Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    498 Maratech Ave Marathon City, WI 54448

    • Industrial properties
    • 5.65 lot acres
    For Sale
    View listing
    $6,950,000
    Last Sale
    Nov 06, 2020
    $2,699,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0935359
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Northview Window & Door / General Contractor / Window Supplier

    Property Details for 498 Maratech Ave

    Lot size
    5.65 lot acres
    Property type
    Industrial properties
    APN
    151-2806-061-0970
    APU
    15128060610970

    Description

    This exceptional 70,208-square-foot industrial property, located at 498 Maratech Ave in Marathon City, Wisconsin, presents a unique investment opportunity. Built in 2005, this single-tenant facility sits on a 5.65-acre lot and is zoned for Business Park use, offering significant flexibility. The building features seven loading docks, two ground-level doors, and a dedicated office/reception entrance, providing ample access and functionality. The interior boasts a spacious, open layout ideal for various manufacturing processes, complemented by existing office, reception, and break areas. The property also includes approximately 1.6 acres of exterior yard space, perfect for storage or future expansion. Its convenient location offers easy access to Highway 29 and is just minutes from Wausau, providing excellent transportation links and proximity to a larger workforce pool. The building is equipped with a sprinkler system, enhancing safety and security. This versatile space is well-suited for a variety of manufacturing, warehousing, distribution, or flex uses, making it an attractive option for businesses seeking a modern and efficient facility in a strategic location. The property's size, amenities, and location combine to create a compelling opportunity for businesses seeking to establish or expand their operations in central Wisconsin. The zip code is 54448.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,965,000
      ML approach
      $2,810,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Marathon
    County
    Marathon
    State
    Wisconsin
    Longitude
    -89.8319
    Latitude
    44.942
    CBSA code
    48140
    CBSA name
    WAUSAU-WESTON, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $52,542
    $106,000
    $2,127,200
    $2,233,200
    -
    $141,300
    $2,835,606
    $2,976,906

    Comparable in this City

    • Value Estimation by Request
      1.12 Acres

      101 Hickory St

      INDUSTRIAL (GENERAL) • 1.12 Acres
      101 Hickory St, Marathon, WI 54448
      View Details
    • Value Estimation by Request
      15.00 Acres

      550 Maratech Ave

      INDUSTRIAL (GENERAL) • 15.00 Acres
      550 Maratech Ave, Marathon, WI 54448-9000
      View Details
    • Value Estimation by Request
      1.06 Acres

      Marathon, WI 54448

      INDUSTRIAL (GENERAL) • 1.06 Acres
      Marathon, WI 54448
      View Details
    • Value Estimation by Request
      100.80 Acres

      228975 Granite Fls Trl

      INDUSTRIAL (GENERAL) • 100.80 Acres
      228975 Granite Fls Trl, Marathon, WI 54448-3403
      View Details
    • Value Estimation by Request
      0.42 Acres

      210 1st St

      INDUSTRIAL (GENERAL) • 0.42 Acres
      210 1st St, Marathon, WI 54448
      View Details
    • Value Estimation by Request
      15.61 Acres

      Marathon, WI 54448

      INDUSTRIAL (GENERAL) • 15.61 Acres
      Marathon, WI 54448
      View Details

    Similar Nearby for Sale

    • $6,950,000
      70,208 SF

      498 Maratech Avenue

      Manufacturing properties • 70,208 SF
      498 Maratech Ave, Marathon City, WI 54448
      View Details
    • $585,000
      6,080 SF

      Marathon Commercial Building - $585,000

      6,080 sq ft commercial/industrial space. Prime location.
      711 3Rd St, Marathon, WI 54448
      View Details
    • $445,000
      4,450 SF

      Restaurant and Apartment Building For Sale

      Well-known restaurant and apartment building in Marathon, Wisconsin.
      304 Main St, Marathon, WI 54448
      View Details
    • $479,900
      6,080 SF

      Commercial/Industrial Building in Marathon, WI

      Turn-key 6,080 sq ft commercial/industrial building for sale.
      711 3Rd St, Marathon, WI 54448
      View Details
    • $50,000
      1.08 Acres

      Vacant Corner Lot in Marathon

      1.078-acre vacant corner lot with development potential in Marathon, WI.
      1.08 Acres Cattail Ave, Marathon, WI 54448
      View Details
    • $6,950,000
      70,208 SF

      Marathon Industrial HQ Opportunity

      Spacious facility, prime location, excellent access.
      498 Maratech Ave, Marathon, WI 54448
      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.
    498 Maratech Ave
    Marathon City, WI 54448
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.