Gas Station with Convenience
For Sale
$650,000
2420 Calumet Dr, Sheboygan, WI 53083
Y, Sheboygan, WI
Property Size1,566 SF
Lot Size0.26 Acres
Price / SF$415.07
Days on Market305
Property Features for 2420 Calumet Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BB2
Standard status
Active
APN
59281603100
Size
1,566 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6081
Building Details
Year built
1982
Architectural style
Other
Listing Agency:
Century 21 Aspire Group · Century 21 Real Estate
(920) 663-1200
Listed By:
Brad Broecker · License #5888990
(920) 374-1282
Added: Nov 3, 2025
Changed: Aug 31
Last Checked: Sep 4 at 2:06PM
MLS# 1942012
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.
Investment Insights
Based on property information with market context.
This gas station property includes a 1,566-square-foot convenience store with food service and multiple fuel pumps. The customer area is described as clean and functional, with the store and fueling operation arranged as a combined retail offering. Built in 1982, the property occupies 0.26 acres and carries BB2 zoning.
The site is located at 2420 Calumet Dr in Sheboygan, Wisconsin, with access described as convenient for local customers and commuters. Major highways are situated minutes away, supporting access to the property from surrounding areas. The operating convenience store and fuel component provide an established commercial format for continued use.
The site is located at 2420 Calumet Dr in Sheboygan, Wisconsin, with access described as convenient for local customers and commuters. Major highways are situated minutes away, supporting access to the property from surrounding areas. The operating convenience store and fuel component provide an established commercial format for continued use.
Key Highlights
- 1,566‑square‑foot gas station and convenience store
- 0.26‑acre property at 2420 Calumet Dr, Sheboygan, WI 53083
- Multiple fuel pumps support on‑site fueling operations
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
104k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 49%
Electronics 1%
Kwik Trip
Shops & Services
27,395 visits/mo
0.2 miles
McDonald's
Dining
22,499 visits/mo
0.3 miles
Dollar Tree
Shops & Services
15,229 visits/mo
0.3 miles
Starbucks
Dining
10,935 visits/mo
0.3 miles
Wells Fargo
Shops & Services
4,391 visits/mo
0.4 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
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 - Operating convenience store with multiple fuel pumps combines food and fuel service at a single commercial property.
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: 1,566‑square‑foot gas station and convenience store; 0.26‑acre property at 2420 Calumet Dr, Sheboygan, WI 53083; Multiple fuel pumps support on‑site fueling operations
