Schofield Retail Center For
For Sale
Contact for pricing
1519 Metro Dr, Schofield, WI 54476
Prime corner lot with long-term tenants and upside potential.
Property Size41,221 SF
Price / SF$131.85
Days on Market1342
Property Features for 1519 Metro Dr
General Information
Standard status
Active
Size
41,221 SF
Property subtype
Retail
Occupancy
70%
Lease Type
Modified Gross
Building Details
Year Built
1995
Year Renovated
2015
Buildings
4
Tenancy
Multi
Listing Agency:
NAI Pfefferle
Listed By:
T.J. Morice, SIOR · License #WI 89917-94
Source:
Crexi
Added: Dec 8, 2022
Changed: Aug 8
Last Checked: Aug 10 at 3:33PM
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
Investment Insights
Based on property information with market context.
This commercial property is situated on a prime corner lot in the busiest section of Schofield. The property features a mix of long-term tenants, including Charter Media, Haven Transport, Little Caesar’s, and the D.C. Everest School District. The property has vacant suites available in a variety of versatile sizes, presenting an investment opportunity with upside potential. The property size is 41221 square feet. The pro forma cap rate is over 11% when leased to full occupancy.
Key Highlights
- Pro Forma cap rate is over 11% when leased to full occupancy.
- Located on a prime corner lot in the busiest section of Schofield.
- Great mix of long‑term tenants including Charter Media, Haven Transport, Little Caesar’s, and the D.C. Everest School District.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$414,642
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,292,840
$8.3M
Cap Rate 7%
$5,923,457
$5.9M
Cap Rate 9%
$4,607,133
$4.6M
Market Conditions
NOI Build-Up for 41,221 SF
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.
Gross rent
$618.3K $15.00/SF
− Vacancy
−$26.0K −$0.63/SF
EGI
$592.3K $14.37/SF
− OpEx
−$177.7K −$4.31/SF
NOI
$414.6K $10.06/SF
Area
Marathon County, WI
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,292,840
Cap Rate 7%
$5,923,457
Cap Rate 9%
$4,607,133
Alternative Uses
Best Use
Retail
$5.92M
$5.18M – $6.91M
NOI $414,642 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.62M
$6.66M – $8.89M
NOI $533,111 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
45k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 28%
Electronics 2%
Kwik Trip
Shops & Services
26,815 visits/mo
0.3 miles
Taco John's
Dining
9,684 visits/mo
0.3 miles
AutoZone
Shops & Services
3,259 visits/mo
0.1 miles
Little Caesars Pizza
Dining
2,772 visits/mo
0.2 miles
Valvoline Instant Oil Change
Shops & Services
1,281 visits/mo
0.2 miles
Demographics for 54476, WI
19,668
Population
8,574
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
94%
High-School Grad
42.0 sq mi
ZIP Area
468
Density / Sq Mi
$76,132
Median Household Income
$43,962
Median Earnings
$972
Median Rent
$211,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Prime corner lot with long-term tenants and upside potential.
Where is this shopping center located?
The property is located at 1519 Metro Dr Schofield, WI.
What is the asking price?
The asking price for this property is $5,435,000.
What are key features of this property?
This property features: Pro Forma cap rate is over 11% when leased to full occupancy.; Located on a prime corner lot in the busiest section of Schofield.; Great mix of long‑term tenants including Charter Media, Haven Transport, Little Caesar’s, and the D.C. Everest School District.
