Versatile Automotive/Industrial Facility For
For Sale
Contact for pricing
2501 Runway Dr, Waupaca, WI 54981
Well-maintained auto repair/flex industrial/warehouse with highway access and expansion potential.
Property Size8,000 SF
Price / SF$153.13
Days on Market749
Property Features for 2501 Runway Dr
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Industrial
Zoning
B-4
Building Details
Year Built
2004
Listing Agency:
Colliers - Appleton/Fox Valley, Wisconsin
(920) 347-9425
Listed By:
Tammy Balzar · License #WI-WI
Source:
Crexi
Added: Jul 22, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:34AM
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 Colliers - Appleton/Fox Valley, Wisconsin
Investment Insights
Based on property information with market context.
This 8,000-square-foot automotive facility is suitable for automotive, RV, aviation, and light industrial businesses. It features a front office, showroom, three overhead doors, two bathrooms, and two mezzanines. A paint booth is also included. The property has a spacious paved parking lot and is equipped with a waste oil heating system, air compressor, and four rotary lifts. A detailed list of equipment is available from the broker. Located in a rapidly growing area of Waupaca, the property offers excellent visibility and convenient access to Highway 10. It is situated next to the Waupaca Municipal Airport, with potential direct access pending city approval and FAA guidelines. The spacious lot offers potential for expansion or construction of another building in the vicinity.
Key Highlights
- Excellent visibility and convenient access to Highway 10 in a fast‑growing area of Waupaca.
- Suitable for automotive, RV, aviation, and light industrial businesses.
- Potential direct access to Waupaca Municipal Airport (pending city approval and FAA guidelines).
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
$57,100
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
4.66%
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%
$1,142,000
$1.1M
Cap Rate 7%
$815,714
$815.7K
Cap Rate 9%
$634,444
$634.4K
Market Conditions
NOI Build-Up for 8,000 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
$72.0K $9.00/SF
− Vacancy
−$4.8K −$0.60/SF
EGI
$67.2K $8.40/SF
− OpEx
−$10.1K −$1.26/SF
NOI
$57.1K $7.14/SF
Area
Waupaca County, WI
Vacancy
6.70%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,142,000
Cap Rate 7%
$815,714
Cap Rate 9%
$634,444
Alternative Uses
Best Use
Warehouse
$815.7K
$713.8K – $951.7K
NOI $57,100 @ 7.0% cap · market cap 4.66%
Second Best
Retail
$776.1K
$679.1K – $905.4K
NOI $54,326 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,894 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54981, WI
14,998
Population
8,253
Households
1.8
Avg Household Size
47
Median Age
28%
College-Educated
94%
High-School Grad
131.6 sq mi
ZIP Area
114
Density / Sq Mi
$76,821
Median Household Income
$45,326
Median Earnings
$800
Median Rent
$204,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Auto shop - Well-maintained auto repair/flex industrial/warehouse with highway access and expansion potential.
Where is this auto shop located?
The property is located at 2501 Runway Dr Waupaca, WI.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Excellent visibility and convenient access to Highway 10 in a fast‑growing area of Waupaca.; Suitable for automotive, RV, aviation, and light industrial businesses.; Potential direct access to Waupaca Municipal Airport (pending city approval and FAA guidelines).
