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233 S 8th St 3,876 SF 50% Leased Office Building Medford, WI 54451 $379,900 ($98.01/SF) 10% Cap Rate

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EXECUTIVE SUMMARY

Cap rate is not accurate at 10%. Only 1 unit of building under lease agreement. Other unit is vacant. Each section is approx. 2000 Sq Ft. Current tenant pays $1690.00 per month, plus all utilities. (verbal lease agreement)

233 S8th Medford

233 8th floor plan

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$20,280	$5.23
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$20,280	$5.23
Taxes	$5,716	$1.47
Operating Expenses	-	-
Total Expenses	$5,716	$1.47
Net Operating Income	-	-

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$20,280
Annual Per SF	$5.23

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$20,280
Annual Per SF	$5.23

Taxes
Annual	$5,716
Annual Per SF	$1.47

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$5,716
Annual Per SF	$1.47

Net Operating Income
Annual	-
Annual Per SF	-

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Office

Building Size

3,876 SF

Building Class

Year Built

1975

Price

$379,900

Price Per SF

$98.01

Cap Rate

10%

NOI

$37,990

Percent Leased

50%

Tenancy

Multiple

Building Height

1 Story

Typical Floor Size

3,876 SF

Building FAR

0.16

Lot Size

0.57 AC

Zoning

Commercial - Building Class- B-Commercial Land Class- B-Commercial

Parking

25 Spaces (6.45 Spaces per 1,000 SF Leased)

MAJOR TENANTS

Fidelity Insurance Agency
Finance and Insurance
-
-
-

Professional, Scientific, and Technical Services
-
-
-

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