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    505 King St, Unit 242 La Crosse, WI 54601
    Property profile & analytics

    505 King St, Unit 242, La Crosse, WI 54601

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    • Office buildings
    • 0.70 lot acres
    For Sale
    $1,535,000
    View Listing →
    Downtown Office Space Available For Sale
    $1,535,000
    0.70 Acres

    Downtown Office Space Available

    Affordable office space in downtown La Crosse. Three months free!

    505 King St Ste 128, La Crosse, WI 54601
    View Listing
    Property ID
    US92-0825007
    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

    • Rivers Family Therapy Center / Family Counselor
    • Hale Skemp / Corporate Office
    • Home Instead / Home Health Care Service
    • One Opportunity Hiring / Employment Agency
    • Corazon Dance Academy LLC / Training Center

    Property Details for 505 King St

    Lot size
    0.70 lot acres
    Property type
    Office buildings
    APN
    017-020036-030
    APU
    17020036030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 25, 2021 $1,500,000 I&b LLC King On Fifth LLC Warranty Deed $1.2M · Northwestern Bank
    Mar 3, 2009 $2,900,000 King On Fifth LLC B & B Properties Of La Crosse LLC Warranty Deed $2.9M · Merchants Bank NA
    Aug 9, 2007 $3,280,500 B&b Properties Of La Crosse LLC Donald P Zietlow Warranty Deed $2.6M · Merchants Bank NA
    Jun 29, 2007 — Donald P Zietlow Zs&h Partnership Quit Claim Deed · related —

    Description

    This exceptional La Crosse, Wisconsin commercial property, located at 505 King Street, offers a unique blend of office and warehouse space. The three-story building, constructed in 1947, boasts a total of 23,083 square feet situated on a 0.7-acre lot. Currently, there are multiple tenants, with approximately 1,100 square feet of vacant space available. The available office space ranges from 600 to 4,659 square feet, providing flexibility for various business needs. The building is zoned commercial and features ceiling heights ranging from 8 to 10 feet, ideal for both office and storage applications. The property's location in La Crosse's downtown area offers excellent visibility and accessibility. The property's APN is 017020036030, and it is located in La Crosse County, Wisconsin, zip code 54601. This property presents a compelling opportunity for businesses seeking a versatile and well-located space. The minimum lease term is three years. This is a prime opportunity to establish a presence in a thriving downtown La Crosse location. The property's combination of office and warehouse space makes it suitable for a wide range of businesses. The available space offers a chance to customize the layout to meet specific operational requirements. The building's solid construction and established location provide a stable and attractive investment. Interested parties should inquire about available space and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,565,000
      ML approach
      $1,575,000

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

    Location Insight

    • Map
    • Local Demand
    City
    La Crosse
    County
    La Crosse
    State
    Wisconsin
    Longitude
    -91.2497
    Latitude
    43.8104
    CBSA code
    29100
    CBSA name
    LA CROSSE, WI-MN METROPOLITAN 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
    $35,727
    $371,700
    $1,358,800
    $1,730,500
    -
    $371,700
    $1,358,800
    $1,730,500

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    View Listing
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    La Crosse, WI 54601
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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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