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    Wisconsin Rapids Retail Center Space Title is generated by Realmo AI

    2501 8th St S, Wisconsin Rapids, WI 54494

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    Retail and office spaces available in Wisconsin Rapids, Wisconsin.

    Type:Retail, Office
    Property size:
    52,000 SF
    Added:
    Nov 30, 2023
    Days on Market:
    913
    Last Refresh:
    May 12 at 8:17 pm

    Property Features for 2501 8th St S

    General Information

    Standard status
    Active
    Size
    52,000 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1954

    Spaces For Lease

    at 2501 8th St S Contact us

    2501 8th Street S $14/Mo

    Size
    1,260 SF
    Type
    Retail
    former Hair Experts on the hard corner
    Contact us

    834 Huntington $14/Mo

    Size
    814 SF
    Type
    Retail, Office
    former dance/yoga studio in good condition
    Contact us

    2511 8th St S $14/Mo

    Size
    2,208 SF
    Type
    Retail, Office
    Contact us

    840 Huntington $14/Mo

    Size
    3,285 SF
    Type
    Retail, Office
    Contact us

    2551 8th St S (END-CAP) $14/Mo

    Size
    3,300 SF
    Type
    Retail, Office
    Contact us

    2507 8th St S (Interior) $14/Mo

    Size
    992 SF
    Type
    Retail, Office
    interior office suite
    Contact us

    2521 8th St S (GYM) $14/Mo

    Size
    7,593 SF
    Type
    Retail
    former Anytime Fitness gym
    Contact us

    2505 8th St S (Interior) $14/Mo

    Size
    598 SF
    Type
    Retail, Office
    Contact us

    2515-2517 8th St S (Interior) $14/Mo

    Size
    1,200 SF
    Type
    Retail, Office
    former financial office
    Contact us

    914 Huntington -- End-cap $4/Mo

    Size
    10,120 SF
    Type
    Retail, Office
    Contact us

    2503 8th St S (Interior) $14/Mo

    Size
    638 SF
    Type
    Retail, Office
    interior suite accessed via common hallway
    Contact us
    Show more

    We can help!

    Listing Contact
    Chase Parten
    Chase Parten

    Listing agent Chase Parten License #TX 807177

    Listing office Woodcrest Capital

    Listing date Nov 30, 2023

    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 Woodcrest Capital

    HighLights

    • Prominent location on 8th Street South near the heart of Wisconsin Rapids.
    • Approximately 52,000 SF retail center.
    • Diverse tenant mix including H&R Block and Cricket Wireless.
    • Suites suitable for retail, restaurants, offices, medical, or professional services.
    • Adjacent to a popular Goodwill store.
    • Flexible lease terms available for first‑time, franchise, and national credit tenants.

    Overview

    Located in Wisconsin Rapids, Wisconsin, this retail center offers approximately 52,000 square feet of space. The property is prominently situated on 8th Street South, near the city's center and adjacent to a Goodwill store. The center currently houses tenants such as H&R Block and Cricket Wireless, along with several local service businesses. Commercial suites are available for lease and suitable for various uses, including traditional retail storefronts, restaurants, offices, medical facilities, and other professional service providers. Woodcrest Capital welcomes both first-time and franchise businesses, offering accessible leases and flexible terms. The center also caters to national credit tenants. With over 40 years of experience in commercial real estate, Woodcrest owns and operates a diverse portfolio, ranging from Class A centers in busy neighborhoods to centers undergoing rehabilitation in rural communities. Multiple retail opportunities are typically available in the immediate area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hair Experts Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cross Roads Center — 1120 E Riverview Expy, Wisconsin Rapids, WI 54494

    Location Insight

    • Map
    • Local Demand
    City
    Wisconsin Rapids
    County
    Wood
    State
    Wisconsin
    Longitude
    -89.8164469
    Latitude
    44.3718803

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      Wisconsin Rapids Retail Outlot

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      25,000 SF

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      Retail/Office Building Near Walmart

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      Retail Space Near Walmart

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      Versatile Industrial Space Available

      Industrial property with shop, warehouse, and office space.
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    FAQs

    What type of property is this?
    Shopping center - Retail and office spaces available in Wisconsin Rapids, Wisconsin.
    Where is this shopping center located?
    The property is located at 2501 8th St S Wisconsin Rapids, WI.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: Prominent location on 8th Street South near the heart of Wisconsin Rapids.; Approximately 52,000 SF retail center.; Diverse tenant mix including H&R Block and Cricket Wireless.
    (715) 261-2922 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chase Parten
    Chase Parten
    Real Estate License ID: TX 807177
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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