Al's Auto Repair
For Sale
$450,000
210 E Main, Platteville, WI 53818
Established automotive repair operation on a corner lot near Main Street businesses.
Property Size1,843 SF
Price / SF$244.17
Days on Market76
Property Features for 210 E Main
General Information
Standard status
Active
Size
1,843 SF
Total Parking Spaces
18
Property subtype
Commercial
Additional Details
Business Included
Yes
Road Access
Yes
Building Details
Year Built
1940
Listing Agency:
Jon Miles Real Estate
Listed By:
Howard Miles
(608) 988-6645
Source:
Viewhomesinwisconsin
Added: Jul 7
Changed: Sep 9
Last Checked: Sep 19 at 9:54AM
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 Jon Miles Real Estate
Investment Insights
Based on property information with market context.
Built in 1940, this auto shop at 210 E Main in Platteville, Wisconsin, is associated with an automotive repair business operating for 22 years. The property sits on a corner lot near Main Street businesses and a busy highway, providing a commercial setting for automotive service use.
On-site parking accommodates up to 18 vehicles. The existing automotive repair operation and established business presence provide a clear connection to the property’s current auto shop classification.
On-site parking accommodates up to 18 vehicles. The existing automotive repair operation and established business presence provide a clear connection to the property’s current auto shop classification.
Key Highlights
- Automotive repair business operating for 22 years
- 1940‑built auto shop at 210 E Main, Platteville, WI 53818
- Corner lot near Main Street businesses
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
$23,824
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
5.29%
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%
$476,480
$476.5K
Cap Rate 7%
$340,343
$340.3K
Cap Rate 9%
$264,711
$264.7K
Market Conditions
NOI Build-Up for 1,843 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
$34.9K $18.96/SF
− Vacancy
−$909 −$0.49/SF
EGI
$34.0K $18.47/SF
− OpEx
−$10.2K −$5.54/SF
NOI
$23.8K $12.93/SF
Area
Grant 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%
$476,480
Cap Rate 7%
$340,343
Cap Rate 9%
$264,711
Alternative Uses
Best Use
Retail
$340.3K
$297.8K – $397.1K
NOI $23,824 @ 7.0% cap · market cap 5.29%
Second Best
Industrial
$154.8K
$135.4K – $180.6K
NOI $10,833 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$510.2K
$446.5K – $595.3K
NOI $35,716 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
102k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Dining 36%
Groceries 16%
Hotels & Casinos 4%
Kwik Trip
Shops & Services
33,402 visits/mo
0.4 miles
Culver's
Dining
27,107 visits/mo
0.5 miles
Piggly Wiggly
Groceries
16,461 visits/mo
0.3 miles
Holiday Inn Express & Suites Platteville
Hotels & Casinos
3,844 visits/mo
0.4 miles
BP
Shops & Services
3,527 visits/mo
0.5 miles
Demographics for 53818, WI
15,786
Population
6,146
Households
2.6
Avg Household Size
28
Median Age
39%
College-Educated
93%
High-School Grad
154.4 sq mi
ZIP Area
102
Density / Sq Mi
$55,615
Median Household Income
$20,296
Median Earnings
$887
Median Rent
$214,200
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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Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive repair operation on a corner lot near Main Street businesses.
Where is this auto shop located?
The property is located at 210 E Main Platteville, WI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Automotive repair business operating for 22 years; 1940‑built auto shop at 210 E Main, Platteville, WI 53818; Corner lot near Main Street businesses
