Absolute NNN Medical
For Sale
Contact for pricing
Pending
840 Bear Paw Avenue, Rice Lake, WI 54868
Purpose-built healthcare facility completed in 2018 with a long-term lease and renewal options.
Property Size7,130 SF
Days on Market92
Property Features for 840 Bear Paw Avenue
General Information
Standard status
Pending
Size
7,130 SF
Class
C
Total Parking Spaces
45
Property subtype
Office
Additional Details
Cap Rate
7%
Building Details
Year Built
2018
Buildings
1
Stories
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
Ultra Commercial Realty
Listed By:
Amber Cernohous · License #60261 - 90
Source:
Crexi
Added: Jul 31
Changed: Oct 25
Last Checked: Oct 28 at 5:33AM
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 Ultra Commercial Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,130-square-foot medical office property at 840 Bear Paw Avenue in Rice Lake, Wisconsin, was completed in 2018 as a purpose-built healthcare facility. The property is occupied by medical providers and is configured as a single-tenant asset under an absolute NNN lease.
The current lease runs through May 31, 2031, and includes two additional five-year renewal options. The lease structure assigns responsibility for taxes, insurance, maintenance, and capital expenditures to the tenant. The property is offered at a 7.00% capitalization rate and provides a modern medical-use building with defined lease terms and an established healthcare occupancy.
The current lease runs through May 31, 2031, and includes two additional five-year renewal options. The lease structure assigns responsibility for taxes, insurance, maintenance, and capital expenditures to the tenant. The property is offered at a 7.00% capitalization rate and provides a modern medical-use building with defined lease terms and an established healthcare occupancy.
Key Highlights
- 7,130 SF medical office property completed in 2018
- Absolute NNN lease structure
- Lease term extends through May 31, 2031
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,577
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,471,540
$1.5M
Cap Rate 7%
$1,051,100
$1.1M
Cap Rate 9%
$817,522
$817.5K
Market Conditions
NOI Build-Up for 7,130 SF
Gross rent
$125.8K $17.64/SF
− Vacancy
−$27.7K −$3.88/SF
EGI
$98.1K $13.76/SF
− OpEx
−$24.5K −$3.44/SF
NOI
$73.6K $10.32/SF
Area
Barron County, WI
Vacancy
22.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,471,540
Cap Rate 7%
$1,051,100
Cap Rate 9%
$817,522
Alternative Uses
Best Use
Office B
$1.05M
$919.7K – $1.23M
NOI $73,577 @ 7.0% cap · market cap 4.09%
Second Best
Healthcare Medical
$1.01M
$885.6K – $1.18M
NOI $70,844 @ 7.0% cap · market cap 3.94%
Theoretical Best
Warehouse
$5.73M
$5.01M – $6.68M
NOI $401,013 @ 7.0% cap · market cap 22.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54868, WI
15,785
Population
7,640
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
94%
High-School Grad
212.0 sq mi
ZIP Area
74
Density / Sq Mi
$64,567
Median Household Income
$40,474
Median Earnings
$850
Median Rent
$199,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built healthcare facility completed in 2018 with a long-term lease and renewal options.
Where is this medical office space located?
The property is located at 840 Bear Paw Avenue Rice Lake, WI.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 7,130 SF medical office property completed in 2018; Absolute NNN lease structure; Lease term extends through May 31, 2031
