Established Fuel and Convenience
For Sale
Contact for pricing
404 N Parker, Janesville, WI 53545
Long-standing fuel and convenience store with diversified revenue streams.
Property Size2,753 SF
Price / SF$335.96
Days on Market253
Property Features for 404 N Parker
General Information
Standard status
Active
Size
2,753 SF
Total Parking Spaces
12
Property subtype
Retail
Building Details
Year Built
1978
Units
1
Listing Agency:
EXIT REALTY HGM
Listed By:
Lawton Team · License #79723-94
Source:
Crexi
Added: Feb 13
Changed: Oct 14
Last Checked: Oct 23 at 4:48AM
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
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Investment Insights
Based on property information with market context.
This property presents an opportunity to acquire a fuel and convenience store located at 404 N Parker Dr in Janesville. The business, operating since 1978, benefits from its position on a signalized hard corner with high daily traffic. The location has established a community presence and repeat customer loyalty. Revenue streams include fuel sales, inside sales with liquor, and ancillary income. The fuel supply structure allows pricing strategy flexibility. The operation is currently absentee-owned, presenting an opportunity for a hands-on owner to streamline expenses and improve merchandising. The property size is 2753 square feet.
Key Highlights
- Established business since 1978, benefiting from nearly five decades of community presence and customer loyalty.
- Located on a signalized hard corner with strong daily traffic counts.
- Diversified revenue streams including fuel sales, strong inside sales with liquor, and ancillary income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,439
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,780
$868.8K
Cap Rate 7%
$620,557
$620.6K
Cap Rate 9%
$482,656
$482.7K
Market Conditions
NOI Build-Up for 2,753 SF
Gross rent
$59.5K $21.60/SF
− Vacancy
−$1.5K −$0.56/SF
EGI
$57.9K $21.04/SF
− OpEx
−$14.5K −$5.26/SF
NOI
$43.4K $15.78/SF
Area
Rock County, WI
Vacancy
2.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,780
Cap Rate 7%
$620,557
Cap Rate 9%
$482,656
Alternative Uses
Best Use
Specialty Retail
$620.6K
$543.0K – $724.0K
NOI $43,439 @ 7.0% cap · market cap 4.70%
Second Best
Retail
$474.7K
$415.4K – $553.9K
NOI $33,231 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$661.6K
$578.9K – $771.8K
NOI $46,310 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
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Business Placement
Demographics for 53545, WI
23,318
Population
11,170
Households
2.1
Avg Household Size
41
Median Age
29%
College-Educated
94%
High-School Grad
22.5 sq mi
ZIP Area
1,036
Density / Sq Mi
$70,730
Median Household Income
$42,567
Median Earnings
$1,006
Median Rent
$204,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Gas station - Long-standing fuel and convenience store with diversified revenue streams.
Where is this gas station located?
The property is located at 404 N Parker Janesville, WI.
What is the asking price?
The asking price for this property is $924,900.
What are key features of this property?
This property features: Established business since 1978, benefiting from nearly five decades of community presence and customer loyalty.; Located on a signalized hard corner with strong daily traffic counts.; Diversified revenue streams including fuel sales, strong inside sales with liquor, and ancillary income.
