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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    212 Airport Rd Viroqua, WI 54665-1166

    • Commercial real estate
    OFF-MARKET
    Last Sale
    Aug 10, 2022
    $160,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-2091231
    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

    • Faith Technologies / Church
    • Lou Mindar - State Farm Insurance Agent / Insurance Agency

    Property Details for 212 Airport Rd

    Property type
    Commercial real estate
    APN
    286-01365-0006
    APU
    286013650006

    Description

    This exceptional commercial property at 212 Airport Road Unit A, Viroqua, WI, presents a fantastic opportunity for immediate occupancy. Located on Viroqua's desirable north side, this 2,600 square foot building sits on a one-acre lot and offers approximately 1,000 square feet of adaptable space, perfect for a variety of uses. The property features a shared main entrance leading to a private waiting area complete with a built-in reception counter, providing a professional and welcoming atmosphere for clients. The entire west side of the building is available for lease, encompassing three private rooms and a restroom, offering ample space for individual offices, meeting areas, or specialized business needs. The flexible layout allows for customization to suit diverse business models, from traditional office spaces to retail establishments or even wellness-focused businesses such as yoga or meditation studios. Ample parking is available, ensuring convenient access for both employees and customers. The asking price for this ready-to-occupy space is $12,000. This property is an excellent investment for businesses seeking a well-located, versatile, and immediately available commercial space in a thriving community. Don't miss this chance to establish your business in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Viroqua
    County
    Vernon
    State
    Wisconsin
    Longitude
    -90.8906
    Latitude
    43.5756

    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
    $3,730
    $26,000
    $144,400
    $170,400
    -
    $0.00
    $0.00
    $211,500

    Comparable in this City

    • Value Estimation by Request
      0.45 Acres

      Meadows Subdivision Lot 15 Xing

      Land • 0.45 Acres
      Meadows Subdivision Lot 15 Xing, Viroqua, WI 54665
      View Details
    • Value Estimation by Request

      Viroqua, WI 54665

      COMMERCIAL (GENERAL)
      Viroqua, WI 54665
      View Details
    • Value Estimation by Request
      0.92 Acres

      Viroqua, WI 54665

      COMMERCIAL (GENERAL) • 0.92 Acres
      Viroqua, WI 54665
      View Details
    • Value Estimation by Request
      11.70 Acres

      8855th County Rd Y Y

      COMMERCIAL (GENERAL) • 11.70 Acres
      8855th County Rd Y Y, Viroqua, WI 54665-8132
      View Details
    • Value Estimation by Request

      633 Decker St

      COMMERCIAL (GENERAL)
      633 Decker St, Viroqua, WI 54665-1710
      View Details
    • Value Estimation by Request

      803 Main St

      COMMERCIAL (GENERAL)
      803 Main St, Viroqua, WI 54665
      View Details

    Similar Nearby for Sale

    • $48,900
      0.56 Acres

      Viroqua Commercial Land Parcel

      Golf course adjacent commercial lot
      31 Crossing Meadows Dr, Viroqua, WI 54665
      View Details
    • $269,000
      2,880 SF

      Viroqua Commercial Building - Great Potential

      2,880 sq ft, prime location, flexible use.
      110 Fs Dr, Viroqua, WI 54665
      View Details
    • $54,900
      0.43 Acres

      Golf Course Lot: Build Your Dream Home

      Viroqua, WI commercial lot, golf course access.
      28 Crossing Meadows Dr, Viroqua, WI 54665
      View Details
    • $45,900
      0.45 Acres

      Viroqua Golf Course Lot

      Build Your Dream Home, Golf Access
      42 Crossing Meadows Dr, Viroqua, WI 54665
      View Details
    • $229,000
      960 SF

      Viroqua Commercial Building & Orchard

      960 sq ft building, .8-acre lot, great potential.
      703 Railroad Ave, Viroqua, WI 54665
      View Details
    • $48,900
      0.45 Acres

      Viroqua Land: Build Your Dream Home

      0.45-acre lot, prime location.
      15 Crossing Meadows Dr, Viroqua, WI 54665
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      6,000 SF

      Retail Center on Highway 14

      Multi-tenant retail center with frontage on Highway 14.
      14 Hwy, Viroqua, WI 54665
      View Details
    • $25 SF/Yr
      2,000 SF

      Retail Space on Highway 14

      Multi-tenant retail center with frontage on Highway 14.
      1007 N Main St, Viroqua, WI 54665
      View Details
    • $14,790 /Mo

      Viroqua Commercial Space with Patio

      New commercial space in Viroqua with prime street visibility.
      602 N Main St, Viroqua, WI 54665
      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.
    212 Airport Rd
    Viroqua, WI 54665-1166
    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.