Remodeled Auto
For Sale
$399,900
702 W Grand Ave, Port Washington, WI 53074
N, Port Washington, WI
Property Size5,000 SF
Lot Size0.25 Acres
Price / SF$79.98
Days on Market50
Property Features for 702 W Grand Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RES
Standard status
Active
APN
160940107000
Size
5,000 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4181
Amenities
Employee Break Room
Office
Customer waiting Room
3 Newer Overhead Doors
3 phase electrical service
Newer Handicapped bathroom
newer mechanical exhaust ventilation system
newer Furnace & Air Conditioner
Building Details
Year built
1980
Architectural style
Other
Listing Agency:
Berkshire Hathaway HomeServices Metro Realty
(262) 439-8897
Listed By:
Barbara Beattie · License #5659590
(262) 483-4784
Added: Jul 11
Changed: Aug 19
Last Checked: Aug 29 at 11:06AM
MLS# 1971361
Copyright © 2026 Metro MLS. 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 5,000-square-foot auto shop was remodeled in 2020 and is currently configured for automotive repair operations. The facility includes two newer vehicle lifts, an alignment rack and machine, tire mounting and balancing equipment, three newer overhead doors, and three-phase electrical service. A newer furnace, air conditioner, and mechanical exhaust ventilation system support the building, while the interior includes an employee break room, office, customer waiting room, and newer handicapped bathroom.
The property occupies 0.25 acres at 702 W Grand Ave in Port Washington, Wisconsin. The interior and exterior have been freshly painted, and the property is identified with RES zoning. The existing layout and equipment support continued auto repair use, while the building’s configuration also accommodates consideration of another business concept.
The property occupies 0.25 acres at 702 W Grand Ave in Port Washington, Wisconsin. The interior and exterior have been freshly painted, and the property is identified with RES zoning. The existing layout and equipment support continued auto repair use, while the building’s configuration also accommodates consideration of another business concept.
Key Highlights
- 5,000‑square‑foot commercial building on 0.25 acres
- Remodeled in 2020 with freshly painted interior and exterior
- Two newer lifts plus alignment rack, tire machine, and balancing equipment
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
$18,207
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
4.55%
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%
$364,140
$364.1K
Cap Rate 7%
$260,100
$260.1K
Cap Rate 9%
$202,300
$202.3K
Market Conditions
NOI Build-Up for 5,000 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
$27.4K $5.47/SF
− Vacancy
−$1.3K −$0.27/SF
EGI
$26.0K $5.20/SF
− OpEx
−$7.8K −$1.56/SF
NOI
$18.2K $3.64/SF
Area
Ozaukee County, WI
Vacancy
4.90%
Lease Rate
$5.47 /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%
$364,140
Cap Rate 7%
$260,100
Cap Rate 9%
$202,300
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53074, WI
13,379
Population
5,859
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
96%
High-School Grad
30.3 sq mi
ZIP Area
442
Density / Sq Mi
$78,944
Median Household Income
$48,089
Median Earnings
$1,024
Median Rent
$276,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- C & M Auto Services, L.L.C. — 925C S Spring St, Port Washington, WI 53074
- amsvintage com — 740 W Oakland Ave, 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
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive facility with service equipment, customer areas, and updated building 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: 5,000‑square‑foot commercial building on 0.25 acres; Remodeled in 2020 with freshly painted interior and exterior; Two newer lifts plus alignment rack, tire machine, and balancing equipment
