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    260 Rdg Rd Portage, WI 53901

    For Sale
    $924,940

    1-Story, 6,000 SF Office Building, 100% Occupied

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a 6,000-square-foot, single-story Class C office building located at 260 E Ridge Rd, Portage, WI 53901. Built in 1995 and renovated in 2000, the property sits on a 1.05-acre lot and boasts ample parking with 65 spaces. Currently 100% occupied with a diverse tenancy including various Wisconsin state agencies and some non-state affiliated tenants, the building generates a strong net operating income (NOI) of $93,137, representing a 10.07% capitalization rate. The asking price is $924,940, translating to $154.16 per square foot. Leases are gross, structured with 5-year terms and options, and include escalator clauses. The portfolio's average lease term to maturity (including options) is 26 months, excluding 10 leases currently in the renewal process. This property is well-suited for 1031 exchange investors and offers the option of professional property management. The property's Assessed Property Number (APN) is 11271-3143. This is a rare opportunity to acquire a stable, income-producing asset in a desirable location.

    Property Features for 260 Rdg Rd

    General Information

    Property type
    Government properties
    Square Feet
    6,000 SF
    Class
    C
    Lot Size
    45,738 SF

    Building Details

    Year Built/Renovated
    1995/2000
    Stories
    1

    HighLights

    • Excellent investment opportunity: 6,000 SF Class C office building in Portage, WI, generating a $93,137 NOI and a 10.07% cap rate.
    • Gross leases with 5‑year terms, options, and escalator clauses.
    • Professional property management available.
    • Tenants include diverse mix of Wisconsin state agencies and other businesses.
    • Leases include escalator clauses for future rent growth.
    • 1031 exchange eligible.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Portage
    County
    Columbia
    State
    Wisconsin
    Longitude
    -89.464134
    Latitude
    43.5676083

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    FAQs

    What type of property is this?
    Government property - 1-Story, 6,000 SF Office Building, 100% Occupied
    Where is this government property located?
    The property is located at 260 Rdg Rd Portage, WI.
    What is the asking price?
    The asking price for this property is $924,940.
    What are key features of this property?
    This property features: Excellent investment opportunity: 6,000 SF Class C office building in Portage, WI, generating a $93,137 NOI and a 10.07% cap rate.; Gross leases with 5-year terms, options, and escalator clauses.; Professional property management available.
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    Realmo Value Estimation

    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.

    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.

    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
    260 Rdg Rd Portage, WI 53901
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