Retail Gas Station
For Sale
Contact for pricing
8020 Durand Ave, Sturtevant, WI 53177
For-sale retail property in Sturtevant, WI.
Property Size14,268 SF
Price / SF$238.65
Days on Market199
Property Features for 8020 Durand Ave
General Information
Standard status
Active
Size
14,268 SF
Total Parking Spaces
40
Property subtype
Retail
Zoning
C-1
Lease Type
NNN
Building Details
Year Built
1980
Tenancy
Single
Listing Agency:
Anderson Commercial Group
Listed By:
Brock Anderson · License #WI 86279 - 94
(414) 425-2700
Source:
Crexi
Added: Feb 19
Changed: Aug 13
Last Checked: Sep 2 at 3:20PM
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 Anderson Commercial Group
Investment Insights
Based on property information with market context.
This for-sale retail property totals 14,268 square feet and is presented in the market as a gas station/automotive-oriented commercial asset. The offering is classified as retail space within a broader set of commercial real estate property types.
The property is located at 8020 Durand Ave in Sturtevant, Wisconsin (53177).
The property is located at 8020 Durand Ave in Sturtevant, Wisconsin (53177).
Key Highlights
- Retail property for sale in Sturtevant, WI
- 14,268 SF retail building
- Built in 1980
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
$198,063
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
5.82%
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%
$3,961,260
$4.0M
Cap Rate 7%
$2,829,471
$2.8M
Cap Rate 9%
$2,200,700
$2.2M
Market Conditions
NOI Build-Up for 14,268 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
$273.9K $19.20/SF
− Vacancy
−$9.9K −$0.69/SF
EGI
$264.1K $18.51/SF
− OpEx
−$66.0K −$4.63/SF
NOI
$198.1K $13.88/SF
Area
Racine County, WI
Vacancy
3.60%
Lease Rate
$19.20 /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%
$3,961,260
Cap Rate 7%
$2,829,471
Cap Rate 9%
$2,200,700
Alternative Uses
Best Use
Specialty Retail
$2.83M
$2.48M – $3.30M
NOI $198,063 @ 7.0% cap · market cap 5.82%
Second Best
Retail
$2.07M
$1.81M – $2.42M
NOI $145,170 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $240,182 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
66k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 97%
Shops & Services 3%
Blain's Farm & Fleet
Apparel
49,043 visits/mo
0.4 miles
Goodwill
Apparel
15,315 visits/mo
0.5 miles
Batteries Plus Bulbs
Shops & Services
1,727 visits/mo
0.5 miles
Demographics for 53177, WI
8,482
Population
2,566
Households
3.3
Avg Household Size
40
Median Age
24%
College-Educated
90%
High-School Grad
27.6 sq mi
ZIP Area
307
Density / Sq Mi
$77,409
Median Household Income
$46,314
Median Earnings
$1,295
Median Rent
$228,900
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 - For-sale retail property in Sturtevant, WI.
Where is this gas station located?
The property is located at 8020 Durand Ave Sturtevant, WI.
What is the asking price?
The asking price for this property is $3,405,000.
What are key features of this property?
This property features: Retail property for sale in Sturtevant, WI; 14,268 SF retail building; Built in 1980
