$942
Median Rent
$179,400
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Cafe 529 — 529 N 3rd Street, Wausau, WI 54403
Frequently Asked Questions
What type of property is this?
Flex space - The property offers configurable office areas and parking for visitors near the front entrance.
Where is this flex space located?
The property is located at 800 Scott Street #Office/Flex Wausau, WI.
What are key features of this property?
This property features: 15,000 SF office/flex area at the building’s south end; Divisible configuration with individual office spaces as small as 400 SF; Front parking accommodates up to approximately 18 vehicles
