5-Bay Auto Repair
For Sale
Contact for pricing
3913-3915 N Palmer Street, Milwaukee, WI 53212
Masonry automotive facility with a spray booth, frame rack, and bright interior workspace.
Property Size4,965 SF
Lot Size0.16 Acres
Price / SF$78.49
Days on Market51
Property Features for 3913-3915 N Palmer Street
General Information
Standard status
Active
Size
4,965 SF
Lot size
0.16 Acres
Property subtype
Industrial
Site & Location
Neighborhood
Williamsburg
Additional Details
Service Bays
5
Building Details
Buildings
1
Construction
masonry
Listing Agency:
Transwestern Milwaukee
Listed By:
Daniel Walsh · License #WI 58230
(414) 270-4112
Source:
Crexi
Added: Sep 12
Changed: Oct 25
Last Checked: Nov 1 at 5:46AM
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 Transwestern Milwaukee
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Investment Insights
Based on property information with market context.
This masonry automotive repair property provides 4,965 square feet within a 7,139-square-foot lot, with five service bays arranged in a brightly lit shop. The facility includes a spray booth and frame straightening rack, supporting body repair and related automotive service operations.
Located at 3913-3915 N Palmer Street in Milwaukee, the property sits less than 200 feet from East Capitol Drive and is positioned within a trade area serving the Milwaukee market. The existing configuration offers a dedicated setting for automotive repair use, with the core equipment features already in place.
Located at 3913-3915 N Palmer Street in Milwaukee, the property sits less than 200 feet from East Capitol Drive and is positioned within a trade area serving the Milwaukee market. The existing configuration offers a dedicated setting for automotive repair use, with the core equipment features already in place.
Key Highlights
- Five service bays in a brightly lit automotive shop
- 4,965‑square‑foot masonry building
- Spray booth included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,079
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,580
$361.6K
Cap Rate 7%
$258,271
$258.3K
Cap Rate 9%
$200,878
$200.9K
Market Conditions
NOI Build-Up for 4,965 SF
Gross rent
$27.2K $5.47/SF
− Vacancy
−$1.3K −$0.27/SF
EGI
$25.8K $5.20/SF
− OpEx
−$7.7K −$1.56/SF
NOI
$18.1K $3.64/SF
Area
Milwaukee, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,580
Cap Rate 7%
$258,271
Cap Rate 9%
$200,878
Alternative Uses
Best Use
Retail
$744.0K
$651.0K – $868.0K
NOI $52,080 @ 7.0% cap · market cap 13.36%
Second Best
Industrial
$258.3K
$226.0K – $301.3K
NOI $18,079 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,519 @ 7.0% cap · market cap 21.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Service bays
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53212, WI
28,702
Population
15,749
Households
1.8
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
7,000
Density / Sq Mi
$42,679
Median Household Income
$36,578
Median Earnings
$1,038
Median Rent
$204,300
Median Home Value
Market
Vacancy Rate% for Retail in Milwaukee, WI
Similar Off Market Nearby
- D & E Auto Repair — 245 E Keefe Ave, Milwaukee, WI 53212
- Mechanic Joey’s Garage-Auto Repair — 229 E Keefe Ave, Milwaukee, WI 53212
- A.B. Steel Auto Service — 3475 N Holton St, Milwaukee, WI 53212
- Downtown Auto Body Services — 3425 N Holton St, Milwaukee, WI 53212
- Riverwest automotive — 801 E Keefe Ave, Milwaukee, WI 53212
Frequently Asked Questions
What type of property is this?
Auto shop - Masonry automotive facility with a spray booth, frame rack, and bright interior workspace.
Where is this auto shop located?
The property is located at 3913-3915 N Palmer Street Milwaukee, WI.
What is the asking price?
The asking price for this property is $389,700.
What are key features of this property?
This property features: Five service bays in a brightly lit automotive shop; 4,965‑square‑foot masonry building; Spray booth included
