Automotive Shop with Office
For Sale
$599,000
2800 Wisconsin St, Sturtevant, WI 53177
B-2 commercial property combines customer-facing offices with a rear service area and substantial paved vehicle storage.
Property Size3,000 SF
Price / SF$199.67
Days on Market18
Property Features for 2800 Wisconsin St
General Information
Standard status
Active
Size
3,000 SF
Taxes and HOA fees
Annual Taxes
$4,800
Listing Agency:
SynerG Realty LLC
(262) 554-0380
Listed By:
Patrick Vandenberg
(262) 554-0380
Source:
Exprealty
Added: Aug 4
Changed: Aug 20
Last Checked: Aug 20 at 7:49AM
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 SynerG Realty LLC
Investment Insights
Based on property information with market context.
This automotive shop at 2800 Wisconsin St includes approximately 3,000 square feet of improvements arranged for both administrative and service functions. The front portion provides a reception area, front office, and four private offices that can be reconfigured for meetings or other workspace needs. A rear shop area accommodates two vehicle lifts, detailing work, tools, and equipment, with a mini-kitchen, laundry area, and bathroom with shower also included.
The property is zoned B-2 Commercial and features a large paved lot capable of holding dozens of vehicles. Its Sturtevant setting places the building directly across from Castlewood Restaurant, providing a clearly identifiable commercial position. The real estate is offered for sale, while the established automotive business operating at the property for more than 20 years may be available separately.
The property is zoned B-2 Commercial and features a large paved lot capable of holding dozens of vehicles. Its Sturtevant setting places the building directly across from Castlewood Restaurant, providing a clearly identifiable commercial position. The real estate is offered for sale, while the established automotive business operating at the property for more than 20 years may be available separately.
Key Highlights
- Approximately 3,000 square feet with reception, front office, and four private offices
- Rear service shop has ceiling height for two vehicle lifts
- Detailing area plus dedicated tool and equipment space
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
$30,523
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
5.10%
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%
$610,460
$610.5K
Cap Rate 7%
$436,043
$436.0K
Cap Rate 9%
$339,144
$339.1K
Market Conditions
NOI Build-Up for 3,000 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
$45.0K $15.00/SF
− Vacancy
−$1.4K −$0.47/SF
EGI
$43.6K $14.54/SF
− OpEx
−$13.1K −$4.36/SF
NOI
$30.5K $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%
$610,460
Cap Rate 7%
$436,043
Cap Rate 9%
$339,144
Alternative Uses
Best Use
Retail
$436.0K
$381.5K – $508.7K
NOI $30,523 @ 7.0% cap · market cap 5.10%
Second Best
Flex RnD
$378.3K
$331.0K – $441.3K
NOI $26,479 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$721.4K
$631.3K – $841.7K
NOI $50,501 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53177, WI
8,482
Population
2,566
Households
3.3
Avg Household Size
40
Median Age
24%
College-Educated
90%
High-School Grad
27.6 sq mi
ZIP Area
307
Density / Sq Mi
$77,409
Median Household Income
$46,314
Median Earnings
$1,295
Median Rent
$228,900
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- A+ Automotive Inc. — 8904 Durand Ave, Sturtevant, WI 53177
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- Sturtevant Transmission & Auto — 9800 Durand Ave, Sturtevant, WI 53177
- Fleet Service Specialist — 2920 99th St Unit C, Sturtevant, WI 53177
- Sturtevant Auto Wreckers — 2950 87th St #2, Sturtevant, WI 53177
Frequently Asked Questions
What type of property is this?
Auto shop - B-2 commercial property combines customer-facing offices with a rear service area and substantial paved vehicle storage.
Where is this auto shop located?
The property is located at 2800 Wisconsin St Sturtevant, WI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Approximately 3,000 square feet with reception, front office, and four private offices; Rear service shop has ceiling height for two vehicle lifts; Detailing area plus dedicated tool and equipment space
