Car Wash with Interstate
For Sale
$650,000
3632 S Taylor Dr, Sheboygan, WI 53081
Existing car wash improvements sit beside McDonald’s along a heavily traveled commercial corridor.
Property Size2,491 SF
Lot Size1.00 Acre
Price / SF$260.94
Days on Market26
Property Features for 3632 S Taylor Dr
General Information
Standard status
Active
Size
2,491 SF
Lot size
1.00 Acre
Zoning
Retail or Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
retail, office
Building Details
Year Built
1999
Listing Agency:
NAI Pfefferle - Sheboygan
(920) 783-6330
Listed By:
Dane Checolinski · License #8440294
Source:
Nikolicgroup
Added: Aug 5
Changed: Aug 30
Last Checked: Aug 30 at 10:30AM
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 NAI Pfefferle - Sheboygan
Investment Insights
Based on property information with market context.
This car wash property includes an existing facility built in 1999 on approximately 1 acre. The improvements have not operated for approximately two years, and current operational capacity is unknown. The site is zoned for retail or office use, supporting consideration of continued automotive use or a different commercial application consistent with the zoning.
Located at 3632 S. Taylor Dr. in Sheboygan, the property fronts an interstate-facing commercial corridor and is positioned on a frontage road. McDonald’s is adjacent, with big-box retailers and business parks established nearby. The setting provides exposure to local and interstate traffic and direct access from a commercial roadway.
Located at 3632 S. Taylor Dr. in Sheboygan, the property fronts an interstate-facing commercial corridor and is positioned on a frontage road. McDonald’s is adjacent, with big-box retailers and business parks established nearby. The setting provides exposure to local and interstate traffic and direct access from a commercial roadway.
Key Highlights
- Approximately 1 acre with interstate frontage
- Existing car wash facility built in 1999
- Car wash has been non‑operational for approximately two years
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
$32,754
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
5.04%
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%
$655,080
$655.1K
Cap Rate 7%
$467,914
$467.9K
Cap Rate 9%
$363,933
$363.9K
Market Conditions
NOI Build-Up for 2,491 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
$44.8K $18.00/SF
− Vacancy
−$1.2K −$0.47/SF
EGI
$43.7K $17.53/SF
− OpEx
−$10.9K −$4.38/SF
NOI
$32.8K $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%
$655,080
Cap Rate 7%
$467,914
Cap Rate 9%
$363,933
Alternative Uses
Best Use
Specialty Retail
$467.9K
$409.4K – $545.9K
NOI $32,754 @ 7.0% cap · market cap 5.04%
Second Best
Retail
$393.0K
$343.9K – $458.6K
NOI $27,513 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$542.9K
$475.0K – $633.4K
NOI $38,002 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
466k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 32%
Dining 24%
Apparel 16%
Home Improvements & Furnishings 12%
Walmart
Superstores
76,904 visits/mo
0.3 miles
Target
Superstores
70,249 visits/mo
0.4 miles
T.J. Maxx
Apparel
37,386 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
30,782 visits/mo
0.3 miles
Five Below
Shops & Services
24,706 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Existing car wash improvements sit beside McDonald’s along a heavily traveled commercial corridor.
Where is this car wash located?
The property is located at 3632 S Taylor 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: Approximately 1 acre with interstate frontage; Existing car wash facility built in 1999; Car wash has been non‑operational for approximately two years
