Building Details

Building Size 4,000 SF

Year Built 2008

Buildings 1

Units 1

Listing Agency: Century 21 Affiliated a***@c21affiliated.com Show Phone

Listed By: Jill Oelke Show Phone

Source: Geigerrealtors

Added: Jul 24 Changed: Oct 23 Last Checked: Oct 23 at 3:35PM

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Investment Insights

Based on property information with market context.

This 4,000-square-foot auto body and collision repair facility includes an office, a restroom, and a paint booth. Built in 2008, the building is zoned Commercial and has four marked parking spaces, with room beside the structure for additional parking.

The property is at 590 Commercial Avenue in Waterloo’s Industrial Park.

Key Highlights

• 4,000‑square‑foot auto body and collision repair facility
• Paint booth, office, and restroom
• Built in 2008

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,627

Cap Rate

8.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$772,540 $772.5K

Cap Rate 7%

$551,814 $551.8K

Cap Rate 9%

$429,189 $429.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$57.6K $14.40/SF

− Vacancy

−$2.4K −$0.60/SF

EGI

$55.2K $13.80/SF

− OpEx

−$16.6K −$4.14/SF

NOI

$38.6K $9.66/SF

Area

Jefferson County, WI

Vacancy

4.20%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$772,540

Cap Rate 7%

$551,814

Cap Rate 9%

$429,189

Alternative Uses

Best Use

Retail

$551.8K

$482.8K – $643.8K (±1% cap)

NOI $38,627 @ 7.0% cap · market cap 8.05%

Second Best

Industrial

$520.5K

$455.5K – $607.3K (±1% cap)

NOI $36,438 @ 7.0% cap · market cap 7.59%

Theoretical Best

Office A

$938.9K

$821.5K – $1.10M (±1% cap)

NOI $65,722 @ 7.0% cap · market cap 13.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Don's Auto Body ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Building Supply Law Firm Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

138

Businesses Nearby

10k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Kwik Trip Shops & Services

9,802 visits/mo 0.4 miles

Napa Auto Parts Shops & Services

469 visits/mo 0.2 miles

Demographics for 53594, WI

5,324

Population

2,308

Households

2.3

Avg Household Size

42

Median Age

24%

College-Educated

92%

High-School Grad

72.7 sq mi

ZIP Area

73

Density / Sq Mi

$80,000

Median Household Income

$46,206

Median Earnings

$990

Median Rent

$236,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar For Sale Nearby

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9,350 SF

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Duplex with Renovated Unit

255 Highland Terrace, Waterloo, WI 53594

$485,000

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Similar Off Market Nearby

• K & B Auto Services Inc — 606 E Madison St, Waterloo, WI 53594
• Sauer's Engine Shop — 320 Portland Rd, Waterloo, WI 53594
• Beyond Driven Customs — 328 Portland Rd, Waterloo, WI 53594
• Don's Auto Body & Paint — 590 Commercial Ave, Waterloo, WI 53594

Frequently Asked Questions

What type of property is this?

Auto shop - The facility includes office space, a restroom, and marked parking, with additional room beside the building.

Where is this auto shop located?

The property is located at 590 Commercial Avenue Waterloo, WI.

What is the asking price?

The asking price for this property is $480,000.

What are key features of this property?

This property features: 4,000‑square‑foot auto body and collision repair facility; Paint booth, office, and restroom; Built in 2008