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    Auto Body Collision Repair Shop Title is generated by Realmo AI

    590 Commercial Avenue, Waterloo, WI 53594

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    For Sale
    $500,000

    Automotive,Service - Waterloo, WI

    Added:
    May 28, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 6 at 4:06 am

    Property Features for 590 Commercial Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking features
    Paved or Surfaced
    Security features
    Security System
    Interior features
    Overhead doors, Private Restrooms, Less than 440 volt, 3 phase electric, Security system
    Exterior features
    Truck dr(s) 15ft or lower
    Standard status
    Active
    APN
    290-0813-0542-011

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3043

    Utilities

    Utilities
    Electricity Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2008
    Floors in Building
    1
    Number of units
    1
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Jill Oelke
    Jill Oelke

    Listing agent Jill Oelke

    Listing office Century 21 Affiliated 695 S Grand Ave Ste 205, Madison, WI

    Listing date May 28, 2026

    MLS# 2024348 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Well‑maintained auto body collision repair and paint shop.
    • Located in Waterloo's Industrial Park with high traffic and excellent visibility.
    • Includes paint booth, office, and restroom.
    • Ample parking: 4 marked spaces plus additional side parking.
    • Equipped with overhead doors, 3‑phase electric, and security system.
    • Built in 2008 with metal roof, forced air heating, and central air cooling.

    Overview

    This well-maintained auto body collision repair and paint shop is set up for day-to-day refinishing work, with an on-site paint booth and dedicated office and restroom space. The property also includes four marked parking boxes, with additional room along the side of the building that may support extra parking needs.

    The shop is located in Waterloo’s Industrial Park, described as a high-traffic area with excellent visibility, which can support walk-in demand and customer awareness for service-based tenants or owner-operators. The seller notes that a list of inclusions is available in associated documents, and an NDA is required prior to receiving financial information.

    For buyers seeking an established facility for collision repair and paint services, the existing improvements can help streamline the transition into an operating business. The combination of on-site administrative space, restroom facilities, and a dedicated paint booth makes the property well-suited for an owner-operator, an automotive service group looking to expand, or an investor evaluating an automotive service asset with functional infrastructure already in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Don's Auto Body ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Don's Auto Body & Paint — 590 Commercial Ave, Waterloo, WI 53594
    • K & B Auto Services Inc — 606 E Madison St, Waterloo, WI 53594
    • Sauer's Engine Shop — 320 Portland Rd, Waterloo, WI 53594
    • Beyond Driven Customs — 328 Portland Rd, Waterloo, WI 53594

    Location Insight

    • Map
    • Local Demand
    City
    Waterloo
    County
    Jefferson
    State
    Wisconsin
    Longitude
    -88.977469
    Latitude
    43.189723

    FAQs

    What type of property is this?
    Auto shop - Well-maintained shop with office, restroom, paint booth, and marked parking—built for collision repair and refinishing operations.
    Where is this auto shop located?
    The property is located at 590 Commercial Avenue Waterloo, WI.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Well‑maintained auto body collision repair and paint shop.; Located in Waterloo's Industrial Park with high traffic and excellent visibility.; Includes paint booth, office, and restroom.
    (608) 575-4933
    We can help!
    Listing Contact
    Jill Oelke
    Jill Oelke
    Request Owner's contact information
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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.

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