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For Sale
$560,000
E3511 S Apple Tree Lane, Waupaca, WI 54981
Automotive facility combining service areas, office space, and an updated upper-level apartment for live-work flexibility.
Property Size7,574 SF
Price / SF$73.94
Days on Market32
Property Features for E3511 S Apple Tree Lane
General Information
Standard status
Active
Size
7,574 SF
Building Details
Year Built
1996
Listing Agency:
RE/MAX Lyons Real Estate
(715) 572-6473
Listed By:
Benjamin J. Lyons · License #91937923
Source:
Moving2greenbay
Added: Jul 30
Changed: Aug 30
Last Checked: Aug 30 at 3:51AM
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 Lyons Real Estate
Investment Insights
Based on property information with market context.
This automotive property includes a building of over 4,000 square feet with an office, workshop and warehouse areas, a half bathroom, and an upper-level apartment. The apartment has one bedroom and has been updated. Two decks and a porch add exterior space, while the automotive improvements include a paint booth and two lifts.
Additional structures include a 4,000-square-foot pole building and a one-car garage. The property was built in 1996 and is located at E3511 S Apple Tree Lane in Waupaca, Wisconsin.
Additional structures include a 4,000-square-foot pole building and a one-car garage. The property was built in 1996 and is located at E3511 S Apple Tree Lane in Waupaca, Wisconsin.
Key Highlights
- Over 4,000 sq. ft. building with office, workshop, warehouse space, and half bathroom
- Updated 1 bedroom apartment on the upper level
- 4,000 sq.ft. pole building
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
$51,433
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
9.18%
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%
$1,028,660
$1.0M
Cap Rate 7%
$734,757
$734.8K
Cap Rate 9%
$571,478
$571.5K
Market Conditions
NOI Build-Up for 7,574 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
$75.4K $9.96/SF
− Vacancy
−$2.0K −$0.26/SF
EGI
$73.5K $9.70/SF
− OpEx
−$22.0K −$2.91/SF
NOI
$51.4K $6.79/SF
Area
Waupaca County, WI
Vacancy
2.60%
Lease Rate
$9.96 /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%
$1,028,660
Cap Rate 7%
$734,757
Cap Rate 9%
$571,478
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,101 @ 7.0% cap · market cap 14.84%
Second Best
Mixed Use
$873.5K
$764.3K – $1.02M
NOI $61,145 @ 7.0% cap · market cap 10.92%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,309 @ 7.0% cap · market cap 17.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
34
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 Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Waupaca Auto Body — E3511 S Apple Tree Ln, Waupaca, WI 54981
- Fleet Farm Auto Service Center — 2016 Farm Dr, Waupaca, WI 54981
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility combining service areas, office space, and an updated upper-level apartment for live-work flexibility.
Where is this auto shop located?
The property is located at E3511 S Apple Tree Lane Waupaca, WI.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Over 4,000 sq. ft. building with office, workshop, warehouse space, and half bathroom; Updated 1 bedroom apartment on the upper level; 4,000 sq.ft. pole building
