2187 N Stevens St, Rhinelander, WI 54501
Office building with long history available for purchase.
- Added:
- Jul 23, 2020
- Days on Market:
- 2160
- Last Refresh:
- May 19 at 11:35 pm
Property Features for 2187 N Stevens St
General Information
- Standard status
- Active
- Size
- 18,500 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing agent T.J. Morice, SIOR License #WI 89917-94
Listing office NAI Pfefferle
Listing date Jul 23, 2020
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 NAI Pfefferle
HighLights
- Year Built: 2006
- Long history
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $277.5k | $15.00 |
| − Vacancy | −$66.6k | −$3.60 |
| EGI | $210.9k | $11.40 |
| − OpEx | −$52.7k | −$2.85 |
| NOI | $158.2k | $8.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rhinelander
- County
- Oneida
- State
- Wisconsin
- Longitude
- -89.3766277
- Latitude
- 45.6612803
