Retail Building with Restaurant
For Sale
Contact for pricing
1225 Robruck Dr, Oconomowoc, WI 53066
Former restaurant property with parking, General Commercial zoning, and access to major roadways.
Property Size12,170 SF
Price / SF$197.21
Days on Market185
Property Features for 1225 Robruck Dr
General Information
Standard status
Active
Size
12,170 SF
Property subtype
Retail
Zoning
GC General Commercial
Lease Type
Modified Gross
Building Details
Year Renovated
2024
Listing Agency:
Judson & Associates
(262) 695-8800
Listed By:
Cole Russell · License #WI
Source:
Crexi
Added: Feb 26
Changed: Aug 30
Last Checked: Aug 30 at 6:58AM
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 Judson & Associates
Investment Insights
Based on property information with market context.
This 12,170-square-foot retail property in Oconomowoc includes a building formerly operated as a restaurant. The interior retains a functional restaurant-oriented layout, along with an existing music venture and plenty of parking. General Commercial zoning is identified as GC.
The property is located on Robruck Drive with convenient access to major roadways. The site may accommodate restaurant, entertainment, retail, or service-oriented occupancy, subject to applicable approvals. An adjacent parcel is also offered for sale, providing an additional consideration for buyers evaluating the property.
The property is located on Robruck Drive with convenient access to major roadways. The site may accommodate restaurant, entertainment, retail, or service-oriented occupancy, subject to applicable approvals. An adjacent parcel is also offered for sale, providing an additional consideration for buyers evaluating the property.
Key Highlights
- 12,170‑square‑foot retail property
- Former restaurant building with functional layout
- Existing music venture within the building
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
$172,459
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
7.19%
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%
$3,449,180
$3.4M
Cap Rate 7%
$2,463,700
$2.5M
Cap Rate 9%
$1,916,211
$1.9M
Market Conditions
NOI Build-Up for 12,170 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
$255.6K $21.00/SF
− Vacancy
−$9.2K −$0.76/SF
EGI
$246.4K $20.24/SF
− OpEx
−$73.9K −$6.07/SF
NOI
$172.5K $14.17/SF
Area
Waukesha County, WI
Vacancy
3.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
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%
$3,449,180
Cap Rate 7%
$2,463,700
Cap Rate 9%
$1,916,211
Alternative Uses
Best Use
Specialty Retail
$3.77M
$3.30M – $4.40M
NOI $263,967 @ 7.0% cap · market cap 11.00%
Second Best
Retail
$2.46M
$2.16M – $2.87M
NOI $172,459 @ 7.0% cap · market cap 7.19%
Theoretical Best
Flex RnD
$6.21M
$5.43M – $7.25M
NOI $434,785 @ 7.0% cap · market cap 18.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
Explore this area
Business Placement
Demographics for 53066, WI
36,595
Population
16,074
Households
2.3
Avg Household Size
45
Median Age
47%
College-Educated
97%
High-School Grad
103.2 sq mi
ZIP Area
355
Density / Sq Mi
$111,348
Median Household Income
$55,563
Median Earnings
$1,263
Median Rent
$402,800
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?
Retail space - Former restaurant property with parking, General Commercial zoning, and access to major roadways.
Where is this retail space located?
The property is located at 1225 Robruck Dr Oconomowoc, WI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 12,170‑square‑foot retail property; Former restaurant building with functional layout; Existing music venture within the building
