Fuel and Convenience
404 N Parker Drive Janesville, WI 53545
For Sale
$950,000
Long-standing fuel and convenience store operating since 1978 on a signalized corner in Janesville.
Property Size2,753 SF
Price / SF$345.08
Days on Market121
Property Features for 404 N Parker Drive
General Information
- Standard status
- Active
- Size
- 2,753 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1978
Listing Agency:
EXIT Realty HGM
(262) 475-1776
Listed By:
Brian Lawton · License #7972394
(262) 475-1776
Source:
Xome
Added: Mar 26
Changed: Jul 23
Last Checked: Jul 24 at 5:44AM
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 EXIT Realty HGM
Investment Insights
Based on property information with market context.
This fuel and convenience store has been operating since 1978 and offers fuel sales alongside inside sales, including liquor, plus additional ancillary income. The property is currently described as absentee-owned.
The site is positioned on a signalized hard corner at 404 N Parker Drive in Janesville, with the public remarks citing strong daily traffic counts. The remarks also note a fuel supply structure that provides ownership flexibility in pricing strategy and margin control, and they indicate potential to expand prepared food offerings with hands-on management.
The site is positioned on a signalized hard corner at 404 N Parker Drive in Janesville, with the public remarks citing strong daily traffic counts. The remarks also note a fuel supply structure that provides ownership flexibility in pricing strategy and margin control, and they indicate potential to expand prepared food offerings with hands-on management.
Key Highlights
- Fuel and convenience store operating since 1978 at 404 N Parker Dr in Janesville
- Located on a signalized hard corner
- Zoned B6
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.5k | $21.60 |
| − Vacancy | −$1.5k | −$0.56 |
| EGI | $57.9k | $21.04 |
| − OpEx | −$14.5k | −$5.26 |
| NOI | $43.4k | $15.78 |
2,753 SF · lease $21.60/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$620.6K
$543.0K – $724.0K
NOI $43,439 @ 7.0% cap · market cap 4.57%
Second Best
Retail
$474.7K
$415.4K – $553.9K
NOI $33,231 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$661.6K
$578.9K – $771.8K
NOI $46,310 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
All U Need
Grocery & Convenience Store
Taneja Liquors
(Bike/Boat/Book/etc) Store
Citgo Quick Mart
Gas Station
Citgo
Gas Station
FAQs
What type of property is this?
Gas station - Long-standing fuel and convenience store operating since 1978 on a signalized corner in Janesville.
Where is this gas station located?
The property is located at 404 N Parker Drive Janesville, WI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Fuel and convenience store operating since 1978 at 404 N Parker Dr in Janesville; Located on a signalized hard corner; Zoned B6
