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    941 Mallard Ln Balsam Lake, WI 54810

    For Sale
    $1,428,419

    8,000 SF Office Building, 100% Occupied

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 8,000-square-foot executive office building, located at 941 Mallard Ln, Balsam Lake, WI 54810, presents a compelling investment opportunity. Currently 100% occupied by a mix of Wisconsin state agencies and other tenants, this single-story, Class C building boasts a strong NOI of $119,800, yielding an 8.39% cap rate at an asking price of $1,428,419 ($178.55/SF). Situated on a 2.96-acre lot (APN 106-00548-0001), the property was built in 1994 and is currently undergoing renovations, which may affect the final asking price upon completion. The building is subject to gross leases, with terms averaging 26 months to maturity (including options) based on historical data

    Property Features for 941 Mallard Ln

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    8,000 SF
    Class
    C
    Lot Size
    128,938 SF

    Building Details

    Year Built
    1994
    Stories
    1

    HighLights

    • Renovations underway; price subject to change upon completion.
    • Excellent investment opportunity.
    • Gross leases, averaging 26‑month maturity (including options).
    • Optional property management services available.
    • Tenants include Wisconsin state agencies and other businesses.
    • Leases contain escalator clauses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    USDA-Polk County Farm ... Agricultural Organization Wisconsin Department of Corrections Government Office Natural Resources Conservation Conservation Department US Agricultural Department Agricultural Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Balsam Lake
    County
    Polk
    State
    Wisconsin
    Longitude
    -92.4676404
    Latitude
    45.4503224

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    FAQs

    What type of property is this?
    Office Property / Space - 8,000 SF Office Building, 100% Occupied
    Where is this office property / space located?
    The property is located at 941 Mallard Ln Balsam Lake, WI.
    What is the asking price?
    The asking price for this property is $1,428,419.
    What are key features of this property?
    This property features: Renovations underway; price subject to change upon completion.; Excellent investment opportunity.; Gross leases, averaging 26-month maturity (including options).
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    941 Mallard Ln Balsam Lake, WI 54810
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