Automotive Facility with
For Sale
Contact for pricing
321 West Prairie View Road, Chippewa Falls, WI 54729
A glass-front showroom is paired with a drive-through service area, body shop, paint booth, and car-wash addition.
Property Size35,120 SF
Lot Size5.30 Acres
Price / SF$112.47
Days on Market9
Property Features for 321 West Prairie View Road
General Information
Standard status
Active
Size
35,120 SF
Lot size
5.30 Acres
Property subtype
Special Purpose
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Road Access
Yes
Amenities
glass-front showroom
sales offices
parts room
drive-through service department
body shop with paint booth
car-wash addition
Building Details
Buildings
1
Construction
steel
Listing Agency:
Kesselman Real Estate
Listed By:
John Kesselman · License #36050
(262) 241-0777
Source:
Crexi
Added: Sep 17
Changed: Sep 24
Last Checked: Sep 24 at 2:41PM
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 Kesselman Real Estate
Investment Insights
Based on property information with market context.
This 35,120-square-foot steel automotive facility combines a glass-front showroom and sales offices with a parts room and drive-through service department. The improvements also include a body shop with a paint booth and an attached car-wash addition. The property was formerly used as an automotive dealership.
The 5.30-acre site is paved and offers 454 feet of frontage on West Prairie View Road, along the Highway 124 commercial corridor in Chippewa Falls, Wisconsin.
The 5.30-acre site is paved and offers 454 feet of frontage on West Prairie View Road, along the Highway 124 commercial corridor in Chippewa Falls, Wisconsin.
Key Highlights
- 35,120 SF steel building with showroom, sales offices, parts room, service department, body shop, and car‑wash addition
- Drive‑through service department
- Body shop includes a paint booth
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
$359,172
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
9.09%
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%
$7,183,440
$7.2M
Cap Rate 7%
$5,131,029
$5.1M
Cap Rate 9%
$3,990,800
$4.0M
Market Conditions
NOI Build-Up for 35,120 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
$526.8K $15.00/SF
− Vacancy
−$13.7K −$0.39/SF
EGI
$513.1K $14.61/SF
− OpEx
−$153.9K −$4.38/SF
NOI
$359.2K $10.23/SF
Area
Chippewa County, WI
Vacancy
2.60%
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%
$7,183,440
Cap Rate 7%
$5,131,029
Cap Rate 9%
$3,990,800
Alternative Uses
Best Use
Industrial
$16.06M
$14.05M – $18.73M
NOI $1,123,972 @ 7.0% cap · market cap 28.45%
Second Best
Specialty Retail
$6.83M
$5.98M – $7.97M
NOI $478,431 @ 7.0% cap · market cap 12.11%
Theoretical Best
Warehouse
$19.50M
$17.06M – $22.75M
NOI $1,364,823 @ 7.0% cap · market cap 34.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54729, WI
33,980
Population
15,386
Households
2.2
Avg Household Size
42
Median Age
30%
College-Educated
95%
High-School Grad
165.0 sq mi
ZIP Area
206
Density / Sq Mi
$76,603
Median Household Income
$44,792
Median Earnings
$1,022
Median Rent
$263,900
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 - A glass-front showroom is paired with a drive-through service area, body shop, paint booth, and car-wash addition.
Where is this auto shop located?
The property is located at 321 West Prairie View Road Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 35,120 SF steel building with showroom, sales offices, parts room, service department, body shop, and car‑wash addition; Drive‑through service department; Body shop includes a paint booth
