Automotive Shop with Drive-In
For Sale
Contact for pricing
400 S Pine St, Burlington, WI
6,471 sq ft building with multiple drive-in bays.
Property Size6,471 SF
Lot Size0.63 Acres
Price / SF$84.98
Days on Market967
Property Features for 400 S Pine St
General Information
Standard status
Active
Size
6,471 SF
Lot size
0.63 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Bear Realty of Burlington
(262) 206-1691
Listed By:
Brad Lois
(262) 206-1691
Source:
Moodyscre
Added: Dec 15, 2023
Changed: Aug 8
Last Checked: Aug 8 at 12:26PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,445
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
29k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kwik Trip
Shops & Services
29,198 visits/mo
0.2 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Dan-Tone Garage — 348 S Pine St, Burlington, WI 53105
- Dent Guy LLC — PO Box 472, Burlington, WI 53105
- Wisco Automotive — 496 S Pine St, Burlington, WI 53105
- Stan's Glass — 464 S Pine St, Burlington, WI 53105
- Batty small engine repair shop — 173 W State St, 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.
