Building Details

Year Built 1900

Buildings 2

Listing Agency: RE/MAX Heritage r**@wesellfonddulac.com Show Phone

Listed By: Rod Drendel · License #90-55347

Source: Moving2greenbay

Added: Aug 5 Changed: Aug 30 Last Checked: Aug 30 at 8:45PM

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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 RE/MAX Heritage

Investment Insights

Based on property information with market context.

This commercially zoned property includes 3,160 square feet across two heated buildings. The front structure is configured for automotive service, with a reception area, office, restrooms, overhead doors, and a 25-by-13-foot paint room. The rear building adds heated workspace, three-phase electric service, and an air compressor.

Built in 1900, the property is located at 611 Main St in Brownsville, Wisconsin. Its existing layout combines customer-facing areas with dedicated service and production spaces, providing a functional base for automotive operations or other commercial uses supported by the zoning and building configuration.

Key Highlights

• 3,160 square feet across two heated commercial buildings
• Front building includes reception area, office, restrooms, and overhead doors
• Dedicated 25’ by 13’ paint room

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

$29,305

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

9.02%

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%

$586,100 $586.1K

Cap Rate 7%

$418,643 $418.6K

Cap Rate 9%

$325,611 $325.6K

Market Conditions

NOI Build-Up for 3,160 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

$45.5K $14.40/SF

− Vacancy

−$3.6K −$1.15/SF

EGI

$41.9K $13.25/SF

− OpEx

−$12.6K −$3.97/SF

NOI

$29.3K $9.27/SF

Area

Dodge County, WI

Vacancy

8.00%

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%

$586,100

Cap Rate 7%

$418,643

Cap Rate 9%

$325,611

Alternative Uses

Best Use

Flex RnD

$462.5K

$404.7K – $539.6K (±1% cap)

NOI $32,375 @ 7.0% cap · market cap 9.96%

Second Best

Retail

$418.6K

$366.3K – $488.4K (±1% cap)

NOI $29,305 @ 7.0% cap · market cap 9.02%

Theoretical Best

Office A

$686.5K

$600.7K – $800.9K (±1% cap)

NOI $48,052 @ 7.0% cap · market cap 14.79%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Auto shops

Suggested Use

Top Pick Auto Repair Shop Dental Office Grocery & Convenience Store Big Box & Wholesale Store Catering Service Storage Facility

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

Location Intelligence

Trade Area within ½ mile

65

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 53006, WI

1,767

Population

822

Households

2.1

Avg Household Size

43

Median Age

20%

College-Educated

94%

High-School Grad

40.0 sq mi

ZIP Area

44

Density / Sq Mi

$89,375

Median Household Income

$51,148

Median Earnings

$1,120

Median Rent

$229,100

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• McDonald’s Service Garage — 857 W Main St, Brownsville, WI 53006

Frequently Asked Questions

What type of property is this?

Auto shop - Commercially zoned property with heated work areas, overhead doors, and dedicated automotive service improvements.

Where is this auto shop located?

The property is located at 611 Main St Brownsville, WI.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: 3,160 square feet across two heated commercial buildings; Front building includes reception area, office, restrooms, and overhead doors; Dedicated 25’ by 13’ paint room