Ripon Commercial Building For
For Sale
$249,000
434 E Oshkosh, Ripon, WI 54971
3,200 sq ft commercial building on high-traffic Oshkosh St.
Property Size3,200 SF
Price / SF$77.81
Days on Market675
Property Features for 434 E Oshkosh
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
Better Homes and Gardens Real Estate Special Properties
Listed By:
Jeffrey Shadick · License #5048290
(920) 858-9786
Source:
Madisonareahomesforsale
Added: Nov 21, 2024
Changed: Sep 9
Last Checked: Sep 26 at 7:33AM
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
Investment Insights
Based on property information with market context.
This commercial building offers 3,200 sq. ft. of space on Oshkosh St. in Ripon, WI. The property features 66' of road frontage, providing high visibility. The metal structure includes a front office lobby and a large overhead bay door. Currently operating as a car detailing business, the property is suitable for auto services, light manufacturing, retail, or service-based businesses. The property is located in a popular area.
Key Highlights
- High‑traffic location on Oshkosh St. with 66' of road frontage ensures maximum visibility.
- 3,200 sq. ft. commercial building suitable for various business types.
- Includes a front office lobby and a large overhead bay door for easy access.
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
$18,789
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
7.55%
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%
$375,780
$375.8K
Cap Rate 7%
$268,414
$268.4K
Cap Rate 9%
$208,767
$208.8K
Market Conditions
NOI Build-Up for 3,200 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
$28.8K $9.00/SF
− Vacancy
−$2.0K −$0.61/SF
EGI
$26.8K $8.39/SF
− OpEx
−$8.1K −$2.52/SF
NOI
$18.8K $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 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%
$375,780
Cap Rate 7%
$268,414
Cap Rate 9%
$208,767
Alternative Uses
Best Use
Flex RnD
$415.4K
$363.5K – $484.6K
NOI $29,078 @ 7.0% cap · market cap 11.68%
Second Best
Industrial
$268.4K
$234.9K – $313.2K
NOI $18,789 @ 7.0% cap · market cap 7.55%
Theoretical Best
Multifamily LT 5
$3.08M
$2.70M – $3.60M
NOI $215,846 @ 7.0% cap · market cap 86.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market 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
- Essential Automotive Services — 634 E Oshkosh St, Ripon, WI 54971
- Steve's Repair / SS Repair — N8588 WI-44, Ripon, WI 54971
Frequently Asked Questions
What type of property is this?
Auto shop - 3,200 sq ft commercial building on high-traffic Oshkosh St.
Where is this auto shop located?
The property is located at 434 E Oshkosh Ripon, WI.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: High‑traffic location on Oshkosh St. with 66' of road frontage ensures maximum visibility.; 3,200 sq. ft. commercial building suitable for various business types.; Includes a front office lobby and a large overhead bay door for easy access.
