Class A Office
1400 Merrill Ave, Wausau, WI 54401
Well-maintained Class A office building with natural lighting and easy access.
Type:Office
Property size:
8,750 SFPrice / SF:
$142/SF- Added:
- Jan 12, 2024
- Days on Market:
- 863
- Last Refresh:
- May 12 at 11:04 pm
Property Features for 1400 Merrill Ave
General Information
- Standard status
- Active
- Size
- 8,750 SF
- Property subtype
- Office
Building Details
- Year Built
- 1996
Listing agent T.J. Morice, SIOR License #WI 89917-94
Listing office NAI Pfefferle
Listing date Jan 12, 2024
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
- Class A office building offering a professional environment.
- Features nine private offices and additional workspaces.
- Easy highway access on Wausau’s northwest side.
- Main level includes reception area, conference rooms, and break room.
- Two‑stall heated garage convertible to office or leasable space.
- Natural lighting throughout.
Overview
This attractive, Class A office building, constructed in 1996 and well-maintained, features natural lighting throughout and provides a professional environment. The main level includes a reception area, three conference rooms, one office, file storage, a utility and IT room, and a break room/kitchen area. The second level consists of three executive office suites with access to a deck/balcony, six private offices, and nine cubicles and work alcoves. A two-stall heated garage is present, which could be converted to office or leasable space. The property offers easy highway access on Wausau’s northwest side. The property size is 8,750 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$969.2K
NOI $87,224 @ 9.00% cap · cautious / downside scenario
Moderate
$1.25M
NOI $87,224 @ 7.00% cap · market / base-case scenario
Aggressive
$1.74M
NOI $87,224 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.1k | $17.04 |
| − Vacancy | −$32.8k | −$3.75 |
| EGI | $116.3k | $13.29 |
| − OpEx | −$29.1k | −$3.32 |
| NOI | $87.2k | $9.97 |
8,750 SF · lease $17.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.25M
$1.09M – $1.45M
NOI $87,224 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.62M
$1.41M – $1.89M
NOI $113,164 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Davczyk & Varline, LLC
Consultant
Location Insight
- Map
- Local Demand
- City
- Wausau
- County
- Marathon
- State
- Wisconsin
- Longitude
- -89.6468608
- Latitude
- 44.9814383
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Well-maintained Class A office building with natural lighting and easy access.
Where is this office building located?
The property is located at 1400 Merrill Ave Wausau, WI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Class A office building offering a professional environment.; Features nine private offices and additional workspaces.; Easy highway access on Wausau’s northwest side.
