Auto Shop with
For Sale
$374,900
1417 Martin Road, Bloomer, WI 54724
CommercialSale, Bloomer, WI
Property Size2,400 SF
Lot Size0.31 Acres
Price / SF$156.21
Days on Market14
Property Features for 1417 Martin Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Exterior features
Lighting
Elementary school district
Bloomer
Middle school district
Bloomer
High school district
Bloomer
Directions
Get on US-53 N in Altoona from WI-93 Trunk N. Follow US-53 N to WI-40 N in Bloomer. Take exit 110 from US-53N. Follow WI-40 N and 15th Ave to Martin Rd
Standard status
Active
APN
23009-0922-61410210
Size
2,400 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 09, T 30 N, R 09 W, KITCH'S ADDITION LOTS 10 & 11 THE S 1/2 BLK 2
Tax Annual Amount
1433
Legal Description
SEC 09, T 30 N, R 09 W, KITCH'S ADDITION LOTS 10 & 11 THE S 1/2 BLK 2
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air, Window Unit(s)
Water source
Public
Amenities
light pole
blacktop parking lot
brand-new furnace
Building Details
Year built
1980
Building materials
AluminumSiding, Steel
Listing Agency:
Elite Realty Group, LLC
(715) 830-1001
Listed By:
Mary Rufledt · License #55432-90
(715) 830-1001
Added: Aug 17
Changed: Aug 22
Last Checked: Aug 30 at 1:06AM
MLS# 1604230
Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,400-square-foot auto shop was built in 1980 and occupies a 0.31-acre commercial property. The building includes an auto lift, C-air compressor, camera and security system, light pole, and a blacktop parking area. The parking was paved in 2010 and recently sealed. A furnace installed in 2023 provides forced-air heat, while cooling includes central air and window units.
Located at 1417 Martin Road in Bloomer, Wisconsin, the property has public water and public sewer. Aluminum siding and steel are used in the construction, and the building includes a basement. The existing configuration and service equipment support automotive operations, including mechanic or small engine repair uses identified in the property information.
Located at 1417 Martin Road in Bloomer, Wisconsin, the property has public water and public sewer. Aluminum siding and steel are used in the construction, and the building includes a basement. The existing configuration and service equipment support automotive operations, including mechanic or small engine repair uses identified in the property information.
Key Highlights
- 2,400 SF auto shop on 0.31 acres
- Auto lift and C‑air compressor included
- Blacktop parking paved in 2010 and recently sealed
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,545
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$490,900
$490.9K
Cap Rate 7%
$350,643
$350.6K
Cap Rate 9%
$272,722
$272.7K
Market Conditions
NOI Build-Up for 2,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.0K $15.00/SF
− Vacancy
−$936 −$0.39/SF
EGI
$35.1K $14.61/SF
− OpEx
−$10.5K −$4.38/SF
NOI
$24.5K $10.23/SF
Area
Chippewa County, WI
Vacancy
2.60%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$490,900
Cap Rate 7%
$350,643
Cap Rate 9%
$272,722
Alternative Uses
Best Use
Industrial
$1.10M
$960.1K – $1.28M
NOI $76,809 @ 7.0% cap · market cap 20.49%
Second Best
Retail
$350.6K
$306.8K – $409.1K
NOI $24,545 @ 7.0% cap · market cap 6.55%
Theoretical Best
Warehouse
$1.33M
$1.17M – $1.55M
NOI $93,268 @ 7.0% cap · market cap 24.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
11k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Home Improvements & Furnishings 24%
Dollar Tree
Shops & Services
4,940 visits/mo
0.4 miles
Shadick's Ace Hardware
Home Improvements & Furnishings
2,575 visits/mo
0.4 miles
Associated Bank
Shops & Services
1,353 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
1,120 visits/mo
0.5 miles
Carquest Auto Parts
Shops & Services
770 visits/mo
0.4 miles
Demographics for 54724, WI
7,525
Population
3,129
Households
2.4
Avg Household Size
43
Median Age
25%
College-Educated
95%
High-School Grad
162.2 sq mi
ZIP Area
46
Density / Sq Mi
$71,121
Median Household Income
$41,017
Median Earnings
$787
Median Rent
$231,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Pederson Automotive LLC — 1730 Martin Rd, Bloomer, WI 54724
- Shadick's Sporting Goods and Hardware Ace Hardware — 1502 16th ave, bloomer, wi 54724
- Kelly's Car Care — 1020 15th Ave, Bloomer, WI 54724
- Bloomer Tire Center — 1407 Oak St, Bloomer, WI 54724
- Captain Hook Towing, L.L.C.
Frequently Asked Questions
What type of property is this?
Auto shop - Functional commercial building with service equipment, paved parking, and updated heating.
Where is this auto shop located?
The property is located at 1417 Martin Road Bloomer, WI.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: 2,400 SF auto shop on 0.31 acres; Auto lift and C‑air compressor included; Blacktop parking paved in 2010 and recently sealed
