Established Auto Service Repair
For Sale
Contact for pricing
1108 Main St, Neenah, WI 54956
Two-bay auto service repair shop in high-traffic Neenah location.
Property Size1,204 SF
Price / SF$415.20
Days on Market757
Property Features for 1108 Main St
General Information
Standard status
Active
Size
1,204 SF
Class
B
Property subtype
Business for Sale
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
1955
Listing Agency:
Century 21 Affiliated Appleton
Listed By:
Keith Sippel · License #WI
(920) 707-0175
Source:
Crexi
Added: Aug 9, 2024
Changed: Sep 4
Last Checked: Sep 2 at 2:37AM
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 Century 21 Affiliated Appleton
Investment Insights
Based on property information with market context.
This is a well-established auto service repair facility located in a high-traffic area of Neenah, Wisconsin, near Highway 41. The property features a two-bay facility. The business has been operating at this location for over 45 years. The property is suitable for continuing its use as an auto repair service or could be repurposed as a used car lot. The sale includes furnishings and a tow truck.
Key Highlights
- High‑traffic location in Neenah near HWY 41.
- Well‑established, ongoing auto service repair business.
- Two‑bay facility.
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
$16,231
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
3.25%
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%
$324,620
$324.6K
Cap Rate 7%
$231,871
$231.9K
Cap Rate 9%
$180,344
$180.3K
Market Conditions
NOI Build-Up for 1,204 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
$22.8K $18.96/SF
− Vacancy
−$1.2K −$0.99/SF
EGI
$21.6K $17.97/SF
− OpEx
−$5.4K −$4.49/SF
NOI
$16.2K $13.48/SF
Area
Winnebago County, WI
Vacancy
5.20%
Lease Rate
$18.96 /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%
$324,620
Cap Rate 7%
$231,871
Cap Rate 9%
$180,344
Alternative Uses
Best Use
Specialty Retail
$231.9K
$202.9K – $270.5K
NOI $16,231 @ 7.0% cap · market cap 3.25%
Second Best
Retail
$165.2K
$144.6K – $192.8K
NOI $11,567 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$259.9K
$227.4K – $303.2K
NOI $18,191 @ 7.0% cap · market cap 3.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
4k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
3,024 visits/mo
0.1 miles
Enterprise Rent-A-Car
Shops & Services
968 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
507 visits/mo
0.4 miles
Demographics for 54956, WI
46,316
Population
20,104
Households
2.3
Avg Household Size
40
Median Age
38%
College-Educated
96%
High-School Grad
61.7 sq mi
ZIP Area
751
Density / Sq Mi
$81,386
Median Household Income
$49,445
Median Earnings
$1,005
Median Rent
$238,200
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.
Similar Off Market Nearby
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- Miller Auto - Neenah, WI — 614 S Green Bay Rd, Neenah, WI 54956
- Bergstrom Neenah Ford-Lincoln Service — 525 S Green Bay Rd, Neenah, WI 54956
Frequently Asked Questions
What type of property is this?
Auto shop - Two-bay auto service repair shop in high-traffic Neenah location.
Where is this auto shop located?
The property is located at 1108 Main St Neenah, WI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: High‑traffic location in Neenah near HWY 41.; Well‑established, ongoing auto service repair business.; Two‑bay facility.
