Listing Agency: Seidl & Associates a Div of Shorewest, Realtors d***@shorewest.com Show Phone

Listed By: Don Jr Pouwels Show Phone

Source: Exprealty

Added: Sep 3 Changed: Oct 25 Last Checked: Oct 24 at 10:02PM

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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.

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 / Yr

$6,236

Cap Rate

3.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$124,720 $124.7K

Cap Rate 7%

$89,086 $89.1K

Cap Rate 9%

$69,289 $69.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,400 SF

Gross rent

$9.1K $6.48/SF

− Vacancy

−$163 −$0.12/SF

EGI

$8.9K $6.36/SF

− OpEx

−$2.7K −$1.91/SF

NOI

$6.2K $4.45/SF

Area

Oconto County, WI

Vacancy

1.80%

Lease Rate

$6.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$124,720

Cap Rate 7%

$89,086

Cap Rate 9%

$69,289

Alternative Uses

Best Use

Retail

$221.1K

$193.5K – $257.9K (±1% cap)

NOI $15,476 @ 7.0% cap · market cap 9.68%

Second Best

Industrial

$89.1K

$78.0K – $103.9K (±1% cap)

NOI $6,236 @ 7.0% cap · market cap 3.90%

Theoretical Best

Office A

$326.4K

$285.6K – $380.8K (±1% cap)

NOI $22,848 @ 7.0% cap · market cap 14.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply HVAC Service Pharmacy Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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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 $159,900.

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