Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    616 Wi-54 Black River Falls, WI 54615

    • Land
    • 0.28 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 616 Wi-54

    Lot size
    0.28 lot acres
    Property type
    Land

    Description

    This exceptional 0.28-acre commercial land parcel presents a unique opportunity in Black River Falls, Wisconsin. Ideally situated at 616 WI-54, this property boasts a prime location surrounded by thriving residential neighborhoods and a diverse range of established businesses. Its strategic proximity to Theisen's Home Farm & Auto provides excellent visibility and accessibility. Furthermore, the property enjoys convenient access to Interstate 94, within a 5-minute radius, ensuring seamless connectivity for businesses and their clientele. The surrounding area is bustling with activity, featuring prominent businesses such as Walmart Supercenter, D&S Manufacturing, Boss Truck Stop, Comfort Inn & Suites, SureStay Plus by Best Western Black River Falls, Parkland Village Campgrounds, and Black River State Park. This makes it an attractive location for a variety of commercial ventures. The land is available for build-to-suit development, offering flexibility to tailor construction to specific business needs. This is an exceptional opportunity to establish a presence in a vibrant and growing community. The property is located in Jackson County, Wisconsin, with a zip code of 54615. The coordinates are 44.2959424 latitude and -90.8341041 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Black River Falls
    County
    Jackson
    State
    Wisconsin
    Longitude
    -90.8341
    Latitude
    44.2959

    Comparable in this City

    • Value Estimation by Request
      17.73 Acres

      Mckinley St

      Land • 17.73 Acres
      0 Mckinley St, Black River Falls, WI 54615
      View Details
    • Value Estimation by Request
      0.28 Acres

      616 Wi-54

      Land • 0.28 Acres
      616 Wi-54, Black River Falls, WI 54615
      View Details
    • Value Estimation by Request
      3,764 SF

      N6625 County Road A

      Land • 3,764 SF
      N6625 County Road A, Black River Falls, WI 54615
      View Details
    • Value Estimation by Request
      1.64 Acres

      308 Mckinley St

      Land • 1.64 Acres
      308 Mckinley St, Black River Falls, WI 54615
      View Details
    • Value Estimation by Request

      W10005 Wi-54

      Flex space
      W10005 Wi-54, Black River Falls, WI 54615
      View Details
    • Value Estimation by Request
      5.45 Acres

      Black River

      COMMERCIAL (GENERAL) • 5.45 Acres
      Black River, Falls, WI 54615
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.28 Acres

      Black River Falls Commercial Land

      0.28-acre lot, prime location, build-to-suit.
      616 Wi-54, Black River Falls, WI 54615
      View Details
    • $650,000
      3,764 SF

      Prime Commercial Land, Black River Falls

      3-Acre Corner Lot, High Visibility, $650,000
      N6625 County Rd, Black River Falls, WI 54615
      View Details
    • $229,000
      2,521 SF

      Black River Falls Commercial Land

      Prime Location, Versatile Space, $229,000
      437 Water St, Black River Falls, WI 54615
      View Details
    • $1,392,000
      17.73 Acres

      Prime Commercial Land, Black River Falls

      17.73 Acres, Divisible, High Visibility
      0 Mckinley St, Black River Falls, WI 54615
      View Details
    • $47,900
      1,122 SF

      Downtown Black River Falls Land

      Historic Commercial Land, 1,122 sq ft
      15 2Nd St, Black River Falls, WI 54615
      View Details
    • $595,000

      Black River Falls Commercial Property

      Versatile Flex Space, 11+ Acres
      W10005 Wi-54, Black River Falls, WI 54615
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Black River Falls Commercial Land

      0.28-Acre Commercial Lot For Lease
      616 Wi-54, Black River Falls, WI 54615
      View Details
    • $770 /Mo
      695 SF

      Versatile Office Space For Lease

      695 sq ft office space suitable for various businesses.
      206 S Roosevelt Rd, Black River Falls, WI 54615
      View Details
    • $825 /Mo
      750 SF

      Versatile Office Space For Lease

      750 sq ft office space suitable for various businesses.
      206 S Roosevelt Rd, Black River Falls, WI 54615
      View Details
    • $300 /Mo
      225 SF

      Versatile Office Space For Lease

      225 sq ft office space suitable for various businesses.
      206 S Roosevelt Rd, Black River Falls, WI 54615
      View Details
    • $650 /Mo
      350 SF

      Versatile Office Space For Lease

      650 sq ft office space suitable for various business types.
      206 S Roosevelt Rd, Black River Falls, WI 54615
      View Details
    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.
    616 Wi-54
    Black River Falls, WI 54615
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!