BP Gas Station with
For Sale
Contact for pricing
3987 Algoma Rd, New Franken, WI 54229
Fuel service, convenience retail, and a cafe are combined in one commercial property.
Property Size5,900 SF
Price / SF$404.92
Days on Market44
Property Features for 3987 Algoma Rd
General Information
Standard status
Active
Size
5,900 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$167,240
Building Details
Year Built
1999
Year Renovated
2016
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Drew Isaac · License #CO FA.100023779
Source:
Crexi
Added: Jul 18
Changed: Aug 30
Last Checked: Aug 17 at 4:15AM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
This BP-branded commercial property combines a fuel station, convenience store, and cafe within a 5,900-square-foot building. Constructed in 1999, the property brings multiple customer-facing functions together under one roof.
The site is located at 3987 Algoma Rd in New Franken, Wisconsin. The offering reflects a 6.30% CAP rate for buyers evaluating the property as a commercial acquisition.
The site is located at 3987 Algoma Rd in New Franken, Wisconsin. The offering reflects a 6.30% CAP rate for buyers evaluating the property as a commercial acquisition.
Key Highlights
- 5,900‑square‑foot commercial building
- BP‑branded fuel station with convenience store and cafe
- Built in 1999
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
$77,579
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
3.25%
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%
$1,551,580
$1.6M
Cap Rate 7%
$1,108,271
$1.1M
Cap Rate 9%
$861,989
$862.0K
Market Conditions
NOI Build-Up for 5,900 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
$106.2K $18.00/SF
− Vacancy
−$2.8K −$0.47/SF
EGI
$103.4K $17.53/SF
− OpEx
−$25.9K −$4.38/SF
NOI
$77.6K $13.15/SF
Area
Brown 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%
$1,551,580
Cap Rate 7%
$1,108,271
Cap Rate 9%
$861,989
Alternative Uses
Best Use
Industrial
$4.06M
$3.56M – $4.74M
NOI $284,406 @ 7.0% cap · market cap 11.90%
Second Best
Specialty Retail
$1.11M
$969.7K – $1.29M
NOI $77,579 @ 7.0% cap · market cap 3.25%
Theoretical Best
Warehouse
$4.93M
$4.32M – $5.76M
NOI $345,350 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
3,727 visits/mo
0.1 miles
U-Haul
Shops & Services
2,013 visits/mo
0.4 miles
Demographics for 54229, WI
4,405
Population
1,976
Households
2.2
Avg Household Size
44
Median Age
27%
College-Educated
98%
High-School Grad
38.6 sq mi
ZIP Area
114
Density / Sq Mi
$93,456
Median Household Income
$57,765
Median Earnings
$1,110
Median Rent
$278,100
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 - Fuel service, convenience retail, and a cafe are combined in one commercial property.
Where is this gas station located?
The property is located at 3987 Algoma Rd New Franken, WI.
What is the asking price?
The asking price for this property is $2,389,000.
What are key features of this property?
This property features: 5,900‑square‑foot commercial building; BP‑branded fuel station with convenience store and cafe; Built in 1999
