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    Portage Office Building For Sale Title is generated by Realmo AI

    260 E Ridge Rd Portage WI, Portage, WI 53901

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    6,000 square foot office building in Portage, Wisconsin.

    Type:Office
    Property size:
    6,000 SF
    Price / SF:
    $133/SF
    Added:
    Jul 23, 2020
    Days on Market:
    2176
    Last Refresh:
    Jun 28 at 1:33 am

    Property Features for 260 E Ridge Rd Portage WI

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1995

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    T.J. Morice, SIOR
    T.J. Morice, SIOR

    Listing office NAI Pfefferle

    Listing date Jul 23, 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

    • State leased facility
    • Year Built: 1995

    Overview

    This 6,000 square foot office building is available for sale. The facility is currently leased by the state.

    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 $120.2k $20.04
    − Vacancy −$25.3k −$4.21
    EGI $95.0k $15.83
    − OpEx −$23.7k −$3.96
    NOI $71.2k $11.87
    6,000 SF · lease $20.04/SF/yr · vacancy 21.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.02M
    $890.5K – $1.19M (±1% cap)
    NOI $71,242 @ 7.0% cap · market cap 8.91%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.35M
    $1.18M – $1.57M (±1% cap)
    NOI $94,357 @ 7.0% cap · market cap 11.80%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Portage
    County
    Columbia
    State
    Wisconsin
    Longitude
    -89.4754
    Latitude
    43.5939

    FAQs

    What type of property is this?
    Office building - 6,000 square foot office building in Portage, Wisconsin.
    Where is this office building located?
    The property is located at 260 E Ridge Rd Portage WI Portage, WI.
    What is the asking price?
    The asking price for this property is $799,775.
    What are key features of this property?
    This property features: State leased facility; Year Built: 1995
    More about this property
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