Collision Repair Auto Shop
For Sale
$1,520,000
41 E Pearl, Rhinelander, WI 54501
Steel collision repair facility with five overhead doors, 3-phase power, and an office/client lobby at the building entrance.
Property Size7,964 SF
Price / SF$190.86
Days on Market552
Property Features for 41 E Pearl
General Information
Standard status
Active
Size
7,964 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
15.7 ft
Heavy Power
Yes
Additional Details
Business Included
Yes
Fenced Yard
Yes
Amenities
security system
Building Details
Construction
steel
Listing Agency:
Shorewest, REALTORS
Listed By:
Deb Mann · License #7321694
(715) 369-1223
Source:
Madisonareahomesforsale
Added: Mar 8, 2025
Changed: Sep 9
Last Checked: Sep 10 at 10:38AM
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 Shorewest, REALTORS
Investment Insights
Based on property information with market context.
Rhinelander Collision Center is a family-owned automotive repair business operating from a steel building designed for collision work. The facility includes a dedicated office and client lobby off the main entrance, along with shop capacity supported by five overhead doors (approximately 10' high) and 3-phase power. Ceiling height is 15'8" at the peak. A new security system is in place, and there is a locked fenced area behind the building.
The property is positioned down from the “car-alley” area, with quick access to major automotive sales companies and close to downtown Rhinelander.
The sale includes documents listing equipment included with the transaction.
The property is positioned down from the “car-alley” area, with quick access to major automotive sales companies and close to downtown Rhinelander.
The sale includes documents listing equipment included with the transaction.
Key Highlights
- Steel collision repair facility with 5 overhead doors, each approximately 10' high
- 3‑phase power and ceiling height of 15'8" at peak
- New security system plus a locked, fenced area behind the building
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
$71,674
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
4.72%
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%
$1,433,480
$1.4M
Cap Rate 7%
$1,023,914
$1.0M
Cap Rate 9%
$796,378
$796.4K
Market Conditions
NOI Build-Up for 7,964 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
$105.1K $13.20/SF
− Vacancy
−$2.7K −$0.34/SF
EGI
$102.4K $12.86/SF
− OpEx
−$30.7K −$3.86/SF
NOI
$71.7K $9.00/SF
Area
Oneida County, WI
Vacancy
2.60%
Lease Rate
$13.20 /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%
$1,433,480
Cap Rate 7%
$1,023,914
Cap Rate 9%
$796,378
Alternative Uses
Best Use
Industrial
$3.73M
$3.26M – $4.35M
NOI $260,927 @ 7.0% cap · market cap 17.17%
Second Best
Retail
$1.02M
$895.9K – $1.19M
NOI $71,674 @ 7.0% cap · market cap 4.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
15 ft
Clear height
Turnkey business
Opportunity
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54501, WI
20,591
Population
12,754
Households
1.6
Avg Household Size
48
Median Age
26%
College-Educated
96%
High-School Grad
366.3 sq mi
ZIP Area
56
Density / Sq Mi
$68,602
Median Household Income
$37,578
Median Earnings
$831
Median Rent
$194,900
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
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Similar Off Market Nearby
- Pomp's Tire Service — 209 W Davenport St, Rhinelander, WI 54501
- Good Year — Rhinelander, WI 54501
- J & B Automotive Repair — 807 N Stevens St, Rhinelander, WI 54501
- T&M Repair — 845 n stevens st, rhinelander, wi 54501
- D&D Repair Services LLC — 1201 N Stevens St, Rhinelander, WI 54501
Frequently Asked Questions
What type of property is this?
Auto shop - Steel collision repair facility with five overhead doors, 3-phase power, and an office/client lobby at the building entrance.
Where is this auto shop located?
The property is located at 41 E Pearl Rhinelander, WI.
What is the asking price?
The asking price for this property is $1,520,000.
What are key features of this property?
This property features: Steel collision repair facility with 5 overhead doors, each approximately 10' high; 3‑phase power and ceiling height of 15'8" at peak; New security system plus a locked, fenced area behind the building
