Auto Service Building with 6
New
For Sale
$600,000
400 Blackburn Street, Ripon, WI 54971
A showroom and dedicated office space complement the automotive service layout.
Property Size6,510 SF
Price / SF$92.17
Days on Market4
Property Features for 400 Blackburn Street
General Information
Standard status
Active
Size
6,510 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Service Bays
6
Building Details
Building Size
6,510 SF
Year Built
1970
Units
2
Listing Agency:
Better Homes And Gardens Real Estate Special Properties
Listed By:
Jeffrey Shadick · License #5048290
(920) 858-9786
Source:
Conradrealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 5:27PM
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
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Investment Insights
Based on property information with market context.
This 6,510-square-foot auto service property in Ripon includes six service bays, a showroom, and office space. The building dates to 1970 and is zoned Commercial. Its corner-lot position adds another defining feature to the site.
Key Highlights
- Six service bays
- 6,510 SF building
- Showroom and office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,224
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,480
$764.5K
Cap Rate 7%
$546,057
$546.1K
Cap Rate 9%
$424,711
$424.7K
Market Conditions
NOI Build-Up for 6,510 SF
Gross rent
$58.6K $9.00/SF
− Vacancy
−$4.0K −$0.61/SF
EGI
$54.6K $8.39/SF
− OpEx
−$16.4K −$2.52/SF
NOI
$38.2K $5.87/SF
Area
Fond du Lac County, WI
Vacancy
6.80%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,480
Cap Rate 7%
$546,057
Cap Rate 9%
$424,711
Alternative Uses
Best Use
Industrial
$546.1K
$477.8K – $637.1K
NOI $38,224 @ 7.0% cap · market cap 6.37%
Second Best
Retail
$419.1K
$366.7K – $489.0K
NOI $29,337 @ 7.0% cap · market cap 4.89%
Theoretical Best
Multifamily LT 5
$6.27M
$5.49M – $7.32M
NOI $439,113 @ 7.0% cap · market cap 73.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
6
Service bays
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
30k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kwik Trip
Shops & Services
18,280 visits/mo
0.5 miles
BP
Shops & Services
6,788 visits/mo
0.1 miles
Mobil
Shops & Services
2,873 visits/mo
0.3 miles
BMO Harris Bank
Shops & Services
2,174 visits/mo
0.1 miles
Demographics for 54971, WI
10,938
Population
4,918
Households
2.2
Avg Household Size
42
Median Age
26%
College-Educated
93%
High-School Grad
110.9 sq mi
ZIP Area
99
Density / Sq Mi
$65,914
Median Household Income
$41,534
Median Earnings
$708
Median Rent
$182,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- DIH Auto Repair — 412 E Fond du Lac St, Ripon, WI 54971
- 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
- Essential Automotive Services — 634 E Oshkosh St, Ripon, WI 54971
Frequently Asked Questions
What type of property is this?
Auto shop - A showroom and dedicated office space complement the automotive service layout.
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: Six service bays; 6,510 SF building; Showroom and office space
