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    2328 N Hillcrest Pkwy Altoona, WI 54720

    • Commercial real estate
    • 4,455 SF
    • 0.32 lot acres
    For Sale
    View listing
    $295,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0173646
    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

    • Little School House. LLC / Daycare Center

    Property Details for 2328 N Hillcrest Pkwy

    Lot size
    0.32 lot acres
    Property size
    4,455 SF
    Property type
    Commercial real estate

    Description

    This exceptional 4,455 square foot commercial building is situated on a 0.32-acre lot at 2328 Hillcrest Parkway in Altoona, Wisconsin. Its prime location offers unparalleled visibility and accessibility, being conveniently positioned off Highway 12, a major thoroughfare ensuring high traffic volume. Currently operating as a successful daycare center, this property presents a unique investment opportunity for entrepreneurs seeking to enter the childcare industry or for those with alternative business plans. The building's substantial size provides ample space for a variety of commercial uses, allowing for flexibility and adaptation to suit diverse business needs. The existing daycare setup could easily be repurposed, or the space could be renovated to accommodate a different business model entirely. The property's strong location and existing infrastructure make it an attractive proposition for investors looking for a ready-to-go business or a blank canvas for their own venture. The asking price for this exceptional commercial property is $440,000. This represents a compelling investment opportunity in a thriving Wisconsin community. Serious inquiries are encouraged to explore the potential of this versatile and strategically located commercial building. Don't miss this chance to secure a valuable asset in a high-demand area.

    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
    Altoona
    County
    EAU CLAIRE
    State
    Wisconsin
    Longitude
    -91.44719
    Latitude
    44.79655

    Comparable in this City

    • $199,000
      Pending

      Mixed-Use Property on Highway 12

      Commercial zoned property with highway visibility and investment potential.
      311 Us Highway 12, Altoona, WI 54720
      View Details
    • $295,000
      0.32 Acres

      Altoona Commercial Property For Sale

      Commercial property in high-traffic area, previously a daycare center.
      2328 N Hillcrest Pkwy, Altoona, WI 54720
      View Details
    • $119,900
      0.38 Acres

      Altoona Land for Multifamily Building

      Land in Altoona, WI, suitable for a multifamily building.
      Richards Dr, Altoona, WI 54720
      View Details
    • $295,000
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      Hillcrest Greens Condo with Amenities

      Two-bedroom condo with modern finishes and community amenities.
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    • $35,000
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      New Garages in Altoona, WI

      New, insulated garages perfect for storage, workshop, or warehouse.
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    • $295,000
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      Altoona Commercial Property For Sale

      Commercial property in high-traffic area, previously a daycare center.
      2328 N Hillcrest Pkwy, Altoona, WI 54720
      View Details

    Similar Nearby for Sale

    • $199,000
      Pending

      Mixed-Use Property on Highway 12

      Commercial zoned property with highway visibility and investment potential.
      311 Us Highway 12, Altoona, WI 54720
      View Details
    • $295,000
      1,442 SF

      Hillcrest Greens Condo with Amenities

      Two-bedroom condo with modern finishes and community amenities.
      1364 Cypress Ct, Altoona, WI 54720
      View Details
    • $35,000
      600 SF

      New Garages in Altoona, WI

      New, insulated garages perfect for storage, workshop, or warehouse.
      2301 9-12, Altoona, WI 54720
      View Details
    • $295,000
      4,022 SF

      Altoona Commercial Property For Sale

      Commercial property in high-traffic area, previously a daycare center.
      2328 N Hillcrest Pkwy, Altoona, WI 54720
      View Details
    • $295,000
      0.32 Acres

      Altoona Commercial Property For Sale

      Commercial property in high-traffic area, previously a daycare center.
      2328 N Hillcrest Pkwy, Altoona, WI 54720
      View Details
    • $119,900
      0.38 Acres

      Altoona Land for Multifamily Building

      Land in Altoona, WI, suitable for a multifamily building.
      Richards Dr, Altoona, WI 54720
      View Details

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    Altoona, WI 54720
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    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
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