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    505 King St La Crosse, WI 54601

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    For Lease
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    Affordable office space in a cornerstone downtown building.

    Type:Office, Industrial, Retail
    Added:
    Aug 23, 2023
    Days on Market:
    970
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 505 King St

    General Information

    Standard status
    Active
    Property subtype
    Office, Industrial, Retail

    Building Details

    Year Built
    1947

    Spaces For Lease

    at 505 King St Contact us

    Suite 005 $6 /Mo

    Size
    12,000 SF
    Type
    Office, Industrial
    Landlord offering 3 months of free rent with a 3-year lease! Rare opportunity to...
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    Suite 105 $9 /Mo

    Size
    4,800 SF
    Type
    Office, Industrial
    Landlord offering 3 months of free rent with a 3-year lease! Ground-Level Office...
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    Contact us

    Suite 124 $9 /Mo

    Size
    4,659 SF
    Type
    Office
    Landlord offering 3 months of free rent with a 3-year lease! Current tenant in place,...
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    Suite 242 $9 /Mo

    Size
    1,100 SF
    Type
    Office
    Landlord offering 3 months of free rent with a 3-year lease! This former private...
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    Suite 157 $9 /Mo

    Size
    800 SF
    Type
    Office, Industrial
    UNDER NEW OWNERSHIP! Lock down your affordable office space in one of La Crosse's...
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    Suite 110 $9 /Mo

    Size
    608 SF
    Type
    Office, Industrial
    Landlord offering 3 months of free rent with a 3-year lease! 608 sq ft suite available...
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    Suite 340 $9 /Mo

    Size
    640 SF
    Type
    Office
    Landlord offering 3 months of free rent with a 3-year lease! Lock down your affordable...
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    Suite 380 $9 /Mo

    Size
    1,551 SF
    Type
    Office
    Landlord offering 3 months of free rent with a 3-year lease! Lock down your affordable...
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    Suite 221 $9 /Mo

    Size
    1,750 SF
    Type
    Office
    Landlord offering 3 months of free rent with a 3-year lease! 1750 sq ft suite available...
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    Suite 038 $9 /Mo

    Size
    3,780 SF
    Type
    Office
    Landlord offering 3 months of free rent with a 3-year lease! Lock down your affordable...
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    Contact us

    Suite 125 $9 /Mo

    Size
    1,090 SF
    Type
    Office
    Landlord offering 3 months of free rent with a 3-year lease! 1090 sq ft suite available...
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    Contact us

    Suite 010 $9 /Mo

    Size
    3,200 SF
    Type
    Office
    Lock down your affordable office space in one of La Crosse's cornerstone downtown...
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    Suite 135 $9 /Mo

    Size
    2,322 SF
    Type
    Office
    Landlord offering 3 months of free rent with a 3-year lease! Lock down your affordable...
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    Contact us

    Suite 117 $9 /Mo

    Size
    600 SF
    Type
    Office
    Landlord offering 3 months of free rent with a 3-year lease! Lock down your affordable...
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    Contact us

    Suite 106 $9 /Mo

    Size
    1,101 SF
    Type
    Office
    Landlord offering 3 months of free rent with a 3-year lease! 1101 sq ft suite available...
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    Contact us

    Suite 370 $9 /Mo

    Size
    715 SF
    Type
    Office
    Landlord offering 3 months of free rent with a 3-year lease! 3rd floor suite with...
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    Contact us

    Suite 128 $9 /Mo

    Size
    837 SF
    Type
    Office
    Landlord offering 3 months of free rent with a 3-year lease! Lock down your affordable...
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    Contact us

    Suite 217 $9 /Mo

    Size
    1,500 SF
    Type
    Office
    Landlord offering 3 months of free rent with a 3-year lease! Lock down your affordable...
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    Contact us

    Suite 324 $9 /Mo

    Size
    1,100 SF
    Type
    Office
    Landlord offering 3 months of free rent with a 3-year lease! Lock down your affordable...
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    Contact us

    Suite 245 $9 /Mo

    Size
    3,300 SF
    Type
    Office
    Lock down your affordable office space in one of La Crosse's cornerstone downtown...
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    Contact us

    Suite 212 $9 /Mo

    Size
    1,025 SF
    Type
    Office
    Landlord offering 3 months of free rent with a 3-year lease! Lock down your affordable...
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    Show more

    We can help!

    Listing Contact
    Spenser Nickelatti

    Listing agent Spenser Nickelatti License #83357-94

    Listing office eXp Commercial

    Listing date Aug 23, 2023

    Source Crexi

    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 eXp Commercial

    Overview

    Downtown La Crosse Office Space

    Office space is available for rent in a downtown La Crosse building. The landlord is offering 3 months of free rent with a 3-year lease. A 3-year minimum lease is required at a rate of $9.95 per square foot. This property is located in downtown La Crosse.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rivers Family Therapy ... Family Counselor Hale Skemp Corporate Office Home Instead Home Health Care Service One Opportunity Hiring Employment Agency Corazon Dance Academy ... Training Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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
    -91.2497745
    Latitude
    43.8102463

    Nearby Similar for Lease

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      Industrial Warehouse and Office Space

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      WI, La Crosse - 3rd Street North

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      La Crosse Warehouse Space Available

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      3211 George St, La Crosse, WI 54603
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      La Crosse Office Space Available

      Professional office space with marsh view and highway signage.
      1421 State Rd 16 -, La Crosse, WI 54601
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      Versatile Commercial Space in La Crosse

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      2635 Hemstock St, La Crosse, WI 54603
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      Historic Landmark Mixed-Use Development

      Mixed-use development with retail, office, and restaurant leasing opportunities.
      401 2nd Street North, La Crosse, WI, 54601
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      Modern Office Space in La Crosse

      New construction office spaces with flexible floor plans.
      232 3rd Street South, La Crosse, WI, 54601
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      Turn-Key Fitness Center Opportunity

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

      Riverside Center III Office Space

      Six-story office building in downtown La Crosse for lease.
      102 Jay Street, La Crosse, WI 54601
      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
    • Contact for pricing

      Downtown La Crosse Office Building

      Six-story, 94,721 SF office building in downtown La Crosse.
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      View Details

    FAQs

    What type of property is this?
    Office units - Affordable office space in a cornerstone downtown building.
    Where is this office units located?
    The property is located at 505 King St La Crosse, WI.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 3 months of free rent with a 3‑year lease.; Affordable office space at $9.95/sq ft.; Located in a cornerstone downtown building.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Spenser Nickelatti
    Real Estate License ID: 83357-94
    Learn More
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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
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