Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ripon Commercial Property For Sale Title is generated by Realmo AI

    400 Blackburn Street, Ripon, WI 54971

    View on Map
    Claim this Listing
    For Sale
    $600,000

    Commercial property with service bays, showroom, and office space.

    Type:Commercial/Industrial
    Property size:
    6,500 SF
    Price / SF:
    $92/SF
    Added:
    Apr 9, 2025
    Days on Market:
    420
    Last Refresh:
    May 28 at 12:39 pm

    Property Features for 400 Blackburn Street

    General Information

    Standard status
    Active
    Size
    6,500 SF
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    Jeffrey Shadick

    Listing agent Jeffrey Shadick License #50482-90

    Listing office Better Homes and Gardens Real Estate Special Properties

    Listing date Apr 9, 2025

    Source Exitrealty

    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 Better Homes and Gardens Real Estate Special Properties

    HighLights

    • Prime corner lot location with high visibility and heavy traffic flow.
    • Approximately 6,500 SF of space suitable for various commercial ventures.
    • Includes 6 service bays, showroom, and office space.
    • Ideal for tire replacement, auto service, or other thriving commercial ventures.
    • Excellent access in a high‑demand area.
    • Strong demographics and endless potential for business success.

    Overview

    This commercial property is located on a prime corner lot in Ripon, offering high visibility and heavy traffic. The building encompasses nearly 6,500 square feet and includes six service bays, a showroom, and office space. The location is suitable for tire replacement, auto service, or other commercial ventures.

    Local Financial Insights For Industrial

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $58.5k $9.00
    − Vacancy −$4.0k −$0.61
    EGI $54.5k $8.39
    − OpEx −$16.4k −$2.52
    NOI $38.2k $5.87
    6,500 SF · lease $9.00/SF/yr · vacancy 6.80% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $545.2K
    $477.1K – $636.1K (±1% cap)
    NOI $38,165 @ 7.0% cap · market cap 6.36%
    Second Best
    Retail
    $418.5K
    $366.2K – $488.2K (±1% cap)
    NOI $29,292 @ 7.0% cap · market cap 4.88%
    Theoretical Best
    Multifamily LT 5
    $6.26M
    $5.48M – $7.31M (±1% cap)
    NOI $438,438 @ 7.0% cap · market cap 73.07%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Superior Auto Body & Towing — 434 E Oshkosh St, Ripon, WI 54971
    • J&S Diesel Reclaim — 636 E Oshkosh St, Ripon, WI 54971
    • Auto Doctor — 634 E Oshkosh St, Ripon, WI 54971
    • DIH Auto Repair — 412 E Fond du Lac St, Ripon, WI 54971
    • Homan Chevrolet Service — 822 W Fond Du Lac St, Ripon, WI 54971

    Location Insight

    • Map
    • Local Demand
    City
    Ripon
    County
    Fond du Lac
    State
    Wisconsin
    Longitude
    -88.8372414
    Latitude
    43.8424933

    Nearby Similar for Sale

    • $600,000

      Ripon Commercial Property with Bays

      High-visibility commercial property with service bays, showroom, and office space.
      400 Blackburn Street, Ripon, WI 54971
      View Details
    • $794,900

      Downtown Ripon Hotel Opportunity

      38-room hotel with 40 parking spaces in downtown Ripon.
      240 E Fond du Lac Street, Ripon, WI 54971
      View Details
    • $339,000

      Turnkey Restaurant and Recreation Venue

      Well-established restaurant/bar with recreational facilities and seasonal traffic.
      W12010 Rose-Eld Road, Ripon, WI 54971
      View Details
    • $249,000

      Ripon Automotive Commercial Building

      3,200 sqft commercial building in high-traffic Ripon location.
      434 E Oshkosh Street, Ripon, WI 54971
      View Details
    • $1,350,000
      13,200 SF

      Sixteen-Unit Multifamily Investment Opportunity

      Multifamily investment opportunity near Ripon College.
      416 Oak St, Ripon, WI 54971
      View Details
    • $499,000
      1,693 SF

      Luxury Townhomes in Ripon, WI

      New 3-bedroom, 2-bath townhomes with luxury finishes.
      766 Kensington, Ripon, WI 54971
      View Details
    • $265,000
      6,000 SF

      Former Church Building with Parking

      6,000 SF former church with parking and living space.
      332 State St, Ripon, WI 54971
      View Details
    • $399,000
      6,716 SF

      Historic Commercial Building in Ripon

      6,716 sq ft historic building in downtown Ripon.
      114 Watson Street, Ripon, WI 54971
      View Details
    • $249,000
      3,200 SF

      Commercial Building on Oshkosh Street

      3,200 sq ft commercial building in high-traffic Ripon location.
      434 E Oshkosh Street, Ripon, WI 54971
      View Details
    • $299,000
      3,000 SF

      RIPON - C Retail Building

      Two downtown Ripon buildings with retail and residential spaces.
      223 Watson St, Ripon, WI 54971
      View Details

    FAQs

    What type of property is this?
    Auto shop - Commercial property with service bays, showroom, and office space.
    Where is this auto shop located?
    The property is located at 400 Blackburn Street Ripon, WI.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Prime corner lot location with high visibility and heavy traffic flow.; Approximately 6,500 SF of space suitable for various commercial ventures.; Includes **6 service bays, showroom, and office space.**
    (920) 858-9786
    We can help!
    Listing Contact
    Jeffrey Shadick
    Real Estate License ID: 50482-90
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    400 Blackburn Street, Ripon, WI 54971
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!