Turnkey Restaurant and
For Sale
$1,250,000
830 Oregon Center Dr, Oregon, WI 53575
Standalone restaurant and bar features an open main dining and bar area, private party room, and patio seating with basement storage.
Property Size5,600 SF
Price / SF$223.21
Days on Market46
Property Features for 830 Oregon Center Dr
General Information
Standard status
Active
Size
5,600 SF
Additional Details
Furnished
Yes
Business Included
Yes
Liquor License
Yes
Amenities
private party room
patio seating
Building Details
Year Built
2005
Tenancy
Single
Listing Agency:
Accord Realty
Listed By:
Rick Olstad · License #8254194
(608) 444-3028
Source:
Soldinmadison
Added: Jul 27
Changed: Sep 6
Last Checked: Sep 9 at 10:24PM
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 Accord Realty
Investment Insights
Based on property information with market context.
This turnkey standalone restaurant and bar is fully equipped and ready to operate. The sale includes all furniture, fixtures, and equipment, and the property includes an active liquor license issued through the Village of Oregon. The main dining and bar space features an open floor plan, a private party room, and patio seating, with approximately 1,500 sq. ft. of basement storage.
The property is located at 830 Oregon Center Dr in Oregon, WI. Ownership is motivated to sell and will consider leasing to experienced, qualified operators.
The layout supports both everyday service and private events, with dedicated basement storage for back-of-house operations.
The property is located at 830 Oregon Center Dr in Oregon, WI. Ownership is motivated to sell and will consider leasing to experienced, qualified operators.
The layout supports both everyday service and private events, with dedicated basement storage for back-of-house operations.
Key Highlights
- Standalone restaurant and bar built in 2005, fully equipped for operation
- Includes active liquor license from the Village of Oregon
- Main dining and bar space spans over 4,300 sq. ft. with an open floor plan
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
$71,518
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
5.72%
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%
$1,430,360
$1.4M
Cap Rate 7%
$1,021,686
$1.0M
Cap Rate 9%
$794,644
$794.6K
Market Conditions
NOI Build-Up for 5,600 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
$100.8K $18.00/SF
− Vacancy
−$5.4K −$0.97/SF
EGI
$95.4K $17.03/SF
− OpEx
−$23.8K −$4.26/SF
NOI
$71.5K $12.77/SF
Area
Dane County, WI
Vacancy
5.40%
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%
$1,430,360
Cap Rate 7%
$1,021,686
Cap Rate 9%
$794,644
Alternative Uses
Best Use
Specialty Retail
$1.02M
$894.0K – $1.19M
NOI $71,518 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,093 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53575, WI
17,320
Population
7,036
Households
2.5
Avg Household Size
41
Median Age
47%
College-Educated
97%
High-School Grad
55.3 sq mi
ZIP Area
313
Density / Sq Mi
$110,388
Median Household Income
$64,251
Median Earnings
$1,223
Median Rent
$384,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Conventional restaurant - Standalone restaurant and bar features an open main dining and bar area, private party room, and patio seating with basement storage.
Where is this conventional restaurant located?
The property is located at 830 Oregon Center Dr Oregon, WI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Standalone restaurant and bar built in 2005, fully equipped for operation; Includes active liquor license from the Village of Oregon; Main dining and bar space spans over 4,300 sq. ft. with an open floor plan
