Remodeled Commercial Property in
For Sale
$448,888
1015 8th St, Baraboo, WI 53913
Two-parcel commercial property with remodeled building and great potential.
Property Size3,000 SF
Price / SF$149.63
Days on Market214
Property Features for 1015 8th St
General Information
Standard status
Active
Size
3,000 SF
Taxes and HOA fees
Annual Taxes
$8,065
Listing Agency:
Restaino & Associates
(608) 824-7777
Listed By:
Bob DeMars · License #7750694
(608) 963-6507
Source:
Exprealty
Added: Mar 11
Changed: Oct 8
Last Checked: Oct 9 at 11:08PM
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 Restaino & Associates
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 / Yr
$39,447
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$788,940
$788.9K
Cap Rate 7%
$563,529
$563.5K
Cap Rate 9%
$438,300
$438.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$54.0K $18.00/SF
− Vacancy
−$1.4K −$0.47/SF
EGI
$52.6K $17.53/SF
− OpEx
−$13.1K −$4.38/SF
NOI
$39.4K $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 Rate 5%
$788,940
Cap Rate 7%
$563,529
Cap Rate 9%
$438,300
Alternative Uses
Best Use
Specialty Retail
$563.5K
$493.1K – $657.5K
NOI $39,447 @ 7.0% cap · market cap 8.79%
Second Best
Retail
$432.0K
$378.0K – $504.0K
NOI $30,240 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$607.3K
$531.4K – $708.5K
NOI $42,509 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
416
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
0.4 miles
BP
Shops & Services
8,650 visits/mo
0.1 miles
BMO Harris Bank
Shops & Services
1,392 visits/mo
0.2 miles
Take 5 Oil Change
Shops & Services
813 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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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 St Baraboo, WI.
What is the asking price?
The asking price for this property is $448,888.
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.
