Auto Shop with Fenced
For Sale
$1,399,900
1610 W WISCONSIN Avenue, Appleton, WI 54914
COMMERCIAL - APPLETON, WI
Property Size9,900 SF
Lot Size1.30 Acres
Price / SF$141.40
Days on Market180
Property Features for 1610 W WISCONSIN Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial / Business
Parking features
On Street
Elementary school district
Appleton Area
Middle school district
Appleton Area
High school district
Appleton Area
Directions
I-41 to Exit Hwy 96/Wisconsin Ave. North side, just past N. Douglas St
Standard status
Active
APN
31-5-9538-02
Lot size
1.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9201
Utilities
Sewer type
Public Sewer
Heating system
Varies by Unit (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Amenities
interior show room
walk up storage area
14-foot overhead doors
3-phase power
salt shed
Building Details
Year built
1948
Floors in Building
1
Building materials
Aluminum Siding, Block, Concrete, Glass, Steel Frame
Listing Agency:
Century 21 Affiliated · Century 21 Real Estate
(920) 733-7800
Listed By:
Keith D. Sippel · License #91937810
(920) 750-7374
Added: Feb 20
Changed: Aug 18
Last Checked: Aug 19 at 2:06PM
MLS# 50321692
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 9,900-square-foot automotive facility includes a showroom, approximately 4,800 square feet of shop area, walk-up storage, and an exterior concrete area enclosed by fencing. The shop includes 14-foot overhead doors, 3-phase power, six car lifts, and a wash bay. A paint booth was previously installed. The property also includes a fenced yard secured by two powered gates, along with on-street parking. Construction incorporates aluminum siding, block, concrete, glass, and a steel frame, with forced-air heating, central air, public water, and public sewer.
Located at 1610 W Wisconsin Avenue in Appleton, the property has frontage on three streets, including N. Wisconsin Avenue. The site encompasses 1.3 acres, and the building was constructed in 1948. Commercial / Business zoning supports its established commercial setting.
Located at 1610 W Wisconsin Avenue in Appleton, the property has frontage on three streets, including N. Wisconsin Avenue. The site encompasses 1.3 acres, and the building was constructed in 1948. Commercial / Business zoning supports its established commercial setting.
Key Highlights
- 9,900 sq ft of main floor space with approximately 4,800 square feet of shop area
- 14‑foot overhead doors, 3‑phase power, six car lifts, and a wash bay
- 1.3‑acre site with frontage on three streets, including N. Wisconsin Avenue
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
$127,977
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
9.14%
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%
$2,559,540
$2.6M
Cap Rate 7%
$1,828,243
$1.8M
Cap Rate 9%
$1,421,967
$1.4M
Market Conditions
NOI Build-Up for 9,900 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
$187.7K $18.96/SF
− Vacancy
−$4.9K −$0.49/SF
EGI
$182.8K $18.47/SF
− OpEx
−$54.8K −$5.54/SF
NOI
$128.0K $12.93/SF
Area
Outagamie County, WI
Vacancy
2.60%
Lease Rate
$18.96 /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%
$2,559,540
Cap Rate 7%
$1,828,243
Cap Rate 9%
$1,421,967
Alternative Uses
Best Use
Retail
$1.83M
$1.60M – $2.13M
NOI $127,977 @ 7.0% cap · market cap 9.14%
Second Best
Flex RnD
$812.2K
$710.7K – $947.6K
NOI $56,856 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$2.73M
$2.39M – $3.18M
NOI $191,070 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Service bays
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54914, WI
31,082
Population
14,002
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
93%
High-School Grad
19.2 sq mi
ZIP Area
1,619
Density / Sq Mi
$77,199
Median Household Income
$42,481
Median Earnings
$936
Median Rent
$210,200
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 - Versatile automotive facility with shop space, showroom, secured yard, and multiple street frontages.
Where is this auto shop located?
The property is located at 1610 W WISCONSIN Avenue Appleton, WI.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: 9,900 sq ft of main floor space with approximately 4,800 square feet of shop area; 14‑foot overhead doors, 3‑phase power, six car lifts, and a wash bay; 1.3‑acre site with frontage on three streets, including N. Wisconsin Avenue
