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

    222 S Central Ave Marshfield, WI 54449

    • Commercial real estate
    • 0.21 lot acres
    For Sale
    View listing
    $695,000
    Last Sale
    May 04, 2022
    $1,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-2794406
    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

    • Main Street Marshfield / Non-Profit Organization / Association / Organization
    • HQ / Corporate Office

    Property Details for 222 S Central Ave

    Lot size
    0.21 lot acres
    Property type
    Commercial real estate
    APN
    3300147
    APU
    3300147

    Description

    This exceptional Marshfield commercial property, located at 222 S Central Avenue, offers 20,000 square feet of warehouse and retail space, ideal for multiple tenants. The building, constructed in 1887, features a minimum divisible space of 2,587 square feet and a maximum contiguous space of 14,370 square feet. Currently, 19,803 square feet are vacant, presenting a significant opportunity for businesses seeking expansion or relocation. The property boasts 200 AMP power and is zoned for commercial use. Its APN is 3300147. Three spaces are currently available for lease, offering flexibility for various business needs. The property's central location provides easy access to local amenities, including coffee shops, restaurants, banks, a bakery, and Wenzel Plaza, enhancing employee convenience and morale. The building is classified as both retail and industrial, catering to a diverse range of potential tenants. This is a rare opportunity to secure a substantial and well-located commercial space in the heart of Marshfield.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $950,000
      ML approach
      $950,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshfield
    County
    Wood
    State
    Wisconsin
    Longitude
    -90.175
    Latitude
    44.6656
    CBSA code
    49220
    CBSA name
    WISCONSIN RAPIDS-MARSHFIELD, WI MICROPOLITAN 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
    $15,079
    $69,600
    $837,600
    $907,200
    -
    $0.00
    $0.00
    $898,900

    Comparable in this City

    • Value Estimation by Request
      3,330 SF

      252 Central Ave Unit

      Commercial real estate • 3,330 SF
      252 Central Ave Unit, Marshfield, WI 54449
      View Details
    • Value Estimation by Request
      7,200 SF

      203 Upham St

      Commercial real estate • 7,200 SF
      203 Upham St, Marshfield, WI 54449
      View Details
    • Value Estimation by Request
      8,807 SF

      401-405 Central Ave

      Commercial real estate • 8,807 SF
      401-405 Central Ave, Marshfield, WI 54449
      View Details
    • Value Estimation by Request
      2,603 SF

      113 6Th St

      Commercial real estate • 2,603 SF
      113 6Th St, Marshfield, WI 54449
      View Details
    • Value Estimation by Request
      1,954 SF

      705 Central Ave

      Commercial real estate • 1,954 SF
      705 Central Ave, Marshfield, WI 54449
      View Details
    • Value Estimation by Request
      1.87 Acres

      1101 Central Ave

      COMMERCIAL (GENERAL) • 1.87 Acres
      1101 Central Ave, Marshfield, WI 54449-1504
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,500 SF

      Marshfield Commercial Space For Lease

      Large Commercial Space - High Traffic Area
      601 Central Ave, Marshfield, WI 54449
      View Details
    • $530,000
      6,000 SF

      Marshfield Industrial Airpark Property

      6,000 SF Commercial Building, 1.65 Acres
      213 Air Park Rd, Marshfield, WI 54449
      View Details
    • $209,500
      3,984 SF

      Prime Marshfield Warehouse Trio

      Three-unit warehouse, high visibility, strong rental income.
      1301-1305 Central Ave, Marshfield, WI 54449
      View Details
    • $225,000

      Established Marshfield Business for Sale

      Turnkey Business, Excellent Reputation, High Growth Potential
      00 Business Opportunity, Marshfield, WI 54449
      View Details
    • $324,900
      2,108 SF

      Historic Marshfield Commercial Building

      Prime location, renovated depot, endless potential.
      112 Veterans Pkwy, Marshfield, WI 54449
      View Details
    • $725,000
      49,397 SF

      Prime Marshfield Commercial Site

      High-traffic location, excellent visibility.
      1715 Central Ave, Marshfield, WI 54449
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      983 SF

      Marshfield Retail Space For Lease

      Prime Retail Space, 983 sq ft, Available Now
      913 Central Ave, Marshfield, WI 54449
      View Details
    • $15 SF/Yr
      12,314 SF

      Marshfield Business Center Opportunity

      Modern Office Suites Available in Marshfield, WI
      603 Central Ave, Marshfield, WI 54449
      View Details
    • $7 SF/Yr
      26,722 SF

      Prime Marshfield Office Space

      26,722 sq ft Office Building in WI
      1306 Central Ave, Marshfield, WI 54449
      View Details
    • Contact for pricing
      983 SF

      Retail Space Available For Rent

      Retail space available for rent, build-out is negotiable.
      911-915 N Central Ave, Marshfield, WI 54449
      View Details
    • Contact for pricing

      Downtown Office Building with Vault

      Downtown office building featuring private offices, conference rooms, and vault.
      214 W 2Nd St, Marshfield, WI 54449
      View Details
    • $12 SF/Yr
      23,991 SF

      Founders Square Medical Office Space

      Marshfield, WI medical office suites available.
      146 Central Ave, Marshfield, WI 54449
      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.
    222 S Central Ave
    Marshfield, WI 54449
    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.