Remodeled Auto Repair
702 W Grand Ave Port Washington, WI 53074
For Sale
$399,900
Remodeled building operated as an auto repair shop with multiple overhead doors and updated shop systems.
Property Size5,000 SF
Price / SF$79.98
Days on Market19
Property Features for 702 W Grand Ave
General Information
Standard status
Active
Size
5,000 SF
Listing Agency:
Berkshire Hathaway HomeServices Metro Realty
(262) 483-4784
Listed By:
Barbara Beattie · License #5659590
(262) 483-4784
Source:
Exprealty
Added: Jul 11
Changed: Jul 28
Last Checked: Jul 29 at 3:33PM
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 Berkshire Hathaway HomeServices Metro Realty
Investment Insights
Based on property information with market context.
This completely remodeled commercial building was updated in 2020 and is currently operating as a fully equipped auto repair shop. The improvements and shop setup include two newer lifts, a special alignment rack and machine, a tire mounting machine and balance, along with updated heating and air conditioning. Interior amenities include a refreshed employee break room, office, and customer waiting room, and the building has a newer mechanical exhaust ventilation system.
The property also features three newer overhead doors and 3-phase electrical service, plus a newer handicapped bathroom. Freshly painted interior and exterior finishes round out the recent work.
With the current configuration supporting automotive service operations, the building also offers flexibility for another business concept that can make use of the existing shop improvements and loading access.
The property also features three newer overhead doors and 3-phase electrical service, plus a newer handicapped bathroom. Freshly painted interior and exterior finishes round out the recent work.
With the current configuration supporting automotive service operations, the building also offers flexibility for another business concept that can make use of the existing shop improvements and loading access.
Key Highlights
- Commercial building completely remodeled in 2020 and currently operating as an auto repair shop
- Equipped with 2 newer lifts plus a special alignment rack and machine
- Tire mounting and balance equipment included for the auto repair operation
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.4k | $5.47 |
| − Vacancy | −$1.3k | −$0.27 |
| EGI | $26.0k | $5.20 |
| − OpEx | −$7.8k | −$1.56 |
| NOI | $18.2k | $3.64 |
5,000 SF · lease $5.47/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$923.4K
$807.9K – $1.08M
NOI $64,635 @ 7.0% cap · market cap 16.16%
Second Best
Industrial
$260.1K
$227.6K – $303.5K
NOI $18,207 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,464 @ 7.0% cap · market cap 20.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- C & M Auto Services, L.L.C. — 925C S Spring St, Port Washington, WI 53074
- Lindems Automotive Golden Club — 702 w grand ave, port washington, wi 53074
- Mike the Mechanic LLC — 206 N Maple St, Port Washington, WI 53074
- City Lot C-2 — 115 E Washington St, Port Washington, WI 53074
- amsvintage com — 740 W Oakland Ave, Port Washington, WI 53074
Frequently Asked Questions
What type of property is this?
Auto shop - Remodeled building operated as an auto repair shop with multiple overhead doors and updated shop systems.
Where is this auto shop located?
The property is located at 702 W Grand Ave Port Washington, WI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Commercial building completely remodeled in 2020 and currently operating as an auto repair shop; Equipped with 2 newer lifts plus a special alignment rack and machine; Tire mounting and balance equipment included for the auto repair operation
