Convenience Store with Gas
For Sale
$299,000
2995 Lake Rd, Barnes, WI 54873
Established retail business offers bait, beverages, fuel, and convenience services.
Property Size2,736 SF
Price / SF$109.28
Days on Market22
Property Features for 2995 Lake Rd
General Information
Standard status
Active
Size
2,736 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1970
Listing Agency:
RE/MAX Cornerstone
(715) 566-0004
Listed By:
John P Tinman, James Tinman · License #58005-90
Source:
Homesminn
Added: Aug 8
Changed: Aug 28
Last Checked: Aug 29 at 11:45AM
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 RE/MAX Cornerstone
Investment Insights
Based on property information with market context.
This established convenience retail business occupies 2,736 square feet and was built in 1970. The operation combines everyday retail offerings with fuel service, including gas pumps, food and beverages, a full beer and liquor inventory, bait and tackle, clothing, and movie rentals. Additional services include LP refilling and compressed air.
The business is situated in the Eau Claire Chain of Lakes area and serves local residents, tourists, and fishermen. Its customer base also includes people visiting nearby cabins and travelers passing through the area. The offering provides an operating retail business with an established range of merchandise and services already in place.
The business is situated in the Eau Claire Chain of Lakes area and serves local residents, tourists, and fishermen. Its customer base also includes people visiting nearby cabins and travelers passing through the area. The offering provides an operating retail business with an established range of merchandise and services already in place.
Key Highlights
- 2,736‑square‑foot convenience retail business
- Gas pumps support on‑site fuel sales
- Extensive bait and tackle selection
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
$11,059
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
3.70%
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%
$221,180
$221.2K
Cap Rate 7%
$157,986
$158.0K
Cap Rate 9%
$122,878
$122.9K
Market Conditions
NOI Build-Up for 2,736 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
$16.1K $5.88/SF
− Vacancy
−$290 −$0.11/SF
EGI
$15.8K $5.77/SF
− OpEx
−$4.7K −$1.73/SF
NOI
$11.1K $4.04/SF
Area
Douglas County, WI
Vacancy
1.80%
Lease Rate
$5.88 /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%
$221,180
Cap Rate 7%
$157,986
Cap Rate 9%
$122,878
Alternative Uses
Best Use
Specialty Retail
$862.6K
$754.8K – $1.01M
NOI $60,385 @ 7.0% cap · market cap 20.20%
Second Best
Retail
$479.7K
$419.7K – $559.6K
NOI $33,577 @ 7.0% cap · market cap 11.23%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54873, WI
3,009
Population
2,904
Households
1
Avg Household Size
54
Median Age
29%
College-Educated
95%
High-School Grad
265.2 sq mi
ZIP Area
11
Density / Sq Mi
$85,909
Median Household Income
$42,721
Median Earnings
$836
Median Rent
$232,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established retail business offers bait, beverages, fuel, and convenience services.
Where is this grocery and convenience store located?
The property is located at 2995 Lake Rd Barnes, WI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,736‑square‑foot convenience retail business; Gas pumps support on‑site fuel sales; Extensive bait and tackle selection
