Liquor Store Retail
For Sale
$1,100,000
2019 S Business Dr, Sheboygan, WI 53081
Established liquor store retail space on a busy corner with high visibility, functional layout, and ample parking.
Property Size5,743 SF
Price / SF$191.54
Days on Market69
Property Features for 2019 S Business Dr
General Information
Standard status
Active
Size
5,743 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1972
Listing Agency:
Signature Realty, Inc.
Listed By:
Melissa K. Faul · License #9054462
(920) 606-4390
Source:
Moving2greenbay
Added: Jul 21
Changed: Sep 25
Last Checked: Sep 26 at 11:36AM
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 Signature Realty, Inc.
Investment Insights
Based on property information with market context.
This established liquor store offers a functional retail layout designed for an efficient shopping experience. The property is described as a turnkey opportunity, suited to an owner-operator or investor seeking to step into an ongoing business.
Located on a busy corner in a business district, the store benefits from strong exposure and traffic flow, serving both local residents and visitors. The listing also notes ample parking and easy customer access to support convenient on-site visits.
If you’re looking for a retail storefront where day-to-day operations can continue within an already-established liquor store concept, this property is offered for sale as presented in the remarks.
Located on a busy corner in a business district, the store benefits from strong exposure and traffic flow, serving both local residents and visitors. The listing also notes ample parking and easy customer access to support convenient on-site visits.
If you’re looking for a retail storefront where day-to-day operations can continue within an already-established liquor store concept, this property is offered for sale as presented in the remarks.
Key Highlights
- Established liquor store retail space on a busy corner in the business district
- High‑visibility location with strong exposure and traffic flow
- Functional layout designed for an efficient shopping experience
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
$63,432
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
5.77%
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%
$1,268,640
$1.3M
Cap Rate 7%
$906,171
$906.2K
Cap Rate 9%
$704,800
$704.8K
Market Conditions
NOI Build-Up for 5,743 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
$93.0K $16.20/SF
− Vacancy
−$2.4K −$0.42/SF
EGI
$90.6K $15.78/SF
− OpEx
−$27.2K −$4.73/SF
NOI
$63.4K $11.05/SF
Area
Sheboygan County, WI
Vacancy
2.60%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,268,640
Cap Rate 7%
$906,171
Cap Rate 9%
$704,800
Alternative Uses
Best Use
Retail
$906.2K
$792.9K – $1.06M
NOI $63,432 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,614 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
66k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 46%
Home Improvements & Furnishings 4%
Kwik Trip
Shops & Services
30,530 visits/mo
0.3 miles
McDonald's
Dining
21,934 visits/mo
0.3 miles
KFC
Dining
6,235 visits/mo
0.3 miles
BIGGBY COFFEE
Dining
4,598 visits/mo
0.4 miles
Ashley
Home Improvements & Furnishings
2,589 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Established liquor store retail space on a busy corner with high visibility, functional layout, and ample parking.
Where is this retail space located?
The property is located at 2019 S Business Dr Sheboygan, WI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Established liquor store retail space on a busy corner in the business district; High‑visibility location with strong exposure and traffic flow; Functional layout designed for an efficient shopping experience
