Flex Space with Heated
New
For Sale
$399,000
9050 State Highway 13 S, Wisconsin Rapids, WI 54494
COMMERCIAL - Wisconsin Rapids, WI
Property Size6,315 SF
Lot Size0.95 Acres
Price / SF$63.18
Days on Market2
Property Features for 9050 State Highway 13 S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
G2 Comm
Parking features
Garage
Security features
Security System
Interior features
Overhead doors, Truck dr(s) 15ft or lower, Shared Restrooms, Reception area, Signage available, Security system, Inside storage, Outside storage, Private office(s)
Lot features
Business district, High Traffic Location, High Visibility, Near Major Highway
Directions
From 73/13 - Turn Highway 13 north, building is on your left
Subdivision
Other in Wisconsin
Standard status
Active
APN
1800159C
Size
6,315 SF
Lot size
0.95 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3499
Amenities
kitchen
restroom
newer metal roof
paved parking lot
Building Details
Number of units
1
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Coldwell Banker Advantage LLC · Coldwell Banker Real Estate
(715) 325-7335
Listed By:
Lindsey Schider · License #8505694
(715) 570-7911
Added: Aug 18
Last Checked: Aug 19 at 10:06AM
MLS# 2025129
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property offers 4,315 square feet of open commercial space with dedicated offices, a kitchen, restroom, reception area, and interior storage. An attached 2,000-square-foot heated garage expands the usable footprint for workspace, storage, or fleet accommodation. Overhead doors, a security system, available signage, and a newer metal roof are also included. The property is zoned G2 Comm and occupies a 0.95-acre site with a paved parking area.
Positioned along State Highway 13 south of Wisconsin Rapids, the property has more than 13,200 daily impressions according to the DOT. Its highway frontage provides access to a highly traveled corridor, while the paved lot supports customer and employee parking. Exterior storage and truck doors 15 feet or lower add further operational flexibility.
Positioned along State Highway 13 south of Wisconsin Rapids, the property has more than 13,200 daily impressions according to the DOT. Its highway frontage provides access to a highly traveled corridor, while the paved lot supports customer and employee parking. Exterior storage and truck doors 15 feet or lower add further operational flexibility.
Key Highlights
- 4,315 square feet of open commercial space with dedicated office areas
- Attached 2,000‑square‑foot heated garage for workspace, storage, or fleet accommodation
- 0.95‑acre property with a spacious paved parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,205
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$664,100
$664.1K
Cap Rate 7%
$474,357
$474.4K
Cap Rate 9%
$368,944
$368.9K
Market Conditions
NOI Build-Up for 6,315 SF
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.
Gross rent
$41.4K $6.56/SF
− Vacancy
−$2.4K −$0.37/SF
EGI
$39.1K $6.19/SF
− OpEx
−$5.9K −$0.93/SF
NOI
$33.2K $5.26/SF
Area
Wood County, WI
Vacancy
5.70%
Lease Rate
$6.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$664,100
Cap Rate 7%
$474,357
Cap Rate 9%
$368,944
Alternative Uses
Best Use
Flex RnD
$768.1K
$672.1K – $896.2K
NOI $53,769 @ 7.0% cap · market cap 13.48%
Second Best
Retail
$644.3K
$563.8K – $751.7K
NOI $45,102 @ 7.0% cap · market cap 11.30%
Theoretical Best
Specialty Retail
$1.23M
$1.07M – $1.43M
NOI $85,758 @ 7.0% cap · market cap 21.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13,200 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54494, WI
27,420
Population
13,110
Households
2.1
Avg Household Size
47
Median Age
23%
College-Educated
95%
High-School Grad
125.3 sq mi
ZIP Area
219
Density / Sq Mi
$71,087
Median Household Income
$43,800
Median Earnings
$954
Median Rent
$170,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial space combines open work areas, offices, storage, and a paved parking lot along State Highway 13.
Where is this flex space located?
The property is located at 9050 State Highway 13 S Wisconsin Rapids, WI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 4,315 square feet of open commercial space with dedicated office areas; Attached 2,000‑square‑foot heated garage for workspace, storage, or fleet accommodation; 0.95‑acre property with a spacious paved parking lot
