Freestanding Auto Shop with Fenced
For Sale
$1,399,900
1610 W WISCONSIN Avenue, Appleton, WI 54914
Commercial Sale, APPLETON, WI
Property Size9,900 SF
Lot Size1.30 Acres
Price / SF$141.40
Days on Market197
Property Features for 1610 W WISCONSIN Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial / Business
Parking features
On Street
Elementary school district
Appleton Area
Middle school district
Appleton Area
High school district
Appleton Area
Directions
I-41 to Exit Hwy 96/Wisconsin Ave. North side, just past N. Douglas St
Standard status
Active
APN
31-5-9538-02
Lot size
1.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9201
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Varies by Unit (Heating)
Cooling system
Central Air
Water source
Public
Amenities
show room
walk up storage area
salt shed
3-phase power
14-foot overhead doors
Building Details
Year built
1948
Floors in Building
1
Building materials
Aluminum Siding, Block, Concrete, Glass, Steel Frame
Listing Agency:
Century 21 Affiliated · Century 21 Real Estate
(920) 733-7800
Listed By:
Keith D. Sippel · License #91937810
(920) 750-7374
Added: Feb 20
Changed: Sep 2
Last Checked: Sep 5 at 3:06AM
MLS# 50321692
Copyright © 2026 Realtor Association of Northeast 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 1.3-acre commercial property includes a 9,900-square-foot main floor with showroom space, a shop area, and walk-up storage. The approximately 4,800-square-foot shop contains 14-foot overhead doors, 3-phase power, a wash bay, and automotive lift infrastructure. A paint booth was previously installed. Exterior improvements include a concrete-fenced enclosure, secured yard, two powered gates, and a salt shed. Construction incorporates concrete, block, aluminum siding, glass, and a steel frame. The building dates to 1948 and has forced-air heating, central air, public water, and public sewer.
The property has frontage along three streets, including N. Wisconsin Avenue in Appleton. On-street parking is available, and the site is classified Commercial / Business. The combination of interior display space, enclosed shop functions, and a controlled outdoor area accommodates a range of automotive property configurations.
The property has frontage along three streets, including N. Wisconsin Avenue in Appleton. On-street parking is available, and the site is classified Commercial / Business. The combination of interior display space, enclosed shop functions, and a controlled outdoor area accommodates a range of automotive property configurations.
Key Highlights
- 1.3‑acre site with a 9,900‑square‑foot main floor
- Approximately 4,800‑square‑foot shop area with 14‑foot overhead doors
- 3‑phase power and wash bay included in the shop
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
$127,977
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
9.14%
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%
$2,559,540
$2.6M
Cap Rate 7%
$1,828,243
$1.8M
Cap Rate 9%
$1,421,967
$1.4M
Market Conditions
NOI Build-Up for 9,900 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
$187.7K $18.96/SF
− Vacancy
−$4.9K −$0.49/SF
EGI
$182.8K $18.47/SF
− OpEx
−$54.8K −$5.54/SF
NOI
$128.0K $12.93/SF
Area
Outagamie County, WI
Vacancy
2.60%
Lease Rate
$18.96 /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%
$2,559,540
Cap Rate 7%
$1,828,243
Cap Rate 9%
$1,421,967
Alternative Uses
Best Use
Retail
$1.83M
$1.60M – $2.13M
NOI $127,977 @ 7.0% cap · market cap 9.14%
Second Best
Industrial
$568.1K
$497.1K – $662.8K
NOI $39,769 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$2.73M
$2.39M – $3.18M
NOI $191,070 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Service bays
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54914, WI
31,082
Population
14,002
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
93%
High-School Grad
19.2 sq mi
ZIP Area
1,619
Density / Sq Mi
$77,199
Median Household Income
$42,481
Median Earnings
$936
Median Rent
$210,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - The property combines enclosed work and storage areas with secured vehicle access and commercial/business zoning.
Where is this auto shop located?
The property is located at 1610 W WISCONSIN Avenue Appleton, WI.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: 1.3‑acre site with a 9,900‑square‑foot main floor; Approximately 4,800‑square‑foot shop area with 14‑foot overhead doors; 3‑phase power and wash bay included in the shop
