Flex Space with Heated
For Sale
$399,000
9050 State Highway 13 S, Wisconsin Rapids, WI 54494
Business/Comm, Wisconsin Rapids, WI
Property Size6,315 SF
Lot Size0.95 Acres
Price / SF$63.18
Days on Market14
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
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
Changed: Aug 31
Last Checked: Aug 31 at 11:06PM
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 space combines 4,315 square feet of open commercial area with dedicated offices, a kitchen, restroom, reception area, and storage. The attached 2,000-square-foot heated garage adds functional workspace, vehicle accommodation, or additional storage. Overhead doors, a metal roof, security system, and paved parking further support day-to-day operations.
The property is positioned at 9050 State Highway 13 S in Wisconsin Rapids, along a corridor recording over 13,200 daily impressions according to the DOT. Signage is available, and the site includes outside storage and garage parking. The 0.95-acre property is zoned G2 Comm.
The property is positioned at 9050 State Highway 13 S in Wisconsin Rapids, along a corridor recording over 13,200 daily impressions according to the DOT. Signage is available, and the site includes outside storage and garage parking. The 0.95-acre property is zoned G2 Comm.
Key Highlights
- 4,315 square feet of open commercial space with dedicated office areas
- Attached 2,000‑square‑foot heated garage
- Over 13,200 daily impressions along State Highway 13, according to the DOT
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
Warehouse
$474.4K
$415.1K – $553.4K
NOI $33,205 @ 7.0% cap · market cap 8.32%
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
62
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 - Flexible commercial layout along State Highway 13 with office areas, signage options, and paved parking.
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; Over 13,200 daily impressions along State Highway 13, according to the DOT
