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    790 Wolf Rd Random Lake, WI 53075

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    Claim this Listing
    For Sale
    $1,800,000

    Retail,Storage - Random Lake, WI

    Property size:
    3,332 SF
    Lot size:
    0.69 Acres
    Added:
    Jun 26, 2025
    Days on Market:
    297
    Last Refresh:
    Apr 18 at 8:06 pm

    Property Features for 790 Wolf Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C1
    Security features
    Security Lighting
    Interior features
    Handicap Access, Rest Rooms
    Exterior features
    Fuel Tanks, Outside Storage, Pole Sign
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    59176744830
    Size
    3,332 SF
    Lot size
    0.69 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6247.18

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2013
    Floors in Building
    1
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Brad Broecker
    Brad Broecker

    Listing agent Brad Broecker License #58889-90

    Listing office Century 21 Aspire Group 822 S. 8th St., Manitowoc, WI 54220, Manitowoc, WI

    Listing date Jun 26, 2025

    MLS# 1924114 Listing URL

    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.

    Overview

    Mobil Gas Station Convenience Store

    This newer Mobil gas station and convenience store is located in the village of Random Lake, less than 2 miles from State Hwy 144. The turnkey operation includes all equipment necessary to continue the business, with the oil agreement transferable. Fuel options include regular, midgrade, premium, and diesel, dispensed from 3 double pumps. The property features a full-service convenience store, a newly renovated bar and dine-in sitting area, gaming machines, and public restrooms. Additional features include a large blacktop corner lot and an outbuilding for additional storage. The property includes a newly renovated kitchen and restaurant space, offering added income potential. The property is zoned C1 and sits on a 0.69-acre lot. The building size is 3332 square feet. This property presents an opportunity to owner operate or add to an investment portfolio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobil Gas Station Random Self Services Grocery & Convenience Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Random Lake
    County
    Sheboygan
    State
    Wisconsin
    Longitude
    -87.970548
    Latitude
    43.556978

    Nearby Similar for Sale

    • $799,000
      10,149 SF

      Highway 57 Commercial Property

      Commercial property with highway access, multiple buildings, and office space.
      N7277 State Road 57 -, Random Lake, WI 53075
      View Details
    • $399,900
      3,082 SF

      Unique Mixed-Use Property in Wisconsin

      Charming mixed-use property with living quarters in Random Lake, WI.
      W4254 County Road K -, Random Lake, WI 53075
      View Details

    FAQs

    What type of property is this?
    Gas station - Successful gas station and convenience store with additional income potential.
    Where is this gas station located?
    The property is located at 790 Wolf Rd Random Lake, WI.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Extremely successful, newer Mobil gas station and convenience store in a prime location.; Turnkey operation with transferable oil agreement and all necessary equipment included.; Newly renovated kitchen and restaurant space offering added income potential.
    (920) 374-1282
    We can help!
    Listing Contact
    Brad Broecker
    Brad Broecker
    Real Estate License ID: 58889-90
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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