Automotive Shop with Drive-In
400 S Pine St, Burlington, WI
For Sale
Contact for pricing
6,471 sq ft building with multiple drive-in bays.
Property Size6,471 SF
Lot Size0.63 Acres
Price / SF$84.98
Days on Market1062
Property Features for 400 S Pine St
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Bear Realty of Burlington
(262) 763-8116
Listed By:
Brad Lois · License WI #5800490
(262) 206-1691
Source:
Moodyscre
Added: Dec 15, 2023
Changed: Aug 8
Last Checked: Jul 26 at 5:22AM
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 Bear Realty of Burlington
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,471 sq. ft. building was formerly an automotive body shop and is currently leased for the remainder of 2024. The property features multiple drive-in and drive-through bays, along with fenced parking in the rear. It also includes 3-phase electrical service. The location benefits from traffic counts exceeding 11,100 per day and highly visible signage.
Key Highlights
- 6,471 sq. ft. building with multiple drive‑in and drive‑through bays.
- Leased for the remainder of 2024, providing immediate income.
- Fenced parking in the rear of the building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,445
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,900
$628.9K
Cap Rate 7%
$449,214
$449.2K
Cap Rate 9%
$349,389
$349.4K
Market Conditions
NOI Build-Up for 6,471 SF
Gross rent
$50.5K $7.80/SF
− Vacancy
−$5.6K −$0.86/SF
EGI
$44.9K $6.94/SF
− OpEx
−$13.5K −$2.08/SF
NOI
$31.4K $4.86/SF
Area
Racine County, WI
Vacancy
11.00%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,900
Cap Rate 7%
$449,214
Cap Rate 9%
$349,389
Alternative Uses
Best Use
Retail
$940.6K
$823.0K – $1.10M
NOI $65,839 @ 7.0% cap · market cap 11.97%
Second Best
Industrial
$449.2K
$393.1K – $524.1K
NOI $31,445 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,930 @ 7.0% cap · market cap 19.81%
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
Location Intelligence
Trade Area within ½ mile
1,156
Businesses Nearby
54k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 38%
Home Improvements & Furnishings 11%
Hotels & Casinos 2%
McDonald's
Dining
19,107 visits/mo
0.1 miles
Casey's
Shops & Services
10,563 visits/mo
0.2 miles
Reinemans True Value
Home Improvements & Furnishings
5,794 visits/mo
0.2 miles
Family Dollar
Shops & Services
5,485 visits/mo
0.3 miles
Charcoal Grill
Dining
4,840 visits/mo
0.2 miles
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
Similar Off Market Nearby
- Wisco Automotive — 496 S Pine St, Burlington, WI 53105
- Stan's Glass — 464 S Pine St, Burlington, WI 53105
- Dan-Tone Garage — 348 S Pine St, Burlington, WI 53105
- Batty small engine repair shop — 173 W State St, Burlington, WI 53105
- Dent Guy LLC — PO Box 472, Burlington, WI 53105
Frequently Asked Questions
What type of property is this?
Auto shop - 6,471 sq ft building with multiple drive-in bays.
Where is this auto shop located?
The property is located at 400 S Pine St Burlington, WI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 6,471 sq. ft. building with multiple drive‑in and drive‑through bays.; Leased for the remainder of 2024, providing immediate income.; Fenced parking in the rear of the building.
