Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in Stevens Point Title is generated by Realmo AI

    316 Division St, Stevens Point, WI 54481

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space in a vibrant Stevens Point community.

    Type:Retail
    Added:
    Aug 28, 2020
    Days on Market:
    2111
    Last Refresh:
    May 12 at 8:51 pm

    Property Features for 316 Division St

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 316 Division St Contact us

    We can help!

    Listing Contact
    Mike Kohne

    Listing agent Mike Kohne License #FLBO

    Listing office Legacy Commercial Properties

    Listing date Aug 28, 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 Legacy Commercial Properties

    HighLights

    • Ideal location for retail or free‑standing building tenants.
    • Close proximity to a bustling commercial district with diverse shops and dining.
    • Steady foot traffic due to lively atmosphere.
    • Nearby landmarks such as Pfiffner Pioneer Park and the Museum of Natural History.
    • Favorable demographics.
    • Convenient access to major roadways.

    Overview

    The property at 316 Division St. in Stevens Point is situated in a vibrant and bustling community, making it an ideal location for prospective retail or free-standing building tenants. The property benefits from its close proximity to a bustling commercial district with a diverse mix of local shops, dining options, and cultural attractions, creating a lively atmosphere with steady foot traffic. Nearby landmarks such as the scenic Pfiffner Pioneer Park and the engaging Museum of Natural History contribute to the area's charm, attracting residents and visitors. The location offers an excellent opportunity for retail businesses to establish a prominent presence and cater to the diverse needs of the Stevens Point market due to favorable demographics, a strong sense of community, and convenient access to major roadways.
    Location Intelligence

    Current Use by Public Records

    Dr Altares Physician

    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
    Stevens Point
    County
    Portage
    State
    Wisconsin
    Longitude
    -89.5757489
    Latitude
    44.5317844

    Nearby Similar for Lease

    • $2,000/Mo

      Versatile Commercial Space For Lease

      Customizable commercial space in high-traffic area, ideal for various businesses.
      5720 Windy Drive, Stevens Point, WI 54482
      View Details
    • $35 SF/Yr
      2,273 SF

      Turn-Key Restaurant with Drive-Thru

      Restaurant with drive-thru near UW-Steven's Point campus.
      327 Division Street, Stevens Point, WI, 54481
      View Details
    • $12 SF/Yr
      11,555 SF

      Retail Space in East Town

      High-traffic retail space with signage opportunities in central Wisconsin.
      5474 Hwy 10 E, Stevens Point, WI
      View Details
    • $350/Mo
      1,500 SF

      Office Space for Non-Profits

      ADA compliant office spaces available for rent to 501C-3 organizations.
      1578 Strongs Avenue, Stevens Point, WI 54481
      View Details
    • $3,256/Mo
      3,256 SF

      Retail Space in Hawthorn Center

      Retail space for lease in a desirable east side location.
      1101 Brilowski Road Suite A, Stevens Point, WI 54481
      View Details
    • $16 SF/Yr
      12,048 SF

      Mixed-Use Building in Growing Area

      Retail and office suites in a rapidly growing downtown area.
      1060 Centerpoint Dr, Stevens Point, WI
      View Details
    • Contact for pricing
      64,648 SF

      Retail Space in Stevens Point

      New retail development with 250,000 square feet of retail space.
      5601 U.S. 10, Stevens Point, WI, 54482
      View Details
    • Contact for pricing

      Storefront Retail Space with Sidewalk Access

      Direct sidewalk entry and efficient parking make this storefront space convenient for everyday customer traffic.
      1601 SIXTH AVE, STEVENS POINT, WI
      View Details
    • $10 SF/Yr

      Commercial Suite in Stevens Point

      Modern commercial suite in a thriving Stevens Point location.
      5741 Windy Dr, Stevens Point, WI 54481
      View Details
    • $10 SF/Yr

      High-Visibility Commercial Space Near Highway

      Prime retail/office space with high traffic count and easy access.
      5709 Windy Dr, Stevens Point, WI 54482
      View Details
    • Contact for pricing
      250,000 SF

      Retail Space in Stevens Point

      New retail development with spaces available for lease.
      5601 US-10, Stevens Point, WI 54482
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in a vibrant Stevens Point community.
    Where is this retail space located?
    The property is located at 316 Division St Stevens Point, WI.
    What are key features of this property?
    This property features: Ideal location for retail or free‑standing building tenants.; Close proximity to a bustling commercial district with diverse shops and dining.; Steady foot traffic due to lively atmosphere.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Kohne
    Real Estate License ID: FLBO
    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
    316 Division St, Stevens Point, WI 54481
    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!