Turn-Key Bar and
For Sale
$649,900
W11070 Highway 16 &Amp 60, Columbus, WI 53925
Active bar and restaurant on over 2 acres for sale.
Property Size3,300 SF
Lot Size2.05 Acres
Price / SF$196.94
Days on Market543
Property Features for W11070 Highway 16 &Amp 60
General Information
Standard status
Active
Size
3,300 SF
Lot size
2.05 Acres
Taxes and HOA fees
Annual Taxes
$6,039
Listing Agency:
re/max preferred
(727) 367-3636
Listed By:
Jammie Trapp · License #7203494
(920) 285-2703
Source:
Exprealty
Added: Mar 3, 2025
Changed: Aug 25
Last Checked: Aug 26 at 11:33AM
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 re/max preferred
Investment Insights
Based on property information with market context.
This is a turn-key, well-cared for, and very active bar and restaurant situated on over 2 acres. The property includes a 3,300 square foot bar and restaurant, an outdoor bar with a 3,000 square foot deck, a stage, a dance floor, an entertainment tent, a volleyball court, a "Pallet Barn," and a "Selfie Shed." There are over 40 parking spaces, including more than 20 motorcycle parking spaces. An upper apartment is available for potential rental income, though it is not currently leased. Most equipment, supplies, kitchenware, and furnishings are included in the sale.
Key Highlights
- Turn‑key, well‑cared for and very active bar and restaurant.
- Includes a 3,300 SF bar and restaurant with a 3,000 SF outdoor deck.
- Features an outdoor bar, stage, dance floor, entertainment tent, and volleyball court.
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
$42,545
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
6.55%
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%
$850,900
$850.9K
Cap Rate 7%
$607,786
$607.8K
Cap Rate 9%
$472,722
$472.7K
Market Conditions
NOI Build-Up for 3,300 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
$59.4K $18.00/SF
− Vacancy
−$2.7K −$0.81/SF
EGI
$56.7K $17.19/SF
− OpEx
−$14.2K −$4.30/SF
NOI
$42.5K $12.89/SF
Area
Columbia County, WI
Vacancy
4.50%
Lease Rate
$18.00 /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%
$850,900
Cap Rate 7%
$607,786
Cap Rate 9%
$472,722
Alternative Uses
Best Use
Specialty Retail
$607.8K
$531.8K – $709.1K
NOI $42,545 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$741.4K
$648.7K – $865.0K
NOI $51,897 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53925, WI
8,523
Population
3,766
Households
2.3
Avg Household Size
43
Median Age
30%
College-Educated
95%
High-School Grad
127.1 sq mi
ZIP Area
67
Density / Sq Mi
$86,667
Median Household Income
$54,281
Median Earnings
$852
Median Rent
$258,400
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.
Frequently Asked Questions
What type of property is this?
Bar & Pub - Active bar and restaurant on over 2 acres for sale.
Where is this bar & pub located?
The property is located at W11070 Highway 16 &Amp 60 Columbus, WI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Turn‑key, well‑cared for and very active bar and restaurant.; Includes a 3,300 SF bar and restaurant with a 3,000 SF outdoor deck.; Features an outdoor bar, stage, dance floor, entertainment tent, and volleyball court.
