Heavy-Industrial Auto
For Sale
$2,325,000
2738 N Sylvania Ave, Franksville, WI 53126
Versatile service facility with drive-through bays, distributed utilities, and paved and gravel areas for trailer parking or outdoor storage.
Property Size17,582 SF
Lot Size6.87 Acres
Price / SF$132.24
Days on Market48
Property Features for 2738 N Sylvania Ave
General Information
Standard status
Active
Size
17,582 SF
Class
B
Lot size
6.87 Acres
Property subtype
industrial
Zoning
M-3 Heavy Industrial
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Office Build-Out
3,567 SF
Drive-In Doors
7
Power
800 amps
Voltage
480 V
Three-Phase Power
Yes
Additional Details
Service Bays
3
Amenities
Air lines, water, and power distributed throughout shop area
Air Make up System
Floor drains in each service bay
Illuminated Freeway signage
Building Details
Year Built
2010
Building Size
17,582 SF
Construction
Metal & Masonry
Listing Agency:
Milwaukee
(414) 944-2105
Listed By:
James Young · License #49879-90
(414) 944-2105
Source:
Property.jll
Added: Jul 16
Changed: Aug 30
Last Checked: Aug 31 at 12:44PM
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 Milwaukee
Investment Insights
Based on property information with market context.
This 17,582-square-foot auto shop includes 3,567 square feet of office area within a metal and masonry building constructed in 2010. The facility is configured with three full drive-through service bays, seven grade-level doors, floor drains in each service bay, and air, water, and power distributed throughout the shop. An air makeup system supports the service area, while the building offers 24-foot peak height and 21-foot eave height.
The property sits on 6.87 acres and is zoned M-3 Heavy Industrial. Electrical service includes 800 Amp, 480 V, 3-Phase power. A mound system and well serve the property. Exterior improvements include extensive paved and gravel areas for trailer parking or outdoor storage, along with illuminated freeway signage and freeway access.
The three drive-through bays can accommodate six individual semi-trailers at once, supporting contractor, maintenance, and heavy-service operations.
The property sits on 6.87 acres and is zoned M-3 Heavy Industrial. Electrical service includes 800 Amp, 480 V, 3-Phase power. A mound system and well serve the property. Exterior improvements include extensive paved and gravel areas for trailer parking or outdoor storage, along with illuminated freeway signage and freeway access.
The three drive-through bays can accommodate six individual semi-trailers at once, supporting contractor, maintenance, and heavy-service operations.
Key Highlights
- 17,582 SF building on 6.87 acres with 3,567 SF of office space
- M‑3 Heavy Industrial zoning with 800 Amp 480 V 3‑Phase power
- Three full drive‑through service bays accommodate 6 individual semi‑trailers at once
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
$178,888
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
7.69%
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%
$3,577,760
$3.6M
Cap Rate 7%
$2,555,543
$2.6M
Cap Rate 9%
$1,987,644
$2.0M
Market Conditions
NOI Build-Up for 17,582 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
$263.7K $15.00/SF
− Vacancy
−$8.2K −$0.47/SF
EGI
$255.6K $14.54/SF
− OpEx
−$76.7K −$4.36/SF
NOI
$178.9K $10.17/SF
Area
Racine County, WI
Vacancy
3.10%
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%
$3,577,760
Cap Rate 7%
$2,555,543
Cap Rate 9%
$1,987,644
Alternative Uses
Best Use
Retail
$2.56M
$2.24M – $2.98M
NOI $178,888 @ 7.0% cap · market cap 7.69%
Second Best
Flex RnD
$2.22M
$1.94M – $2.59M
NOI $155,187 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$4.23M
$3.70M – $4.93M
NOI $295,968 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Drive-in doors
3
Service bays
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53126, WI
6,889
Population
2,918
Households
2.4
Avg Household Size
46
Median Age
39%
College-Educated
94%
High-School Grad
52.5 sq mi
ZIP Area
131
Density / Sq Mi
$98,446
Median Household Income
$53,494
Median Earnings
$1,009
Median Rent
$352,400
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.
Frequently Asked Questions
What type of property is this?
Auto shop - Versatile service facility with drive-through bays, distributed utilities, and paved and gravel areas for trailer parking or outdoor storage.
Where is this auto shop located?
The property is located at 2738 N Sylvania Ave Franksville, WI.
What is the asking price?
The asking price for this property is $2,325,000.
What are key features of this property?
This property features: 17,582 SF building on 6.87 acres with 3,567 SF of office space; M‑3 Heavy Industrial zoning with 800 Amp 480 V 3‑Phase power; Three full drive‑through service bays accommodate 6 individual semi‑trailers at once
