Truck Stop With Service
New
For Sale
$3,250,000
3462 Town Hall Rd, Kewaskum, WI 53040
Three-building commercial campus with yard area for truck and equipment operations.
Property Size27,382 SF
Lot Size8.00 Acres
Price / SF$118.69
Days on Market4
Property Features for 3462 Town Hall Rd
General Information
Standard status
Active
Size
27,382 SF
Lot size
8.00 Acres
Additional Details
Outdoor Storage
Yes
Building Details
Year Built
1972
Buildings
3
Listing Agency:
Boss Realty, LLC
Listed By:
Thomas Zernia · License #5745190
(262) 689-0022
Source:
Nikolicgroup
Added: Sep 10
Last Checked: Sep 12 at 2:44PM
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 Boss Realty, LLC
Investment Insights
Based on property information with market context.
This truck stop property includes three commercial buildings totaling approximately 27,382 square feet on approximately 8 acres. The buildings measure approximately 15,284 square feet, 8,570 square feet, and 3,528 square feet, creating a substantial combination of enclosed facilities and outdoor yard space.
The property is currently used by a trucking company supporting brokerage, semi-truck and trailer sales, and service operations. Its layout includes yard area for parking and storage, with access suitable for large vehicles and equipment. Located at 3462 Town Hall Rd in Barton, Wisconsin, the property was built in 1972.
The property is currently used by a trucking company supporting brokerage, semi-truck and trailer sales, and service operations. Its layout includes yard area for parking and storage, with access suitable for large vehicles and equipment. Located at 3462 Town Hall Rd in Barton, Wisconsin, the property was built in 1972.
Key Highlights
- Approximately 8 acres of commercial property
- Three buildings totaling approximately 27,382 square feet
- Buildings measure approximately 15,284 SF, 8,570 SF, and 3,528 SF
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
$99,708
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
3.07%
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%
$1,994,160
$2.0M
Cap Rate 7%
$1,424,400
$1.4M
Cap Rate 9%
$1,107,867
$1.1M
Market Conditions
NOI Build-Up for 27,382 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
$149.8K $5.47/SF
− Vacancy
−$7.3K −$0.27/SF
EGI
$142.4K $5.20/SF
− OpEx
−$42.7K −$1.56/SF
NOI
$99.7K $3.64/SF
Area
Washington County, WI
Vacancy
4.90%
Lease Rate
$5.47 /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%
$1,994,160
Cap Rate 7%
$1,424,400
Cap Rate 9%
$1,107,867
Alternative Uses
Best Use
Retail
$4.75M
$4.16M – $5.54M
NOI $332,593 @ 7.0% cap · market cap 10.23%
Second Best
Industrial
$1.42M
$1.25M – $1.66M
NOI $99,708 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$7.53M
$6.59M – $8.78M
NOI $526,940 @ 7.0% cap · market cap 16.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 53040, WI
8,358
Population
3,377
Households
2.5
Avg Household Size
44
Median Age
24%
College-Educated
95%
High-School Grad
62.9 sq mi
ZIP Area
133
Density / Sq Mi
$99,425
Median Household Income
$55,637
Median Earnings
$981
Median Rent
$312,500
Median Home Value
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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?
Truck stop - Three-building commercial campus with yard area for truck and equipment operations.
Where is this truck stop located?
The property is located at 3462 Town Hall Rd Kewaskum, WI.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Approximately 8 acres of commercial property; Three buildings totaling approximately 27,382 square feet; Buildings measure approximately 15,284 SF, 8,570 SF, and 3,528 SF
