Building Details

Building Size 5,307 SF

Year Built 1900

Year Renovated 2025

Stories 2

Units 3

Tenancy Multi

Listing Agency: BRIX Real Estate m***@realtyexecutives.com Show Phone

Listed By: Marvin P Karth Show Phone

Source: Juverealestate

Added: Jun 22 Changed: Aug 8 Last Checked: Aug 10 at 12:22PM

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Investment Insights

Based on property information with market context.

Roxie's Bar and Grill is a 5,307-square-foot bar and restaurant property at 115 Soo Avenue E in Almena, Wisconsin. The sale includes bar and restaurant equipment, remaining inventory, furniture, personal property, a pull-tab machine, and an ATM. Certain items are leased and may be available for buyer assumption.

The property includes a furnished efficiency apartment adjoining the bar and a furnished three-bedroom apartment on the upper level. An additional vacant upstairs area offers space that can be converted into two two-bedroom apartments. Building improvements include a new electrical system, central air conditioning, and a roof completed in 2025. Built in 1900, the property is zoned Business/Commercial and sits along an ATV and snowmobile trail.

Key Highlights

• 5,307 SF bar and restaurant property at 115 Soo Avenue E, Almena, WI 54805
• Bar and restaurant equipment, inventory, furniture, personal property, pull‑tab machine, and ATM included
• Furnished efficiency apartment located directly off the bar

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

$22,077

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

7.48%

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%

$441,540 $441.5K

Cap Rate 7%

$315,386 $315.4K

Cap Rate 9%

$245,300 $245.3K

Market Conditions

NOI Build-Up for 5,307 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

$42.0K $7.92/SF

− Vacancy

−$1.9K −$0.36/SF

EGI

$40.1K $7.56/SF

− OpEx

−$18.1K −$3.40/SF

NOI

$22.1K $4.16/SF

Area

Barron County, WI

Vacancy

4.50%

Lease Rate

$7.92 /SF/Yr

Expense Ratio

45.00%

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%

$441,540

Cap Rate 7%

$315,386

Cap Rate 9%

$245,300

Alternative Uses

Best Use

Mixed Use

$1.05M

$915.5K – $1.22M (±1% cap)

NOI $73,237 @ 7.0% cap · market cap 24.83%

Second Best

Specialty Retail

$664.6K

$581.5K – $775.4K (±1% cap)

NOI $46,521 @ 7.0% cap · market cap 15.77%

Theoretical Best

Warehouse

$4.26M

$3.73M – $4.97M (±1% cap)

NOI $298,482 @ 7.0% cap · market cap 101.18%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Bars & Pubs

Suggested Use

Top Pick Building Supply Storage Facility Bakery (Bike/Boat/Book/etc) Store Butcher HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

57

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 54805, WI

1,444

Population

790

Households

1.8

Avg Household Size

43

Median Age

13%

College-Educated

88%

High-School Grad

31.2 sq mi

ZIP Area

46

Density / Sq Mi

$62,917

Median Household Income

$41,862

Median Earnings

$664

Median Rent

$171,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Roxie's Bar & Grill — 119 Soo Ave E, Almena, WI 54805
• Cheers — 142 Soo Ave E, Almena, WI 54805

Frequently Asked Questions

What type of property is this?

Bar & Pub - Operating bar and restaurant property with furnished apartments and included equipment.

Where is this bar & pub located?

The property is located at 115 Soo Avenue E Almena, WI.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: 5,307 SF bar and restaurant property at 115 Soo Avenue E, Almena, WI 54805; Bar and restaurant equipment, inventory, furniture, personal property, pull‑tab machine, and ATM included; Furnished efficiency apartment located directly off the bar