Two-Bay Auto
For Sale
$160,000
302 Galena Road, Footville, WI 53548
Business/Comm, Footville, WI
Property Size1,638 SF
Lot Size0.15 Acres
Price / SF$97.68
Days on Market182
Property Features for 302 Galena Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Interior features
Overhead doors, Compressor
Lot features
Corner, Free standing, Residential area
Directions
Hwy 11 to Janesville St to Galena Rd
Subdivision
FOOTVILLE - V
Standard status
Active
APN
126 015009
Size
1,638 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1855
Amenities
garage
office space
workshop
half bath
new furnace
Building Details
Year built
1960
Number of units
2
Roof type
Composition
Listing Agency:
Century 21 Affiliated · Century 21 Real Estate
(608) 756-4196
Listed By:
Beth Hanthorn · License #5310690
(608) 346-8189
Added: Mar 3
Changed: Aug 31
Last Checked: Sep 1 at 6:06AM
MLS# 2017643
Copyright © 2026 REALTORS® Association of South Central 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 1,638-square-foot commercial building is configured for automotive, trade, or light industrial use. The property includes two separate garage-door entrances, with a larger bay containing two air compressors, a half bath, dedicated office entry, and workshop space. The second bay provides additional enclosed garage area and is currently rented for car storage. A new furnace supports year-round operation, while the concrete construction and arched roofline add distinctive physical features. The building was constructed in 1960 and sits on a 0.15-acre corner lot at 302 Galena Road in Footville, Wisconsin. Commercial zoning and the two-bay layout support flexible business or storage applications.
Key Highlights
- 1,638 square feet of commercial building area on a 0.15‑acre lot
- Two separate one‑car garage door entrances
- Larger bay includes two air compressors, half bath, office entry, and workshop
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
$4,556
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
2.85%
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%
$91,120
$91.1K
Cap Rate 7%
$65,086
$65.1K
Cap Rate 9%
$50,622
$50.6K
Market Conditions
NOI Build-Up for 1,638 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
$6.7K $4.08/SF
− Vacancy
−$174 −$0.11/SF
EGI
$6.5K $3.97/SF
− OpEx
−$2.0K −$1.19/SF
NOI
$4.6K $2.78/SF
Area
Rock County, WI
Vacancy
2.60%
Lease Rate
$4.08 /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%
$91,120
Cap Rate 7%
$65,086
Cap Rate 9%
$50,622
Alternative Uses
Best Use
Retail
$282.5K
$247.2K – $329.5K
NOI $19,772 @ 7.0% cap · market cap 12.36%
Second Best
Flex RnD
$276.0K
$241.5K – $322.0K
NOI $19,318 @ 7.0% cap · market cap 12.07%
Theoretical Best
Office A
$393.6K
$344.4K – $459.2K
NOI $27,554 @ 7.0% cap · market cap 17.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53548, WI
19,233
Population
8,894
Households
2.2
Avg Household Size
40
Median Age
27%
College-Educated
94%
High-School Grad
75.0 sq mi
ZIP Area
256
Density / Sq Mi
$74,696
Median Household Income
$41,508
Median Earnings
$999
Median Rent
$226,600
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.
Similar Off Market Nearby
- Cmg Automotive — 121 South St, Footville, WI 53537
- Keehn auto llc — 203 Galena Rd, Footville, WI 53537
Frequently Asked Questions
What type of property is this?
Auto shop - Commercially zoned corner property with office, workshop, compressor equipment, and overhead-door access.
Where is this auto shop located?
The property is located at 302 Galena Road Footville, WI.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 1,638 square feet of commercial building area on a 0.15‑acre lot; Two separate one‑car garage door entrances; Larger bay includes two air compressors, half bath, office entry, and workshop
