Full-Service Gas Station and
1021 S 3rd Street Watertown, WI 53094
For Sale
$550,000
COMMERCIAL - Watertown, WI
Property Size2,500 SF
Lot Size0.17 Acres
Price / SF$220
Days on Market107
Property Features for 1021 S 3rd Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Gen Ind
- Security features
- Security System
- Interior features
- Overhead doors, Truck dr(s) 15ft or lower, Security system
- Standard status
- Active
- APN
- 291-0815-0431-040
- Size
- 2,500 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4942
Building Details
- Year built
- 1957
- Number of units
- 1
- Roof type
- Flat
Listing Agency:
Tandem Realty Group
(608) 239-8826
Listed By:
Chris Wahl
(608) 239-8826
Added: Apr 8
Changed: Jul 23
Last Checked: Jul 23 at 3:06PM
MLS# 2019941
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained, full-service gas station and automotive repair facility was originally established in 1958 and expanded in 1992. The fuel delivery system includes two dual-sided pumps (2022) supported by two 6,000-gallon fiberglass tanks (1991), with a recently completed tank tightness test. The service area is set up with five bays and three car lifts for immediate operational capability, and the property also includes a new rubber roof (2021) and all LED lighting.
The property is zoned Gen Ind and sits within a planned Mixed Use Area of the City of Watertown Comprehensive Plan (map 6a). Showings are by appointment only, with weekends preferred, and please do not disturb ongoing business operations as the current business will be relocating to a new location in Watertown.
The site offers a compact, service-oriented configuration combining fuel dispensing and in-bay automotive repair operations in a turnkey package.
The property is zoned Gen Ind and sits within a planned Mixed Use Area of the City of Watertown Comprehensive Plan (map 6a). Showings are by appointment only, with weekends preferred, and please do not disturb ongoing business operations as the current business will be relocating to a new location in Watertown.
The site offers a compact, service-oriented configuration combining fuel dispensing and in-bay automotive repair operations in a turnkey package.
Key Highlights
- Full service gas station and automotive repair facility; established in 1958 and expanded in 1992
- Fuel delivery system includes 2 dual‑sided pumps (2022) and two 6,000‑gallon fiberglass tanks (1991)
- Recently completed tank tightness test reported for the fuel tanks
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.4k | $18.96 |
| − Vacancy | −$1.9k | −$0.76 |
| EGI | $45.5k | $18.20 |
| − OpEx | −$11.4k | −$4.55 |
| NOI | $34.1k | $13.65 |
2,500 SF · lease $18.96/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$487.5K
$426.6K – $568.8K
NOI $34,128 @ 7.0% cap · market cap 6.21%
Second Best
Retail
$331.2K
$289.8K – $386.4K
NOI $23,184 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Steve's South Side ...
Gas Station
Schaefer's Auto Repair ...
Auto Repair Shop
S KOHLHOFF
Gas Station
FAQs
What type of property is this?
Gas station - Turnkey full-service fuel and five-bay repair facility with three car lifts and recently upgraded LED lighting.
Where is this gas station located?
The property is located at 1021 S 3rd Street Watertown, WI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Full service gas station and automotive repair facility; established in 1958 and expanded in 1992; Fuel delivery system includes 2 dual‑sided pumps (2022) and two 6,000‑gallon fiberglass tanks (1991); Recently completed tank tightness test reported for the fuel tanks
