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Auto Shop with Apartment
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 Market77

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
Listed By: Benjamin J. Lyons · License #91937923
Source: Moving2greenbay
Added: Jul 30 Changed: Oct 14 Last Checked: Oct 7 at 2:42PM

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.

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 / Yr
$51,433
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
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
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 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 (±1% cap)
NOI $83,101 @ 7.0% cap · market cap 14.84%
Second Best
Mixed Use
$873.5K
$764.3K – $1.02M (±1% cap)
NOI $61,145 @ 7.0% cap · market cap 10.92%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M (±1% cap)
NOI $99,309 @ 7.0% cap · market cap 17.73%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Waupaca Auto Body Auto Repair Shop

Suggested Use

Top Pick HVAC Service Building Supply Auto Repair Shop Storage Facility Daycare Center Pet Store

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

34
Businesses Nearby
Well-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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
More about this property
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