Gas Station and Convenience
For Sale
$650,000
2420 Calumet Dr, Sheboygan, WI 53083
For sale gas station with a fully operational convenience store and multiple fuel pumps.
Property Size1,566 SF
Price / SF$415.07
Days on Market51
Property Features for 2420 Calumet Dr
General Information
Standard status
Active
Size
1,566 SF
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1982
Listing Agency:
Century 21 Aspire Group
Listed By:
Brad Broecker · License #5888990
(920) 374-1282
Source:
Nikolicgroup
Added: Jul 25
Changed: Sep 8
Last Checked: Sep 13 at 1:13PM
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.
This for-sale property is a gas station and convenience store with multiple fuel pumps and a fully operational convenience store. The site is described as well-maintained, with a clean, customer-friendly layout designed to support convenient walk-in service.
Located at 2420 Calumet Dr in Sheboygan, WI, the property is positioned centrally and described as minutes from major highways, supporting convenient access for both local residents and commuters.
The existing configuration combines fuel and convenience retail in one location, providing an owner-operator friendly setup centered on day-to-day sales activity.
Located at 2420 Calumet Dr in Sheboygan, WI, the property is positioned centrally and described as minutes from major highways, supporting convenient access for both local residents and commuters.
The existing configuration combines fuel and convenience retail in one location, providing an owner-operator friendly setup centered on day-to-day sales activity.
Key Highlights
- For sale gas station with a fully operational convenience store
- Multiple fuel pumps with gas and convenience retail in one stop
- Centrally located in Sheboygan, WI
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
$20,591
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
3.17%
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%
$411,820
$411.8K
Cap Rate 7%
$294,157
$294.2K
Cap Rate 9%
$228,789
$228.8K
Market Conditions
NOI Build-Up for 1,566 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
$28.2K $18.00/SF
− Vacancy
−$733 −$0.47/SF
EGI
$27.5K $17.53/SF
− OpEx
−$6.9K −$4.38/SF
NOI
$20.6K $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%
$411,820
Cap Rate 7%
$294,157
Cap Rate 9%
$228,789
Alternative Uses
Best Use
Specialty Retail
$294.2K
$257.4K – $343.2K
NOI $20,591 @ 7.0% cap · market cap 3.17%
Second Best
Retail
$247.1K
$216.2K – $288.3K
NOI $17,297 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$341.3K
$298.6K – $398.2K
NOI $23,891 @ 7.0% cap · market cap 3.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
98k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 47%
Electronics 1%
Kwik Trip
Shops & Services
27,395 visits/mo
0.3 miles
McDonald's
Dining
22,499 visits/mo
0.4 miles
Dollar Tree
Shops & Services
15,229 visits/mo
0.2 miles
Starbucks
Dining
10,935 visits/mo
0.4 miles
Dairy Queen
Dining
3,675 visits/mo
0.1 miles
Demographics for 53083, WI
21,768
Population
9,336
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
97%
High-School Grad
32.5 sq mi
ZIP Area
670
Density / Sq Mi
$77,739
Median Household Income
$47,255
Median Earnings
$1,001
Median Rent
$235,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Gas station - For sale gas station with a fully operational convenience store and multiple fuel pumps.
Where is this gas station located?
The property is located at 2420 Calumet Dr Sheboygan, WI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: For sale gas station with a fully operational convenience store; Multiple fuel pumps with gas and convenience retail in one stop; Centrally located in Sheboygan, WI
