Two-Lot Auto
For Sale
$169,900
349 Monroe Street, Oconto Falls, WI 54154
Commercial space spanning two lots provides a flexible footprint for automotive business use.
Property Size1,400 SF
Price / SF$121.36
Days on Market9
Property Features for 349 Monroe Street
General Information
Standard status
Active
Size
1,400 SF
Taxes and HOA fees
Annual Taxes
$358
Listing Agency:
Seidl & Associates a Div of Shorewest, Realtors
(920) 593-4100
Listed By:
Don Jr Pouwels · License #909768
(920) 713-6212
Source:
Exprealty
Added: Sep 3
Changed: Sep 10
Last Checked: Sep 10 at 2:42PM
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 Seidl & Associates a Div of Shorewest, Realtors
Investment Insights
Based on property information with market context.
This auto-shop property includes 1,400 square feet of commercial space distributed across two lots. Its configuration provides a substantial footprint for an automotive-oriented business or other commercial operation supported by the property’s classification.
The property is located at 349 Monroe Street in Oconto Falls, Wisconsin, within the 54154 ZIP code.
The property is located at 349 Monroe Street in Oconto Falls, Wisconsin, within the 54154 ZIP code.
Key Highlights
- 1,400 square feet of commercial space
- Property spans two lots
- Located at 349 Monroe Street, Oconto Falls, WI 54154
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
$15,476
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
9.11%
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%
$309,520
$309.5K
Cap Rate 7%
$221,086
$221.1K
Cap Rate 9%
$171,956
$172.0K
Market Conditions
NOI Build-Up for 1,400 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
$23.5K $16.80/SF
− Vacancy
−$1.4K −$1.01/SF
EGI
$22.1K $15.79/SF
− OpEx
−$6.6K −$4.74/SF
NOI
$15.5K $11.05/SF
Area
Oconto County, WI
Vacancy
6.00%
Lease Rate
$16.80 /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%
$309,520
Cap Rate 7%
$221,086
Cap Rate 9%
$171,956
Alternative Uses
Best Use
Retail
$221.1K
$193.5K – $257.9K
NOI $15,476 @ 7.0% cap · market cap 9.11%
Second Best
Industrial
$89.1K
$78.0K – $103.9K
NOI $6,236 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$326.4K
$285.6K – $380.8K
NOI $22,848 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
49k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 23%
Dining 14%
Home Improvements & Furnishings 12%
Piggly Wiggly
Groceries
11,238 visits/mo
0.3 miles
Burger King
Dining
6,731 visits/mo
0.3 miles
Dollar General
Shops & Services
6,515 visits/mo
0.3 miles
United True Value
Home Improvements & Furnishings
5,699 visits/mo
0.4 miles
BP
Shops & Services
5,133 visits/mo
0.3 miles
Demographics for 54154, WI
5,432
Population
2,699
Households
2
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
80.3 sq mi
ZIP Area
68
Density / Sq Mi
$57,887
Median Household Income
$44,255
Median Earnings
$684
Median Rent
$194,000
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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Similar Off Market Nearby
- after HOURS automotive repair llc — 160 S Main St, Oconto Falls, WI 54154
- S&L Ford Service — 300 N Main St, Oconto Falls, WI 54154
- S&L Ford Collision Center — 300 N Main St, Oconto Falls, WI 54154
- Fischer Auto Body — 204 N Chestnut Ave, Oconto Falls, WI 54154
- Oconto Falls Quick Lube — 511 Munsert Ave, Oconto Falls, WI 54154
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial space spanning two lots provides a flexible footprint for automotive business use.
Where is this auto shop located?
The property is located at 349 Monroe Street Oconto Falls, WI.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 1,400 square feet of commercial space; Property spans two lots; Located at 349 Monroe Street, Oconto Falls, WI 54154
