Wedding Venue with Commercial
New
For Sale
Contact for pricing
1814 Washington Ave, Cedarburg, WI 53012
Hospitality property includes an event tent with dance floor, private residence, and separate storage building.
Property Size6,400 SF
Price / SF$195.31
Days on Market5
Property Features for 1814 Washington Ave
General Information
Standard status
Active
Size
6,400 SF
Property subtype
RETAIL
Additional Details
Liquor License
Yes
Listing Agency:
Founders 3 Real Estate Services-Retail
(414) 271-1111
Listed By:
Mason Church
Source:
Moodyscre
Added: Aug 26
Changed: Aug 30
Last Checked: Aug 30 at 4:36PM
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 Founders 3 Real Estate Services-Retail
Investment Insights
Based on property information with market context.
Located at 1814 Washington Ave in Cedarburg, WI 53012, this 6400-square-foot wedding venue combines event, food-service, and support spaces within one property. The improvements include a commercial kitchen, event tent with dance floor, private residence, and separate storage building.
The property also includes equipment associated with banquet, restaurant, and catering operations, along with a transferable liquor license. Its configuration brings together guest-event space, food preparation, storage, and residential components for a hospitality-focused use.
The property also includes equipment associated with banquet, restaurant, and catering operations, along with a transferable liquor license. Its configuration brings together guest-event space, food preparation, storage, and residential components for a hospitality-focused use.
Key Highlights
- 6400 square feet of wedding and hospitality property
- Commercial kitchen included
- Event tent with dance floor
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
$97,667
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
7.81%
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%
$1,953,340
$2.0M
Cap Rate 7%
$1,395,243
$1.4M
Cap Rate 9%
$1,085,189
$1.1M
Market Conditions
NOI Build-Up for 6,400 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
$138.2K $21.60/SF
− Vacancy
−$8.0K −$1.25/SF
EGI
$130.2K $20.35/SF
− OpEx
−$32.6K −$5.09/SF
NOI
$97.7K $15.26/SF
Area
Ozaukee County, WI
Vacancy
5.80%
Lease Rate
$21.60 /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%
$1,953,340
Cap Rate 7%
$1,395,243
Cap Rate 9%
$1,085,189
Alternative Uses
Best Use
Specialty Retail
$1.40M
$1.22M – $1.63M
NOI $97,667 @ 7.0% cap · market cap 7.81%
Second Best
Industrial
$332.9K
$291.3K – $388.4K
NOI $23,305 @ 7.0% cap · market cap 1.86%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,554 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 53012, WI
19,027
Population
8,073
Households
2.4
Avg Household Size
45
Median Age
53%
College-Educated
98%
High-School Grad
33.9 sq mi
ZIP Area
561
Density / Sq Mi
$98,094
Median Household Income
$53,434
Median Earnings
$1,059
Median Rent
$390,600
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?
Wedding venue - Hospitality property includes an event tent with dance floor, private residence, and separate storage building.
Where is this wedding venue located?
The property is located at 1814 Washington Ave Cedarburg, 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: 6400 square feet of wedding and hospitality property; Commercial kitchen included; Event tent with dance floor
