Remodeled Commercial Property in
For Sale
Contact for pricing
1015 8th, Baraboo, WI 53913
Two-parcel commercial property with remodeled building and great potential.
Property Size2,700 SF
Price / SF$203.29
Days on Market154
Property Features for 1015 8th
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Retail, Office, Land, Special Purpose
Building Details
Year Built
1960
Units
1
Listing Agency:
First Weber Inc
(608) 824-7777
Listed By:
Bob DeMars · License #77506-94
Source:
Crexi
Added: Mar 11
Changed: Aug 7
Last Checked: Aug 10 at 12:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Weber Inc
Investment Insights
Based on property information with market context.
This commercial property consists of two parcels, specifically CSM# 4465 lot 1 and CSM# 4465 lot 2, situated in the growing municipality and Sauk County Seat of Baraboo. The property features a completely remodeled building offering almost 3000 sq. ft. of workable space. With its commercial zoning, the property presents numerous opportunities for various ventures. For over 60 years, this property operated as a vibrant carwash, but has since been transformed into a property with great potential. This property can serve in all capacities for those thinking of venturing out into a new business or expanding a current one.
Key Highlights
- Two commercial lots (CSM# 4465 lot 1 and CSM# 4465 lot 2) in Baraboo.
- Completely remodeled building with many features and opportunities.**
- Approximately 3000 sq. ft. of workable space.
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
$35,502
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
6.47%
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%
$710,040
$710.0K
Cap Rate 7%
$507,171
$507.2K
Cap Rate 9%
$394,467
$394.5K
Market Conditions
NOI Build-Up for 2,700 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
$48.6K $18.00/SF
− Vacancy
−$1.3K −$0.47/SF
EGI
$47.3K $17.53/SF
− OpEx
−$11.8K −$4.38/SF
NOI
$35.5K $13.15/SF
Area
Sauk County, WI
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$710,040
Cap Rate 7%
$507,171
Cap Rate 9%
$394,467
Alternative Uses
Best Use
Specialty Retail
$507.2K
$443.8K – $591.7K
NOI $35,502 @ 7.0% cap · market cap 6.47%
Second Best
Retail
$388.8K
$340.2K – $453.6K
NOI $27,216 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$546.5K
$478.2K – $637.6K
NOI $38,258 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kwik Trip
Shops & Services
17,013 visits/mo
0.2 miles
BP
Shops & Services
8,650 visits/mo
0.1 miles
BMO Harris Bank
Shops & Services
1,392 visits/mo
0.4 miles
Take 5 Oil Change
Shops & Services
813 visits/mo
0.0 miles
Demographics for 53913, WI
21,046
Population
10,444
Households
2
Avg Household Size
41
Median Age
26%
College-Educated
94%
High-School Grad
138.9 sq mi
ZIP Area
152
Density / Sq Mi
$73,856
Median Household Income
$44,261
Median Earnings
$951
Median Rent
$214,500
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.
Frequently Asked Questions
What type of property is this?
Car wash - Two-parcel commercial property with remodeled building and great potential.
Where is this car wash located?
The property is located at 1015 8th Baraboo, WI.
What is the asking price?
The asking price for this property is $548,888.
What are key features of this property?
This property features: Two commercial lots (CSM# 4465 lot 1 and CSM# 4465 lot 2) in Baraboo.; Completely remodeled building with many features and opportunities.**; Approximately 3000 sq. ft. of workable space.
