Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    668 W Kemp St Rhinelander, WI 54501

    View on Map
    Sponsored
    For Sale
    $6,100,000

    100-unit hotel, prime location, high revenue.

    Property size:
    89,008 SF

    Property Features for 668 W Kemp St

    General Information

    Property type
    Hotels
    Square Feet
    89,008 SF
    Price / Square Foot
    $68
    Elevators
    N/A

    Building Details

    Year Built
    1972
    Buildings
    1
    Stories
    2
    Units
    100

    Overview

    100-Unit Hotel in Rhinelander, WI

    The Quality Inn in Rhinelander, Wisconsin, features 100 guest rooms, including three suites. The hotel is the largest full-service hotel north of Wausau. There are 50 double beds and 47 king beds. The second floor has been recently remodeled, including new furniture, and the first ten rooms on the main floor are nearing completion of their remodel. Located off Highways 8 and 47, the hotel has access to Rhinelander-Oneida County Airport, Nicolet Area Technical College, and the Rhinelander Ice Arena. The property includes a conference room, a full-service bar with a liquor license and upgraded food license, a pool table, pull-tab machines, smart dart boards, and an indoor cornhole area. The hotel's 2023 gross sales were $1,728,765, and room revenue was $1,644,980. The property is near the Rhinelander Logging Museum Complex, Mole Lake Casino, and the Camp Five Museum, home of the Lumberjack Steam Train. The hotel's event spaces are booked into 2026. The building is a two-story, interior corridor structure with concrete construction. The property is situated approximately 190 miles from Madison and 60 miles from Eagle River. The property size is 89008 square feet.

    We can help!

    Listing Contact
    Andrew Post

    Learn more

    Property Insight Report

    HighLights

    • Largest full‑service hotel in Rhinelander, WI, with 100 units.
    • Convenient location near airport, college, and area attractions.
    • Features a full bar, upgraded food license, and ample event space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Rhinelander
    State
    Wisconsin
    Longitude
    -89.433923
    Latitude
    45.633394

    Nearby Similar for Sale

    • New
      $349,750
      0.17 Acres

      Mixed-Use Property in Rhinelander, WI

      Updated living quarters with commercial and storage space.
      11 Keenan St W, Rhinelander, WI 54501
      View Details
    • $390,000
      0.23 Acres

      Downtown Rhinelander Commercial Building

      Commercial building in Rhinelander's Downtown District with over 7,000 sq. ft.
      33 King St W, Rhinelander, WI 54501
      View Details
    • $459,900
      5,800 SF

      Mixed-Use Building in Rhinelander, WI

      Multi-use commercial/residential building with retail, office, and apartments.
      400-406 Pelham St S, Rhinelander, WI 54501
      View Details
    • $569,900
      0.70 Acres

      Multi-Use Property in Rhinelander, WI

      Multi-building commercial property with residential and retail/office spaces.
      400-416 Pelham St S, Rhinelander, WI 54501
      View Details
    • $359,000
      2,665 SF

      Rhinelander Commercial Property with Residence

      Commercial property with showroom, office, storage, and residential building.
      1409 Lincoln St, Rhinelander, WI 54501
      View Details
    • $399,900
      2.00 Acres

      Turnkey Restaurant and Bar Opportunity

      Restaurant/bar with updated interior, outdoor entertainment spaces near Rhinelander.
      6776 Cth K, Rhinelander, WI 54501
      View Details
    • $199,900
      2,000 SF

      Rhinelander Three-Unit Office Building

      Three-unit office building in Rhinelander with high traffic counts.
      416 Pelham St S, Rhinelander, WI 54501
      View Details
    • $165,000
      1.34 Acres

      Storage Building on 1.5 Acres

      50x30 storage building on just under 1.5 acres.
      4068 Hillside Ct, Rhinelander, WI 54501
      View Details
    • $545,000
      11,391 SF

      Rhinelander Storefront Investment Opportunity

      High-Yield Retail Property, 100% Occupied
      51 Brown St, Rhinelander, WI 54501
      View Details
    • $499,000
      8,500 SF

      Rhinelander Retail Investment Opportunity

      High-traffic retail building, two units, great potential.
      535 Lincoln St, Rhinelander, WI 54501
      View Details
    • $325,000
      3,150 SF

      Rhinelander Auto Repair Facility

      Established Business, Turn-Key Opportunity
      1874 Stevens St, Rhinelander, WI 54501
      View Details
    • $2,800,012
      18,500 SF

      Prime Rhinelander Office Building

      18,500 SF Government Office, 100% Occupied
      2187 Stevens St, Rhinelander, WI 54501
      View Details

    FAQs

    What type of property is this?
    Hotel - 100-unit hotel, prime location, high revenue.
    Where is this hotel located?
    The property is located at 668 W Kemp St Rhinelander, WI.
    What is the asking price?
    The asking price for this property is $6,100,000.
    What are key features of this property?
    This property features: Largest full-service hotel in Rhinelander, WI, with 100 units.; Convenient location near airport, college, and area attractions.; Features a full bar, upgraded food license, and ample event space.
    (805) 557-8857
    Request Owner's contact information
    668 W Kemp St Rhinelander, WI 54501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    668 W Kemp St
    Rhinelander, WI 54501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    668 W Kemp St Rhinelander, WI 54501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andrew Post
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!