Schofield Retail Center For
For Sale
Contact for pricing
1699 Schofield Ave, Schofield, WI 54476
Versatile retail center with upside potential in Schofield, Wisconsin.
Property Size41,221 SF
Price / SF$131.85
Days on Market1690
Property Features for 1699 Schofield Ave
General Information
Standard status
Active
Size
41,221 SF
Property subtype
Retail
Zoning
Commercial
Occupancy
92%
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
1995
Year Renovated
2023
Buildings
4
Stories
1
Units
26
Tenancy
Multi
Listing Agency:
Professional Property Advisors
Listed By:
Harry Lancz · License #LA Brok.995691162
Source:
Crexi
Added: Jan 27, 2022
Changed: Sep 6
Last Checked: Sep 13 at 6:34AM
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 Professional Property Advisors
Investment Insights
Based on property information with market context.
This versatile retail center is located on a busy intersection in Schofield, Wisconsin, across the street from Country Inn and Suites, Walgreens Pharmacy, and Skylight Autism Center. The property features a mix of tenants, including Spectrum Media, Little Caesar's, AnSer, and Lendmark Financial. The center offers upside potential with 3 vacant suites available, sized at 680 square feet and 2100 square feet. The property is well-maintained, with fresh paint applied in 2023 and new roofs installed on two of the buildings in 2022 and 2024. The property size is 41221 square feet, presenting an investment opportunity.
Key Highlights
- Located on a busy intersection in Schofield with high visibility.
- Excellent mix of established tenants including Spectrum Media, Little Caesar's, AnSer, and Lendmark Financial.
- Upside potential with 3 vacant suites available (680 sf and 2100 sf).
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
$414,642
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
7.63%
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%
$8,292,840
$8.3M
Cap Rate 7%
$5,923,457
$5.9M
Cap Rate 9%
$4,607,133
$4.6M
Market Conditions
NOI Build-Up for 41,221 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
$618.3K $15.00/SF
− Vacancy
−$26.0K −$0.63/SF
EGI
$592.3K $14.37/SF
− OpEx
−$177.7K −$4.31/SF
NOI
$414.6K $10.06/SF
Area
Marathon County, WI
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$8,292,840
Cap Rate 7%
$5,923,457
Cap Rate 9%
$4,607,133
Alternative Uses
Best Use
Retail
$5.92M
$5.18M – $6.91M
NOI $414,642 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.62M
$6.66M – $8.89M
NOI $533,111 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
94k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 34%
Beauty & Spa 2%
Electronics 1%
McDonald's
Dining
28,917 visits/mo
0.5 miles
Kwik Trip
Shops & Services
26,815 visits/mo
0.2 miles
Taco John's
Dining
9,684 visits/mo
0.2 miles
Caribou Coffee
Dining
8,395 visits/mo
0.4 miles
Burger King
Dining
7,556 visits/mo
0.5 miles
Demographics for 54476, WI
19,668
Population
8,574
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
94%
High-School Grad
42.0 sq mi
ZIP Area
468
Density / Sq Mi
$76,132
Median Household Income
$43,962
Median Earnings
$972
Median Rent
$211,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Versatile retail center with upside potential in Schofield, Wisconsin.
Where is this shopping center located?
The property is located at 1699 Schofield Ave Schofield, WI.
What is the asking price?
The asking price for this property is $5,435,000.
What are key features of this property?
This property features: Located on a busy intersection in Schofield with high visibility.; Excellent mix of established tenants including Spectrum Media, Little Caesar's, AnSer, and Lendmark Financial.; Upside potential with 3 vacant suites available (680 sf and 2100 sf).
