Automotive Shop on West
For Sale
Contact for pricing
2231 W Grand Avenue, Wisconsin Rapids, WI 54495
2400 SF automotive shop with road frontage and parking.
Property Size2,400 SF
Price / SF$58.33
Days on Market176
Property Features for 2231 W Grand Avenue
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Retail, Industrial
Zoning
B2
Building Details
Year Built
1947
Listing Agency:
KPR Brokers, LLC
(715) 598-6367
Listed By:
Cole Passehl · License #WI 9696494
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 8 at 2:48PM
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 KPR Brokers, LLC
Investment Insights
Based on property information with market context.
A 2400 square foot automotive shop is available on West Grand Avenue. The shop has been well taken care of and provides road frontage. A large overhead door allows multiple vehicles to be brought in. The front of the shop can be used as a separate workshop, office, or showroom. A large parking area in the back provides space for clients.
Key Highlights
- 2400 sq ft automotive shop.
- High road frontage on West Grand Avenue.
- Large overhead door for multiple vehicles.
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
$10,393
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
7.42%
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%
$207,860
$207.9K
Cap Rate 7%
$148,471
$148.5K
Cap Rate 9%
$115,478
$115.5K
Market Conditions
NOI Build-Up for 2,400 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
$15.7K $6.56/SF
− Vacancy
−$897 −$0.37/SF
EGI
$14.8K $6.19/SF
− OpEx
−$4.5K −$1.86/SF
NOI
$10.4K $4.33/SF
Area
Wood County, WI
Vacancy
5.70%
Lease Rate
$6.56 /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%
$207,860
Cap Rate 7%
$148,471
Cap Rate 9%
$115,478
Alternative Uses
Best Use
Retail
$244.9K
$214.3K – $285.7K
NOI $17,141 @ 7.0% cap · market cap 12.24%
Second Best
Industrial
$148.5K
$129.9K – $173.2K
NOI $10,393 @ 7.0% cap · market cap 7.42%
Theoretical Best
Specialty Retail
$465.6K
$407.4K – $543.2K
NOI $32,592 @ 7.0% cap · market cap 23.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
19k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 20%
Dollar General
Shops & Services
5,944 visits/mo
0.3 miles
SUBWAY
Dining
3,777 visits/mo
0.2 miles
BP
Shops & Services
3,462 visits/mo
0.4 miles
Associated Bank
Shops & Services
3,385 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
1,053 visits/mo
0.1 miles
Demographics for 54495, WI
7,638
Population
3,605
Households
2.1
Avg Household Size
40
Median Age
12%
College-Educated
91%
High-School Grad
104.0 sq mi
ZIP Area
73
Density / Sq Mi
$49,476
Median Household Income
$32,586
Median Earnings
$804
Median Rent
$117,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bridgestone Team Mathews — 13th Ave S, Wisconsin Rapids, WI 54495
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- Dale's Auto Body & Collision — 4131 George Rd, Wisconsin Rapids, WI 54495
- Esquire Mufflers — 2521 W Grand Ave, Wisconsin Rapids, WI 54495
- Team Matthews Tire Center — 1311 W Grand Ave, Wisconsin Rapids, WI 54495
Frequently Asked Questions
What type of property is this?
Auto shop - 2400 SF automotive shop with road frontage and parking.
Where is this auto shop located?
The property is located at 2231 W Grand Avenue Wisconsin Rapids, WI.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 2400 sq ft automotive shop.; High road frontage on West Grand Avenue.; Large overhead door for multiple vehicles.
