Office Building with Five
803 Fairfax St Altoona, WI 54720
803 Fairfax St, Altoona, WI, 54720
$450,000
For Sale
$450,000
Well-maintained office building features a client-facing main level and a fully finished lower level with five private offices.
Property Size2,048 SF
Price / SF$219.73
Days on Market54
Property Features for 803 Fairfax St
General Information
- Standard status
- Active
- Size
- 2,048 SF
Listing agency
Swanson Realty LLC
(715) 379-1048
Listed by
Joel Swanson · License #50204-90
(715) 379-1048
Source
Exprealty
Added: May 31 Updated: Jul 23 at 6:11AM Checked: Jul 23 at 6:11AM
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 Swanson Realty LLC
Investment Insights
Based on property information with market context.
This well-maintained office building offers flexible, professional workspace with a welcoming main level designed for client-facing operations. The fully finished lower level expands the usable footprint and includes five private offices.
Set on a generous lot, the property provides convenient access and ample parking. Public remarks also note visibility and easy accessibility to surrounding destinations within minutes.
The overall layout supports multiple office configurations, making the space suitable for owner-occupancy or investment use, depending on your plans.
Set on a generous lot, the property provides convenient access and ample parking. Public remarks also note visibility and easy accessibility to surrounding destinations within minutes.
The overall layout supports multiple office configurations, making the space suitable for owner-occupancy or investment use, depending on your plans.
Key Highlights
- Well‑maintained office building with a client‑facing main level layout for professional use
- Fully finished lower level with five private offices for additional workspace or multi‑tenant setup
- Efficient interior layout supports owner‑occupancy and/or investment with multiple office configurations
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 | $49.2k | $24.00 |
| − Vacancy | −$11.1k | −$5.42 |
| EGI | $38.0k | $18.58 |
| − OpEx | −$9.5k | −$4.64 |
| NOI | $28.5k | $13.93 |
2,048 SF · lease $24.00/SF/yr · vacancy 22.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$407.6K
$356.7K – $475.6K
NOI $28,533 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$2.31M
$2.02M – $2.70M
NOI $161,796 @ 7.0% cap · market cap 35.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Brent Blaeser American ...
Insurance Agency
Edward Jones - Financial ...
Financial Advisor
Brent Blaeser Agency, ...
Insurance Agency
FAQs
What type of property is this?
Office building - Well-maintained office building features a client-facing main level and a fully finished lower level with five private offices.
Where is this office building located?
The property is located at 803 Fairfax St Altoona, WI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Well‑maintained office building with a client‑facing main level layout for professional use; Fully finished lower level with five private offices for additional workspace or multi‑tenant setup; Efficient interior layout supports owner‑occupancy and/or investment with multiple office configurations
