Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Remodeled Commercial Space with Potential Title is generated by Realmo AI

    119 Sand Lake RD -, Onalaska, WI 54650

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Remodeled commercial space with high potential in Onalaska, Wisconsin.

    Type:Office, Land
    Property size:
    3,456 SF
    Added:
    Dec 16, 2023
    Days on Market:
    901
    Last Refresh:
    May 12 at 11:02 pm

    Property Features for 119 Sand Lake RD -

    General Information

    Standard status
    Active
    Size
    3,456 SF
    Property subtype
    Office, Land

    We can help!

    Listing Contact
    Damon Olson

    Listing agent Damon Olson License #WI

    Listing office Coldwell Banker Commercial River Valley Onalaska

    Listing date Dec 16, 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 Coldwell Banker Commercial River Valley Onalaska

    HighLights

    • Major remodel completed in 2020.
    • Complete new front.
    • New decor.
    • High potential.

    Overview

    This commercial space, known as Center 90, underwent a major remodel in 2020, featuring a completely new front and updated decor. The property offers 3456 square feet of space and presents a range of possibilities for various business ventures. Located in Onalaska, Wisconsin, the property is situated on Sand Lake Road.
    Location Intelligence

    Current Use by Public Records

    Office Spaces

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Onalaska
    County
    La Crosse
    State
    Wisconsin
    Longitude
    -91.2211104
    Latitude
    43.8854724

    Nearby Similar for Sale

    • $2,700,000
      17,640 SF

      New Commercial Buildings in Onalaska

      Three commercial buildings with showroom, office, and warehouse space.
      N5550 County Rd, Onalaska, WI 54650
      View Details
    • $361,750

      Residential Land in Onalaska, WI

      Four contiguous residential parcels totaling approximately .99 acres in Onalaska.
      Lt 2 Gabrielle Way, Onalaska, WI 54650
      View Details
    • $4,706,836
      6,600 SF

      Fully Leased Retail Investment Property

      Fully leased retail property with corporate and franchisee tenants.
      3025 S Kinney Coulee Rd, Onalaska, WI
      View Details
    • $2,643,000
      15,748 SF

      Freestanding Retail Building in Onalaska

      Freestanding 15,768 SF retail building in Onalaska, Wisconsin.
      1231 Crossing Meadows Drive, Onalaska, WI, 54650
      View Details
    • $411,800

      Commercial Lot with Highway Visibility

      Vacant commercial lot suitable for various business ventures.
      Lot 22 Gabrielle Way, Onalaska, WI 54650
      View Details
    • $1,460,000
      7,658 SF

      Onalaska Office Building For Sale

      7,658 SF office building available in Onalaska, Wisconsin.
      801 Critter Ct, Onalaska, WI
      View Details
    • $428,910

      Commercial Lot with Highway Visibility

      Commercial vacant lot with high visibility in Onalaska, Wisconsin.
      Lot 21 Gabrielle Way, Onalaska, WI 54650
      View Details
    • $184,900

      Residential Lot with Grand Views

      1.83 acre residential lot with utilities in Onalaska, WI.
      Lot 56 Grand Glen Ct, Onalaska, WI 54650
      View Details
    • $115,000

      Residential Lot with Grand Views

      Residential lot in Grandview Estates, Onalaska, with picturesque views.
      Lot 48 Madison Heights Dr, Onalaska, WI 54650
      View Details
    • $445,800

      Commercial Lots with Highway Visibility

      Commercial land with high visibility and modern infrastructure.
      Lot 19 Gabrielle Way, Onalaska, WI 54650
      View Details
    • $426,990

      Commercial Lots with Highway Visibility

      Commercial lots with high visibility and modern infrastructure.
      Lot 20 Gabrielle Way, Onalaska, WI 54650
      View Details
    • Contact for pricing
      6,000 SF

      Mixed-Use Building with Warehouse

      Commercial mixed-use building featuring warehouse and office space for lease.
      555 Braund St, Onalaska, WI 54650
      View Details

    FAQs

    What type of property is this?
    Office space - Remodeled commercial space with high potential in Onalaska, Wisconsin.
    Where is this office space located?
    The property is located at 119 Sand Lake RD - Onalaska, WI.
    What are key features of this property?
    This property features: Major remodel completed in 2020.; Complete new front.; New decor.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Damon Olson
    Real Estate License ID: WI
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    119 Sand Lake RD -, Onalaska, WI 54650
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!