Restaurant/Retail/Office Building For
For Sale
$330,000
115 6th St, Marshfield, WI 54449
Former gourmet cooking school with retail, dining, and office space.
Property Size2,038 SF
Price / SF$161.92
Days on Market764
Property Features for 115 6th St
General Information
Standard status
Active
Size
2,038 SF
Property subtype
General Commercial
Amenities
Central Air
3
Shingle
Commercial
Parking.
Street Parking.
Building Details
Year Built
2004
Listing Agency:
NAI PFEFFERLE
(715) 261-2922
Listed By:
ARK RHOWMINE · License #549890
(715) 297-1953
Source:
Xome
Added: Jul 24, 2024
Changed: Aug 25
Last Checked: Aug 26 at 6:54AM
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 NAI PFEFFERLE
Investment Insights
Based on property information with market context.
This property, originally built in 1887 with a main wing added in 2004, features two show floors or dining rooms, a full commercial kitchen, and a full basement. The building is one and a half stories, with an office located on the second floor. It includes an outdoor patio and garden. A partial basement is located under the newer section of the building. The property has ADA entry and restroom. With a size of 2038 square feet, this retail, office, or restaurant space is located near the downtown retail district in Marshfield. Street parking is available. It is ideal for a boutique dining club.
Key Highlights
- Full commercial kitchen ideal for restaurant or catering business.
- Located near downtown retail district in Marshfield.
- Two show floors or dining room areas.
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
$27,676
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
8.39%
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%
$553,520
$553.5K
Cap Rate 7%
$395,371
$395.4K
Cap Rate 9%
$307,511
$307.5K
Market Conditions
NOI Build-Up for 2,038 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
$38.6K $18.96/SF
− Vacancy
−$1.7K −$0.85/SF
EGI
$36.9K $18.11/SF
− OpEx
−$9.2K −$4.53/SF
NOI
$27.7K $13.58/SF
Area
Wood County, WI
Vacancy
4.50%
Lease Rate
$18.96 /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%
$553,520
Cap Rate 7%
$395,371
Cap Rate 9%
$307,511
Alternative Uses
Best Use
Specialty Retail
$395.4K
$346.0K – $461.3K
NOI $27,676 @ 7.0% cap · market cap 8.39%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
82k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Groceries 33%
Dining 10%
Home Improvements & Furnishings 10%
Kwik Trip
Shops & Services
30,398 visits/mo
0.5 miles
Pick 'n Save
Groceries
27,206 visits/mo
0.2 miles
True Value Hardware
Home Improvements & Furnishings
6,961 visits/mo
0.1 miles
Associated Bank
Shops & Services
3,618 visits/mo
0.2 miles
KFC
Dining
3,269 visits/mo
0.3 miles
Demographics for 54449, WI
26,417
Population
12,455
Households
2.1
Avg Household Size
43
Median Age
27%
College-Educated
94%
High-School Grad
172.4 sq mi
ZIP Area
153
Density / Sq Mi
$66,611
Median Household Income
$43,612
Median Earnings
$812
Median Rent
$194,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- West 14th Restaurant — 108 W 9th St, Marshfield, WI 54449
Frequently Asked Questions
What type of property is this?
Restaurant - Former gourmet cooking school with retail, dining, and office space.
Where is this restaurant located?
The property is located at 115 6th St Marshfield, WI.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Full commercial kitchen ideal for restaurant or catering business.; Located near downtown retail district in Marshfield.; Two show floors or dining room areas.
