Newer Gas Station with
For Sale
$3,400,000
1441 N 26th St, Sheboygan, WI 53081
2022-built property combines fuel service, convenience retail, and an attached restaurant.
Property Size7,634 SF
Price / SF$445.38
Days on Market9
Property Features for 1441 N 26th St
General Information
Standard status
Active
Size
7,634 SF
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
2022
Listing Agency:
Century 21 Aspire Group
(920) 374-1282
Listed By:
Brad Broecker · License #5888990
Source:
Nikolicgroup
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 29 at 11:57AM
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 Century 21 Aspire Group
Investment Insights
Based on property information with market context.
Completed in 2022, this 7,634-square-foot commercial property brings together a gas station, convenience store, and attached restaurant in one integrated facility. The configuration supports multiple customer-facing uses within a newer-built asset.
The property is located at 1441 N 26th St in Sheboygan, near major highways and established neighborhoods. Its central setting places fuel service, convenience retail, and restaurant operations within the same commercial property.
The property is located at 1441 N 26th St in Sheboygan, near major highways and established neighborhoods. Its central setting places fuel service, convenience retail, and restaurant operations within the same commercial property.
Key Highlights
- 7,634‑square‑foot commercial property
- Gas station, convenience store, and attached restaurant
- Built in 2022
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
$100,379
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
2.95%
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%
$2,007,580
$2.0M
Cap Rate 7%
$1,433,986
$1.4M
Cap Rate 9%
$1,115,322
$1.1M
Market Conditions
NOI Build-Up for 7,634 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
$137.4K $18.00/SF
− Vacancy
−$3.6K −$0.47/SF
EGI
$133.8K $17.53/SF
− OpEx
−$33.5K −$4.38/SF
NOI
$100.4K $13.15/SF
Area
Sheboygan County, WI
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,007,580
Cap Rate 7%
$1,433,986
Cap Rate 9%
$1,115,322
Alternative Uses
Best Use
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $100,379 @ 7.0% cap · market cap 2.95%
Second Best
Retail
$1.20M
$1.05M – $1.41M
NOI $84,319 @ 7.0% cap · market cap 2.48%
Theoretical Best
Office A
$1.66M
$1.46M – $1.94M
NOI $116,463 @ 7.0% cap · market cap 3.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,319
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 72%
Shops & Services 25%
Hotels & Casinos 3%
Pick 'n Save
Groceries
28,079 visits/mo
0.2 miles
BP
Shops & Services
4,090 visits/mo
0.0 miles
Associated Bank
Shops & Services
3,327 visits/mo
0.5 miles
BMO Harris Bank
Shops & Services
2,427 visits/mo
0.4 miles
La Quinta Inn by Wyndham Sheboygan
Hotels & Casinos
1,241 visits/mo
0.4 miles
Demographics for 53081, WI
43,465
Population
20,121
Households
2.2
Avg Household Size
38
Median Age
22%
College-Educated
90%
High-School Grad
23.3 sq mi
ZIP Area
1,865
Density / Sq Mi
$62,401
Median Household Income
$42,329
Median Earnings
$866
Median Rent
$169,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - 2022-built property combines fuel service, convenience retail, and an attached restaurant.
Where is this gas station located?
The property is located at 1441 N 26th St Sheboygan, WI.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 7,634‑square‑foot commercial property; Gas station, convenience store, and attached restaurant; Built in 2022
