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    1800 Westwood Center Blvd Wausau, WI 54401

    Sponsored
    For Sale
    $3,900,000

    242,701 SF Hotel, 37 Acres, $3.9M

    Property size:
    242,701 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    406
    This exceptional 242,701 square foot hospitality property, situated on a stunning 37.27-acre wooded bluff overlooking the Wisconsin River Valley, presents a unique investment opportunity. Located in Wausau, WI, at 1800 Westwood Center Blvd (54401), this three-story, 1980-built hotel boasts high visibility and convenient access to Highway 51. The property features a fully sprinklered system, loading dock, and elevators, ensuring operational efficiency. Currently configured with abundant office space, well-maintained indoor and outdoor dining facilities, an auditorium, and 17 state-of-the-art meeting rooms with individual climate control and large windows, it's ideally suited for a variety of uses, including corporate headquarters, retreat centers, office/institutional campuses, or large group gathering venues. A significant asset is a separate 10,000+ square foot meeting/event facility, a replica of Wausau's Grant Street Train Depot. The property's prime location offers proximity to Aspirus Wausau Hospital & Medical Campus, shopping, restaurants, major schools, and professional services. Two existing tenants, Aspirus (37,213 SF, lease expiring 2/28/26) and Liberty Mutual (7,766 SF, lease expiring 7/31/27), currently occupy portions of the space. The asking price is $3,900,000, translating to $16.07 per square foot. The property is zoned commercial and has an APN of 291-2907-271-0946

    Property Features for 1800 Westwood Center Blvd

    General Information

    Property type
    Hotels
    Square Feet
    242,701 SF
    Lot Size
    1,623,481 SF

    Building Details

    Year Built
    1980
    Stories
    3

    We can help!

    Listing Contact
    John Roberts, SIOR
    John Roberts, SIOR

    Learn more

    Property Insight Report

    HighLights

    • 242,701 SF hospitality property on 37.27 wooded acres overlooking the Wisconsin River Valley in Wausau, WI.
    • Ideal for corporate headquarters, retreat centers, office/institutional campuses, or large group gathering venues.
    • High‑visibility location with convenient Highway 51 access.
    • Adjacent to Aspirus Wausau Hospital, shopping, restaurants, schools, and professional services.
    • Features include a sprinkler system, loading dock, elevators, and abundant office space.
    • Includes a 10,000+ SF event facility, a replica of Wausau's Grant Street Train Depot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Salelytics Business To Business Service West Corporation Business To Business Service Westwood Conference Center Conference Center WISCONSIN SUMMER INCLUSION ... Training Centre

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Wausau
    County
    Marathon
    State
    Wisconsin
    Longitude
    -89.6594303
    Latitude
    44.9725295

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    FAQs

    What type of property is this?
    Hotel - 242,701 SF Hotel, 37 Acres, $3.9M
    Where is this hotel located?
    The property is located at 1800 Westwood Center Blvd Wausau, WI.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: 242,701 SF hospitality property on 37.27 wooded acres overlooking the Wisconsin River Valley in Wausau, WI.; Ideal for corporate headquarters, retreat centers, office/institutional campuses, or large group gathering venues.; High-visibility location with convenient Highway 51 access.
    Request Owner's contact information
    1800 Westwood Center Blvd Wausau, WI 54401
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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.

    More about this property
    1800 Westwood Center Blvd Wausau, WI 54401
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    We can help!
    Listing Contact
    John Roberts, SIOR
    John Roberts, SIOR
    Real Estate License ID: WI 79758-94
    Learn more
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