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

    3031 Michigan Ave Stevens Point, WI 54481

    • Commercial real estate
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-3042727
    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

    • Speaker City Sound / Tech Support Center / Rental Equipment Company

    Property Details for 3031 Michigan Ave

    Lot size
    0.06 lot acres
    Property type
    Commercial real estate
    APN
    281-23-0804202029
    APU
    281230804202029

    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
    Stevens Point
    County
    Portage
    State
    Wisconsin
    Longitude
    -89.5634
    Latitude
    44.5067
    CBSA code
    44620
    CBSA name
    STEVENS POINT, 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
    $0.00
    $5,500
    $44,400
    $49,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.09 Acres

      1100 Pt Dr

      COMMERCIAL (GENERAL) • 1.09 Acres
      1100 Pt Dr, Stevens Point, WI 54481-1192
      View Details
    • Value Estimation by Request
      0.19 Acres

      108 1st N St

      COMMERCIAL (GENERAL) • 0.19 Acres
      108 1st N St, Stevens Point, WI 54481
      View Details
    • Value Estimation by Request
      0.01 Acres

      1342 2nd St

      COMMERCIAL (GENERAL) • 0.01 Acres
      1342 2nd St, Stevens Point, WI 54481-2613
      View Details
    • Value Estimation by Request
      0.66 Acres

      640 2nd N St, Unit 6

      COMMERCIAL (GENERAL) • 0.66 Acres
      640 2nd N St, Stevens Point, WI 54481-1065
      View Details
    • Value Estimation by Request
      2.00 Acres

      2640 Bush Ct

      COMMERCIAL (GENERAL) • 2.00 Acres
      2640 Bush Ct, Stevens Point, WI 54481-7617
      View Details
    • Value Estimation by Request
      0.28 Acres

      Centerpoint Dr

      COMMERCIAL (GENERAL) • 0.28 Acres
      Centerpoint Dr, Stevens Point, WI 54481
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18.00 Acres

      Stevens Point Commercial Land - 18 Acres

      Prime Commercial Land, Ready to Develop
      5278 County Road Hh, Stevens Point, WI 54481
      View Details
    • $849,000
      5.03 Acres

      Riverfront Residential Land, Stevens Point

      5 Acres, Business Zoning, River Views
      133 Clark St, Stevens Point, WI 54481
      View Details
    • $750,000
      15,500 SF

      Stevens Point Industrial Property

      15,500 SF Manufacturing Building, $750K
      2525 Dixon St, Stevens Point, WI 54481
      View Details
    • $1,300,000
      5,520 SF

      Stevens Point Commercial Building For Sale

      Prime location commercial building suitable for restaurant or retail.
      143 N Division St, Stevens Point, WI 54481
      View Details
    • $98,900
      9.89 Acres

      Land Parcel Near Stevens Point

      9.89 acre lots available minutes from Stevens Point, WI.
      1 County Road Ii, Stevens Point, WI 54481
      View Details
    • $220,000

      Stevens Point Duplex with Income

      Duplex with rental income and potential for owner-occupancy.
      2106-2108 Vermont Ave, Stevens Point, WI 54481
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      11,643 SF

      Stevens Point Office Space for Lease

      Modern Office Suite, Prime Location
      5741 Windy Dr, Stevens Point, WI 54481
      View Details
    • $8 SF/Yr
      62,096 SF

      Stevens Point Commercial Space

      Prime Church St. Retail/Office
      3260 Church St, Stevens Point, WI 54481
      View Details
    • $5 SF/Yr
      10,000 SF

      Stevens Point Industrial Space For Lease

      10,000 SF Flex Space, Highway Frontage
      5225 Heffron Ct, Stevens Point, WI 54481
      View Details
    • Contact for pricing
      5,995 SF

      Stevens Point Retail Space For Lease

      High-Visibility Retail Building, 57 Parking Spaces
      316 Division St, Stevens Point, WI 54481
      View Details
    • $16 SF/Yr
      1,800 SF

      Mixed-Use Building in Growing Area

      Retail and office suites with high visibility and traffic.
      1020 Centerpoint Dr, Stevens Point, WI 54481
      View Details
    • $16 SF/Yr
      12,048 SF

      Mixed-Use Building in Growing Area

      Retail and office suites in a rapidly growing downtown area.
      1060 Centerpoint Dr, Stevens Point, WI 54481
      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.
    3031 Michigan Ave
    Stevens Point, WI 54481
    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.