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    5687 4Th Ave Pittsville, WI 54466

    Sponsored
    For Sale
    $1,152,705

    Wisconsin Retail Property - High ROI

    Property size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional investment opportunity features a 7,500 square foot, single-tenant Dollar General with FedEx OnSite, located at 5687 4th Avenue, Pittsville, WI 54466. Built in 2018, this free-standing building sits on a 1.27-acre lot and is currently operating at 100% occupancy under a 15-year NNN lease with a corporate guarantee. The lease includes four (5) year renewal options with a 10% rent increase in each option. The property boasts a strong 6.80% cap rate and a Net Operating Income (NOI) of $78,384, representing an asking price of $1,152,705. Situated in a prime location with over 2,000 residents within a 5-mile radius and high daily traffic counts on State Highway 73 (2,000 vehicles per day), this property offers exceptional stability and growth potential. The modern design and ample space make it an attractive investment for discerning buyers seeking a low-maintenance, high-return retail asset. This is a single-story building with a strong tenant and a proven track record. The property is offered as a single investment opportunity. This is a turnkey investment with minimal landlord responsibilities.

    Property Features for 5687 4Th Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,500 SF
    Lot Size
    55,321 SF

    Building Details

    Year Built
    2018
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 7,500 SF modern retail building built in 2018.
    • NNN lease; zero landlord responsibilities.
    • Tenants include Dollar General and FedEx.
    • Excellent Pittsville location.
    • Strong demographics: 2,000+ households within a 5‑mile radius, experiencing growth.
    • High traffic count: 2,000 vehicles daily on State Highway 73.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Dental Office Auto Repair Shop Hair Salon Gym & Fitness Department Store Kitchen & Bath Food Market Storage Facility Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsville
    County
    Wood
    State
    Wisconsin
    Longitude
    -90.1261333
    Latitude
    44.452676

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    FAQs

    What type of property is this?
    Individual retail property - Wisconsin Retail Property - High ROI
    Where is this individual retail property located?
    The property is located at 5687 4Th Ave Pittsville, WI.
    What is the asking price?
    The asking price for this property is $1,152,705.
    What are key features of this property?
    This property features: 7,500 SF modern retail building built in 2018.; NNN lease; zero landlord responsibilities.; Tenants include Dollar General and FedEx.
    Request Owner's contact information
    5687 4Th Ave Pittsville, WI 54466
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    Pittsville, WI 54466
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    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
    5687 4Th Ave Pittsville, WI 54466
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