Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    501 Hewett St Neillsville, WI 54456
    Back to Search
    Property profile & analytics

    501 Hewett St, Neillsville, WI 54456

    View on Map
    • Commercial real estate
    • 0.18 lot acres
    For Sale
    $249,000
    View Listing →
    Class A Professional Building For Sale
    $249,000
    7,900 SF

    Class A Professional Building

    High-quality, versatile office building in Neillsville's business district.

    501 Hewett Street, Neillsville, WI 54456
    View Listing
    Property ID
    US92-2617509
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 501 Hewett St

    Lot size
    0.18 lot acres
    Property type
    Commercial real estate
    APN
    261.0993.994
    APU
    2610993994

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 6, 2026 — The Ville Sim Lounge LLC — Deed · related $65k · Simplicity Cu
    May 1, 2025 $249,000 Tk & J Management LLC Garden Valley Investments LLC Warranty Deed $249k · Simplicity Cu
    Sep 27, 2019 — Garden Valley Investments LLC — Deed · related $60k · Coop Cu

    Description

    This exceptional two-story commercial building, situated on a corner lot in downtown Neillsville, Wisconsin (501 Hewett St, 54456), offers 10,000 square feet of prime retail space. The property, zoned for commercial use, features a total of ten units across two stories within a single building. Currently housing two tenants with active, long-term leases, this investment opportunity boasts multiple income streams. The building includes over 20 office spaces, three kitchenette break rooms, and three conference rooms. Restrooms are conveniently located on both floors. Several units offer built-in shelving and sink facilities, ideal for a variety of uses. The building features a stunning lobby and waiting area, connected by a gorgeous stairwell. All mechanical systems are meticulously maintained, including a recently installed rubber roof. Additional amenities include ADA compliance, fiber optic internet access, an adjacent parking lot, secure swipe card entry, a maintenance room, and two air exchangers. Its location on Highway 73 in the historic 500 block of downtown Neillsville provides excellent visibility and accessibility. The versatile layout is suitable for various commercial ventures, including but not limited to: multi-tenant shopping center, dental or medical offices, insurance agency, real estate office, general business offices, or creative studios. This well-maintained property presents a strong investment opportunity with existing income generation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Neillsville
    County
    Clark
    State
    Wisconsin
    Longitude
    -90.596
    Latitude
    44.5601

    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
    $3,571
    $26,000
    $119,800
    $145,800
    -
    $0.00
    $0.00
    $178,400

    Comparable in this City

    • Value Estimation by Request
      5,600 SF

      W6346 State Hwy 95 Hwy

      Commercial real estate
      W6346 State Hwy 95 Hwy, Neillsville, WI 54456
      View Details
    • Value Estimation by Request
      0.43 Acres

      Neillsville, WI 54456

      COMMERCIAL (GENERAL)
      Neillsville, WI 54456
      View Details
    • Value Estimation by Request
      0.04 Acres

      141 6th St

      COMMERCIAL (GENERAL)
      141 6th St, Neillsville, WI 54456-1944
      View Details
    • Value Estimation by Request
      0.05 Acres

      122 6th St

      COMMERCIAL (GENERAL)
      122 6th St, Neillsville, WI 54456-1945
      View Details
    • Value Estimation by Request
      0.12 Acres

      648 Hewett St

      COMMERCIAL (GENERAL)
      648 Hewett St, Neillsville, WI 54456-1529
      View Details
    • Value Estimation by Request
      0.06 Acres

      551 Hewett St

      COMMERCIAL (GENERAL)
      551 Hewett St, Neillsville, WI 54456-1925
      View Details

    Similar Nearby for Sale

    • $109,900
      2,401 SF

      Prime Neillsville Commercial Building

      High-visibility corner lot, income potential.
      141 6Th St, Neillsville, WI 54456
      View Details
    • $125,000
      4,160 SF

      Prime Neillsville Commercial Space

      Highway 10 frontage, versatile building, $125,000
      1025 Division St, Neillsville, WI 54456
      View Details
    • $54,900
      1,064 SF

      Downtown Neillsville Commercial Building

      Prime Location, Versatile Space, Great Value
      607 Clay St, Neillsville, WI 54456
      View Details
    • Contact for pricing
      0.44 Acres

      Residential Land in Peaceful Neillsville

      Residential land for sale in a convenient Wisconsin location.
      18 Sand Ln, Neillsville, WI 54456
      View Details
    • Contact for pricing
      0.44 Acres

      Residential Land in Central Wisconsin

      Oversized building site in a peaceful Neillsville neighborhood.
      20 Sand Ln, Neillsville, WI 54456
      View Details
    • $89,900
      3.60 Acres

      Neillsville Land Opportunity

      3.6 acre building site with development potential in Neillsville.
      3.60 Acres Boon Blvd, Neillsville, WI 54456
      View Details
    View Listing
    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.
    501 Hewett St
    Neillsville, WI 54456
    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

    Thank You for Inquiry
    501 Hewett St, Neillsville, WI, 54456
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!