Turn-Key Auto-Body
For Sale
$1,250,000
1206 WASHINGTON RD, Kenosha, WI 53140
Auto-body shop offering indoor and outdoor parking and completed building upgrades.
Property Size9,600 SF
Price / SF$130.21
Days on Market413
Property Features for 1206 WASHINGTON RD
General Information
Standard status
Active
Size
9,600 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$11,139
Amenities
Central Air
3
Metal
M-1
1 Parking Spaces.
0.5 to .99
Building Details
Year Built
1960
Listing Agency:
Prime Realty Group
(262) 657-7330
Listed By:
Christopher Grabot · License #7208594
(262) 496-1350
Source:
Xome
Added: Jul 21, 2025
Changed: Sep 1
Last Checked: Sep 6 at 5:25AM
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 Prime Realty Group
Investment Insights
Based on property information with market context.
This auto-body shop has operated for nearly 40 years and is being offered as a turnkey business opportunity, including the business, goodwill, and an extensive customer list described in the listing. The property includes completed building upgrades and updates, positioning it for continued operation with minimal changes needed to get started.
The site provides plenty of indoor and outdoor parking to support daily workflows and customer access. The building and grounds are presented as move-ready for a qualified buyer at 1206 Washington Rd in Kenosha, WI.
The site provides plenty of indoor and outdoor parking to support daily workflows and customer access. The building and grounds are presented as move-ready for a qualified buyer at 1206 Washington Rd in Kenosha, WI.
Key Highlights
- Auto‑body shop business for sale, including goodwill and an extensive customer list
- Completed building upgrades and updates throughout the property
- Plenty of indoor and outdoor parking for customers and staff
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
$113,944
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
9.12%
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%
$2,278,880
$2.3M
Cap Rate 7%
$1,627,771
$1.6M
Cap Rate 9%
$1,266,044
$1.3M
Market Conditions
NOI Build-Up for 9,600 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
$172.8K $18.00/SF
− Vacancy
−$10.0K −$1.04/SF
EGI
$162.8K $16.96/SF
− OpEx
−$48.8K −$5.09/SF
NOI
$113.9K $11.87/SF
Area
Kenosha County, WI
Vacancy
5.80%
Lease Rate
$18.00 /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%
$2,278,880
Cap Rate 7%
$1,627,771
Cap Rate 9%
$1,266,044
Alternative Uses
Best Use
Industrial
$9.20M
$8.05M – $10.74M
NOI $644,297 @ 7.0% cap · market cap 51.54%
Second Best
Retail
$1.63M
$1.42M – $1.90M
NOI $113,944 @ 7.0% cap · market cap 9.12%
Theoretical Best
Warehouse
$11.18M
$9.78M – $13.04M
NOI $782,361 @ 7.0% cap · market cap 62.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53140, WI
30,571
Population
14,065
Households
2.2
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
7.9 sq mi
ZIP Area
3,870
Density / Sq Mi
$56,803
Median Household Income
$34,154
Median Earnings
$1,018
Median Rent
$191,400
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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- Firehouse Auto — 4502 22nd Ave, Kenosha, WI 53140
- Auto Medix — 4500 Sheridan Rd, Kenosha, WI 53140
Frequently Asked Questions
What type of property is this?
Auto shop - Auto-body shop offering indoor and outdoor parking and completed building upgrades.
Where is this auto shop located?
The property is located at 1206 WASHINGTON RD Kenosha, WI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Auto‑body shop business for sale, including goodwill and an extensive customer list; Completed building upgrades and updates throughout the property; Plenty of indoor and outdoor parking for customers and staff
