Auto Repair and Flex
For Sale
$949,900
16715 W Dakota St, New Berlin, WI 53151
Operating auto repair business for sale with roof approximately 10 years old and oil Modine heaters, no A/C.
Property Size4,500 SF
Days on Market150
Property Features for 16715 W Dakota St
General Information
Standard status
Active
Size
4,500 SF
Class
B
Property subtype
Office - Flex - Office
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Building Size
4,500 SF
Year Built
1970
Listing Agency:
EC Commercial Real Estate
(414) 425-3134
Listed By:
Alicia Alexander · License #5708490
Source:
Commercialcafe
Added: Apr 3
Changed: Aug 27
Last Checked: Aug 29 at 6:23AM
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 EC Commercial Real Estate
Investment Insights
Based on property information with market context.
For sale: a building, land, and presently operating auto repair business. The property includes existing fixtures, with the seller’s personal property not included but noted as negotiable. Roof age is approximately 10 years old, and the building has recently updated paint.
The site is positioned for convenient transportation access with quick reach to major highways. Heating is provided by oil Modine heaters, and the building does not include A/C.
This is a functional setup for an automotive service use, offering a ready-to-operate environment with key building systems and materials already in place.
The site is positioned for convenient transportation access with quick reach to major highways. Heating is provided by oil Modine heaters, and the building does not include A/C.
This is a functional setup for an automotive service use, offering a ready-to-operate environment with key building systems and materials already in place.
Key Highlights
- Operating auto repair business for sale, with building and land included
- Roof is approximately 10 years old
- Recently updated paint
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
$45,549
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
4.80%
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%
$910,980
$911.0K
Cap Rate 7%
$650,700
$650.7K
Cap Rate 9%
$506,100
$506.1K
Market Conditions
NOI Build-Up for 4,500 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
$67.5K $15.00/SF
− Vacancy
−$2.4K −$0.54/SF
EGI
$65.1K $14.46/SF
− OpEx
−$19.5K −$4.34/SF
NOI
$45.5K $10.12/SF
Area
Milwaukee County, WI
Vacancy
3.60%
Lease Rate
$15.00 /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%
$910,980
Cap Rate 7%
$650,700
Cap Rate 9%
$506,100
Alternative Uses
Best Use
Retail
$650.7K
$569.4K – $759.2K
NOI $45,549 @ 7.0% cap · market cap 4.80%
Second Best
Flex RnD
$565.5K
$494.8K – $659.7K
NOI $39,583 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$1.07M
$933.7K – $1.24M
NOI $74,698 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53151, WI
32,535
Population
14,324
Households
2.3
Avg Household Size
47
Median Age
47%
College-Educated
98%
High-School Grad
17.5 sq mi
ZIP Area
1,859
Density / Sq Mi
$99,248
Median Household Income
$59,197
Median Earnings
$1,424
Median Rent
$351,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Operating auto repair business for sale with roof approximately 10 years old and oil Modine heaters, no A/C.
Where is this auto shop located?
The property is located at 16715 W Dakota St New Berlin, WI.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Operating auto repair business for sale, with building and land included; Roof is approximately 10 years old; Recently updated paint
