N64W23936 Main St, Sussex, WI 53089

Listing Agency: Arkenstone Real Estate Experts

Listed By: Michael Moen Show Phone

Source: Exprealty

Added: Nov 5 Changed: Nov 8 Last Checked: Nov 8 at 4:08PM

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Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This automotive property combines a main-level service shop with office space and a basement workshop and storage area. The shop is equipped with two automotive lifts and two overhead doors, each approximately 10 feet wide by 11 feet high. Concrete stairs connect to the basement, which also has a hoist for moving heavy equipment and materials.

The property fronts Main Street in Sussex and includes both shop and office components.

Key Highlights

• Two automotive lifts in the main‑level shop
• Two overhead doors, approximately 10' wide x 11' high
• Basement workshop and storage with concrete stairs

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,867

Cap Rate

3.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$337,340 $337.3K

Cap Rate 7%

$240,957 $241.0K

Cap Rate 9%

$187,411 $187.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,632 SF

Gross rent

$25.3K $5.47/SF

− Vacancy

−$1.2K −$0.27/SF

EGI

$24.1K $5.20/SF

− OpEx

−$7.2K −$1.56/SF

NOI

$16.9K $3.64/SF

Area

Waukesha 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 Rate 5%

$337,340

Cap Rate 7%

$240,957

Cap Rate 9%

$187,411

Alternative Uses

Best Use

Retail

$937.7K

$820.5K – $1.09M (±1% cap)

NOI $65,639 @ 7.0% cap · market cap 13.82%

Second Best

Industrial

$241.0K

$210.8K – $281.1K (±1% cap)

NOI $16,867 @ 7.0% cap · market cap 3.55%

Theoretical Best

Flex RnD

$2.36M

$2.07M – $2.76M (±1% cap)

NOI $165,483 @ 7.0% cap · market cap 34.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Auto Parts Store Pharmacy HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Service bays

Location Intelligence

Trade Area within ½ mile

146

Businesses Nearby

24k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 94% Dining 6%

Kwik Trip Shops & Services

19,510 visits/mo 0.4 miles

Landmark Credit Union Shops & Services

3,429 visits/mo 0.2 miles

SUBWAY Dining

1,427 visits/mo 0.1 miles

Demographics for 53089, WI

19,657

Population

7,856

Households

2.5

Avg Household Size

43

Median Age

45%

College-Educated

98%

High-School Grad

26.9 sq mi

ZIP Area

731

Density / Sq Mi

$116,042

Median Household Income

$60,356

Median Earnings

$1,270

Median Rent

$387,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Similar Off Market Nearby

• Paul's Certified Auto Repair, LLC. — N61 W23145, Silver Spring Dr, Sussex, WI 53089
• Quad - Kingston Building — N63W22777 Main St, Sussex, WI 53089
• Executive Windshield Repair — N 62, W21806 Augusta Pkwy, Menomonee Falls, WI 53051
• SDG Motorsports LLC — N63W22621 Main St, Sussex, WI 53089
• God's Grace Garage — W220 N6671Town Line, Rd, Sussex, WI 53089

Frequently Asked Questions

What type of property is this?

Auto shop - Shop, office, and basement areas provide a mix of service and support space for an automotive operation.

Where is this auto shop located?

The property is located at N64W23936 Main St Sussex, WI.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Two automotive lifts in the main‑level shop; Two overhead doors, approximately 10' wide x 11' high; Basement workshop and storage with concrete stairs