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    Gas Station Convenience Store Title is generated by Realmo AI

    721 Fremont St, Kiel, WI 53042

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    Claim this Listing
    For Sale
    $1,100,000

    Retail,Storage - Kiel, WI

    Property size:
    5,880 SF
    Lot size:
    1.20 Acres
    Price / SF:
    $187/SF
    Added:
    Nov 4, 2025
    Days on Market:
    212
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for 721 Fremont St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B1
    Security features
    Security Lighting
    Interior features
    Rest Rooms
    Exterior features
    Fuel Tanks, Outside Storage, Pole Sign
    Standard status
    Active
    APN
    05169001400100
    Size
    5,880 SF
    Lot size
    1.20 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    5127.58

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1975
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Brad Broecker
    Brad Broecker

    Listing agent Brad Broecker License #58889-90

    Listing office Century 21 Aspire Group 822 S. 8th St., Manitowoc, WI 54220, Manitowoc, WI

    Listing date Nov 4, 2025

    MLS# 1941940 Listing URL

    Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Gas station convenience store on a large blacktop corner lot in the City of Kiel
    • 5,880 SF convenience store with hot food/pizza service areas, coffee bar with sitting area, and public restrooms
    • Fuel sales include regular, midgrade, and premium from 2 double pumps
    • New 34x45 gas canopy added in 2023
    • Brick building with metal roof; forced‑air natural gas heat and central air conditioning
    • Includes fuel tanks, outside storage, and an outbuilding for additional storage

    Overview

    This property is a well-equipped gas station and convenience store offering regular, midgrade, and premium fuels from two double pumps. The operation includes a large 5,880 square foot convenience store with hot food and pizza service areas, a coffee bar with sitting area, public restrooms, and additional local services. A transferable oil agreement is included, along with the equipment needed to continue the business as-is. The site also features a large blacktop corner lot, an outbuilding for additional storage, and space described as suitable for further expansion. A new 34x45 gas canopy was added in 2023.

    The business is located in the heart of the City of Kiel, Wisconsin, on Fremont Street, and is stated to be less than 2 miles from State Hwy 67. The property sits on 1.2 acres and is zoned B1.

    This offering is well suited for an owner-operator looking to take over a turnkey fuel and convenience concept, or for an investor seeking to add an operating gas station convenience store to a portfolio. Because the equipment and oil agreement are described as included and fully transferable, a buyer can focus on maintaining continuity of the current operation while leveraging the on-site storage and additional space noted for expansion.

    Local 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 $123.5k $21.00
    − Vacancy −$3.2k −$0.55
    EGI $120.3k $20.45
    − OpEx −$30.1k −$5.11
    NOI $90.2k $15.34
    5,880 SF · lease $21.00/SF/yr · vacancy 2.60% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.29M
    $1.13M – $1.50M (±1% cap)
    NOI $90,202 @ 7.0% cap · market cap 8.20%
    Second Best
    Retail
    $1.09M
    $950.1K – $1.27M (±1% cap)
    NOI $76,010 @ 7.0% cap · market cap 6.91%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Citgo Gas Station KIEL FOOD AND GAS-HOT ... Restaurant CENEX Gas Station Clark Gas Station ATM Atm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kiel
    County
    Manitowoc
    State
    Wisconsin
    Longitude
    -88.040483
    Latitude
    43.911922

    FAQs

    What type of property is this?
    Gas station - Turnkey gas station and convenience store with hot food service, coffee bar, and substantial storage on a corner lot.
    Where is this gas station located?
    The property is located at 721 Fremont St Kiel, WI.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Gas station convenience store on a large blacktop corner lot in the City of Kiel; 5,880 SF convenience store with hot food/pizza service areas, coffee bar with sitting area, and public restrooms; Fuel sales include regular, midgrade, and premium from 2 double pumps
    (920) 374-1282
    We can help!
    Listing Contact
    Brad Broecker
    Brad Broecker
    Real Estate License ID: 58889-90
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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