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    Property profile & analytics

    118 3Rd St Ashland, WI 54806

    • Commercial real estate
    For Sale
    View listing
    $1,199,000
    Value Estimation
    Location Intelligence
    Property ID
    US92-2849584
    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

    • Commercial real estate

    Property Details for 118 3Rd St

    Property type
    Commercial real estate
    APN
    201-01685-2000
    APU
    201016852000

    Description

    This exceptional 15,000-square-foot executive office space presents a unique sublease opportunity in Ashland County. Currently vacant and ready for immediate occupancy, the property offers a turnkey solution for businesses seeking a substantial and well-appointed workspace. The entire 15,000 square feet is available as a single-tenant space, ideal for a company requiring a large, contiguous footprint. The space is classified as both retail and office, offering flexibility in its potential use. The existing furniture is available, making this a true "plug-and-play" situation, minimizing the time and expense associated with setting up a new office. This significantly reduces the upfront investment required to establish operations. The sublease agreement expires on December 31, 2024, providing a defined timeframe for occupancy. This presents a compelling opportunity for a business seeking a short-term or transitional space, or a company looking to establish a strong presence in Ashland County before committing to a long-term lease. The property's size and configuration make it suitable for a variety of businesses, from corporate headquarters to large-scale professional practices. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The property is located in Ashland County, offering access to local amenities and a convenient business environment.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Ashland
    State
    Wisconsin
    Longitude
    -90.8814
    Latitude
    46.5906

    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
    2022
    $32,315
    $123,500
    $1,109,300
    $1,232,800
    -
    $144,868
    $1,301,232
    $1,446,100

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      15,000 SF

      Executive Office Space Available

      Ashland County, 15,000 SF, Sublease Opportunity
      118 3Rd St, Ashland, WI 54806
      View Details
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    Ashland, WI 54806
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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
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