Flex Building with Overhead
For Sale
$249,000
434 E Oshkosh Street, Ripon, WI 54971
COMMERCIAL - Ripon, WI
Property Size3,200 SF
Lot Size0.22 Acres
Price / SF$77.81
Days on Market135
Property Features for 434 E Oshkosh Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Com
Interior features
Overhead doors, Private office(s)
Lot features
Business district
Directions
East on HWY 23 to Left on E Oshkosh St. Building on the left.
Subdivision
RIPON - C
Standard status
Active
APN
RIP1614161602008
Size
3,200 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
1550
Amenities
front office lobby
large overhead bay door
Building Details
Year built
1950
Number of units
1
Roof type
Metal
Listing Agency:
Better Homes and Gardens Real Estate Special Properties
(920) 294-0122
Listed By:
Jeffrey Shadick · License #5048290
(920) 858-9786
Added: Mar 31
Changed: Aug 12
Last Checked: Aug 12 at 11:06AM
MLS# 1987152
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,200-square-foot flex building in Ripon offers a metal structure with a front lobby, private office space, and a large overhead bay door. Built in 1950, the property is currently occupied by a car detailing operation and carries Com zoning. The layout supports a range of commercial configurations, including the uses identified for auto service, light manufacturing, retail, and service operations.
Positioned at 434 E Oshkosh Street, the property includes 66 feet of road frontage on a 0.22-acre lot. Its existing office and bay arrangement provides a practical foundation for an operator seeking a combination of customer-facing and work areas.
Positioned at 434 E Oshkosh Street, the property includes 66 feet of road frontage on a 0.22-acre lot. Its existing office and bay arrangement provides a practical foundation for an operator seeking a combination of customer-facing and work areas.
Key Highlights
- 3,200 square feet of flex commercial space
- 66 feet of road frontage on Oshkosh Street
- 0.22‑acre lot in Ripon, WI
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
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Under-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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Metal construction includes a lobby, private office, and overhead access.
Where is this flex space located?
The property is located at 434 E Oshkosh Street 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: 3,200 square feet of flex commercial space; 66 feet of road frontage on Oshkosh Street; 0.22‑acre lot in Ripon, WI
