Auto Collision Repair
For Sale
Contact for pricing
590 Commercial, Waterloo, WI 53594
Well-maintained auto body collision repair and paint facility with office, restroom, and a paint booth.
Property Size4,000 SF
Price / SF$120
Days on Market70
Property Features for 590 Commercial
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
4
Property subtype
Retail
Zoning
N
Additional Details
Business Included
Yes
Building Details
Year Built
2008
Listing Agency:
Century 21 Affiliated
(608) 575-4933
Listed By:
Jill Oelke · License #57120-90
Source:
Crexi
Added: Jun 2
Changed: Aug 8
Last Checked: Jun 6 at 4:43AM
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 Century 21 Affiliated
Investment Insights
Based on property information with market context.
This well-maintained auto body collision repair and paint shop is offered for sale and includes on-site office space, a restroom, and a paint booth. The building is set up to support automotive refinishing operations, with room to manage day-to-day workflow on the premises.
The property is located in Waterloo’s Industrial Park, described as a high-traffic area with excellent visibility. Parking includes four marked parking boxes, with additional room alongside the building for more parking.
For buyers seeking an automotive-focused workspace, this facility offers a turnkey starting point with key functional components already in place, including the office, restroom, and paint booth. Interested parties should review the listed inclusions in the associated documents, and note that an NDA must be completed prior to receiving financial information. Contact the listing agent for further details.
The property is located in Waterloo’s Industrial Park, described as a high-traffic area with excellent visibility. Parking includes four marked parking boxes, with additional room alongside the building for more parking.
For buyers seeking an automotive-focused workspace, this facility offers a turnkey starting point with key functional components already in place, including the office, restroom, and paint booth. Interested parties should review the listed inclusions in the associated documents, and note that an NDA must be completed prior to receiving financial information. Contact the listing agent for further details.
Key Highlights
- Auto body collision repair and paint facility built in 2008
- Building includes office, restroom, and a paint booth
- Located in Waterloo's Industrial Park
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
$38,627
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
8.05%
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%
$772,540
$772.5K
Cap Rate 7%
$551,814
$551.8K
Cap Rate 9%
$429,189
$429.2K
Market Conditions
NOI Build-Up for 4,000 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
$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 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%
$772,540
Cap Rate 7%
$551,814
Cap Rate 9%
$429,189
Alternative Uses
Best Use
Retail
$551.8K
$482.8K – $643.8K
NOI $38,627 @ 7.0% cap · market cap 8.05%
Second Best
Industrial
$520.5K
$455.5K – $607.3K
NOI $36,438 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$938.9K
$821.5K – $1.10M
NOI $65,722 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
469
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Napa Auto Parts
Shops & Services
469 visits/mo
0.4 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
Questions? Ask Rey
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Similar Off Market Nearby
- Don's Auto Body & Paint — 590 Commercial Ave, Waterloo, WI 53594
- 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
Frequently Asked Questions
What type of property is this?
Auto shop - Well-maintained auto body collision repair and paint facility with office, restroom, and a paint booth.
Where is this auto shop located?
The property is located at 590 Commercial 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: Auto body collision repair and paint facility built in 2008; Building includes office, restroom, and a paint booth; Located in Waterloo's Industrial Park
