Auto Shops on High Profile
For Sale
$550,000
4512 75th Street Street, Pleasant Prairie, WI 53142
Three buildings on a 0.761-acre site with high traffic.
Property Size1,885 SF
Lot Size0.76 Acres
Price / SF$291.78
Days on Market777
Property Features for 4512 75th Street Street
General Information
Standard status
Active
Size
1,885 SF
Lot size
0.76 Acres
Taxes and HOA fees
Annual Taxes
$6,894
Listing Agency:
Pitts Brothers & Associates, LLC
(262) 496-8883
Listed By:
Andrew Pitts · License #8345394
(262) 496-8883
Source:
Exprealty
Added: Jul 15, 2024
Changed: Aug 25
Last Checked: Aug 29 at 12:56PM
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 Pitts Brothers & Associates, LLC
Investment Insights
Based on property information with market context.
The property features three separate buildings: an 1,885 square foot masonry auto garage building that is currently vacant, a 1,050 square foot wood frame garage building, and a 660 square foot unheated garage building. The site, totaling 0.761 acres or 33,150 square feet, offers ample frontage along 75th Street (STH '50') and provides a large area for expansion or parking. Each building is equipped with overhead drive-in doors. The location benefits from high visibility, with over 26,100 vehicles per day traveling along 75th Street (STH '50'), according to WisDOT.
Key Highlights
- High traffic location: Over 26,100 vehicles per day on 75th Street (STH '50').
- Large 0.761‑acre (33,150 sq ft) site with expansion/parking potential.
- Three separate garage buildings totaling 3,595 sq ft.
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
$22,373
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
4.07%
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%
$447,460
$447.5K
Cap Rate 7%
$319,614
$319.6K
Cap Rate 9%
$248,589
$248.6K
Market Conditions
NOI Build-Up for 1,885 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
$33.9K $18.00/SF
− Vacancy
−$2.0K −$1.04/SF
EGI
$32.0K $16.96/SF
− OpEx
−$9.6K −$5.09/SF
NOI
$22.4K $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%
$447,460
Cap Rate 7%
$319,614
Cap Rate 9%
$248,589
Alternative Uses
Best Use
Industrial
$1.81M
$1.58M – $2.11M
NOI $126,510 @ 7.0% cap · market cap 23.00%
Second Best
Retail
$319.6K
$279.7K – $372.9K
NOI $22,373 @ 7.0% cap · market cap 4.07%
Theoretical Best
Warehouse
$2.19M
$1.92M – $2.56M
NOI $153,620 @ 7.0% cap · market cap 27.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
156k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 21%
Groceries 12%
Apparel 7%
7 Brew Coffee
Dining
24,131 visits/mo
0.1 miles
McDonald's
Dining
23,587 visits/mo
0.3 miles
Piggly Wiggly
Groceries
19,212 visits/mo
0.2 miles
Starbucks
Dining
14,969 visits/mo
0.4 miles
AutoZone
Shops & Services
14,119 visits/mo
0.0 miles
Demographics for 53142, WI
33,146
Population
13,787
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
1,601
Density / Sq Mi
$86,891
Median Household Income
$49,161
Median Earnings
$1,319
Median Rent
$254,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Three buildings on a 0.761-acre site with high traffic.
Where is this auto shop located?
The property is located at 4512 75th Street Street Pleasant Prairie, WI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: High traffic location: Over 26,100 vehicles per day on 75th Street (STH '50').; Large 0.761‑acre (33,150 sq ft) site with expansion/parking potential.; Three separate garage buildings totaling 3,595 sq ft.
