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    1699 Schofield Ave Schofield, WI 54476

    For Sale
    $5,100,000

    High-yield shopping center, strong tenants.

    Property size:
    41,221 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 41,221 square foot shopping center in Schofield, Wisconsin, presents a compelling value-add investment opportunity. Located on a busy intersection at 1699 Schofield Ave, 54476, this multi-tenant property boasts 26 units across four one-story buildings situated on a 5.28-acre lot (APN: 281-2808-182-1077). Currently 78% occupied, the center features a mix of established tenants including Charter Media, Little Caesar's, Haven Transport, and the DC Everest School District. There are 8,272 square feet of vacant, versatile suites available, offering significant upside potential. Built in 1995 with renovations completed between 2015 and 2020, the property benefits from a recently repaved parking lot (2021) and phased roof replacements (2015, 2016, 2021). The property enjoys excellent visibility thanks to a prominent monument sign. The asking price is $5,100,000, representing a 6.49% cap rate, with a pro forma cap rate exceeding 11% upon full occupancy. This is a rare opportunity to acquire a well-located, multi-tenant retail center with substantial growth potential in a thriving Wisconsin community.

    Property Features for 1699 Schofield Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    41,221 SF
    Lot Size
    229,997 SF

    Building Details

    Year Built/Renovated
    1995/2015
    Buildings
    4
    Stories
    1
    Units
    26

    HighLights

    • Pro forma cap rate exceeds 11% at full occupancy.
    • Parking lot resurfaced in 2021.
    • Roof sections replaced in 2015, 2016, and 2021.
    • High visibility; monument signage on prominent corner lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Schofield
    County
    Marathon
    State
    Wisconsin
    Longitude
    -89.6036413
    Latitude
    44.9098703

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield shopping center, strong tenants.
    Where is this lifestyle center located?
    The property is located at 1699 Schofield Ave Schofield, WI.
    What is the asking price?
    The asking price for this property is $5,100,000.
    What are key features of this property?
    This property features: Pro forma cap rate exceeds 11% at full occupancy.; Parking lot resurfaced in 2021.; Roof sections replaced in 2015, 2016, and 2021.
    Request Owner's contact information
    1699 Schofield Ave Schofield, WI 54476
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    Realmo Value Estimation

    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.

    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.

    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
    1699 Schofield Ave Schofield, WI 54476
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