Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    232 3Rd St La Crosse, WI 54601

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing
    Lot size:
    120,432 SF

    Property Features for 232 3Rd St

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    120,432 SF
    Class
    A
    Total Rate
    155558

    Building Details

    Year Built
    2017
    Buildings
    1
    Stories
    6

    Spaces For Lease

    at 232 3Rd St, La Crosse, WI 54601 Contact us
    Unit Floor 3

    $17 /Mo

    Size
    19,585 SF
    Contact us
    Unit Floor 4

    $17 /Mo

    Size
    58,755 SF
    Contact us
    Unit Floor 5

    $17 /Mo

    Size
    58,755 SF
    Contact us

    We can help!

    Listing Contact
    Chase Brieman
    Chase Brieman

    Listing Agency: CBRE, Inc. Listing Agent: Chase Brieman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Idea Fund of La ... Venture Capital Company Mayo Clinich Health ... Medical Clinic Belle Square Apartment Complex Mayo Clinic Health ... Medical Clinic Belle Square Offices Corporate Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    La Crosse
    County
    La Crosse
    State
    Wisconsin
    Longitude
    -91.251373318938
    Latitude
    43.814690036324

    Nearby Similar for Lease

    • Contact for pricing
      2,000 SF

      Renovated Downtown La Crosse Retail Space

      Classic, newly renovated retail space in downtown La Crosse.
      221 3Rd St, La Crosse, WI 54601
      View Details
    • Contact for pricing
      3,040 SF

      Versatile Commercial Space in La Crosse

      Commercial space with shop, warehouse, offices, and loading dock.
      2635 Hemstock St, La Crosse, WI 54603
      View Details
    • Contact for pricing
      20,083 SF

      La Crosse Industrial Space Available

      Office, warehouse, and manufacturing space for lease in La Crosse.
      1502 Miller St, La Crosse, WI 54601
      View Details
    • Contact for pricing
      1,550 SF

      La Crosse Office Space Available

      Professional office space with marsh view and highway signage.
      1421 State Rd, La Crosse, WI 54601
      View Details
    • Contact for pricing
      150,000 SF

      Industrial Warehouse and Office Space

      Up to 50,000 SF available for lease.
      1309 Norplex Dr, La Crosse, WI 54601
      View Details
    • Contact for pricing
      13,160 SF

      La Crosse Warehouse Space Available

      Heated warehouse with loading docks and negotiable office space.
      3211 George St, La Crosse, WI 54603
      View Details
    • Sponsored
      Contact for pricing

      WI, La Crosse - 3rd Street North

      Discover many ways to work your way in Boise Downtown
      232 3Rd St, La Crosse, WI 54601
      View Details
    • Contact for pricing
      1,200 SF

      Downtown Building with Onsite Parking

      1200 SF building with 26 parking spaces in LaCrosse.
      227 3Rd St, La Crosse, WI 54601
      View Details
    • Contact for pricing
      5,625 SF

      Industrial Warehouse Space in La Crosse

      5625 sq ft warehouse with loading dock for rent.
      2525 Larson St, La Crosse, WI 54603
      View Details
    • Contact for pricing

      Historic Landmark Mixed-Use Development

      Mixed-use development in downtown La Crosse with leasing opportunities.
      525 2Nd St, La Crosse, WI 54601
      View Details
    • $13 SF/Yr
      8,000 SF

      Turn-Key Fitness Center Downtown

      Fully equipped fitness center with existing membership base for rent.
      332 Front St South, La Crosse, WI 54601
      View Details
    • Contact for pricing
      94,721 SF

      Downtown La Crosse Office Building

      Six-story, 94,721 SF office building in downtown La Crosse.
      102 Jay St, La Crosse, WI 54601
      View Details

    FAQs

    Where is this office units located?
    The property is located at 232 3Rd St La Crosse, WI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    (608) 441-7571 Call to check price and availability
    Request Owner's contact information
    232 3Rd St La Crosse, WI 54601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    232 3Rd St
    La Crosse, WI 54601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    232 3Rd St La Crosse, WI 54601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chase Brieman
    Chase Brieman
    Real Estate License ID: 54278
    (608) 441-7571 (608) 332-6561 (608) 663-5445
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!