Listing Agency: Founders 3 Real Estate Services-Retail Show Phone

Listed By: Mason Church

Source: Moodyscre

Added: Aug 26 Changed: Oct 5 Last Checked: Oct 16 at 9:57AM

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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.

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 / Yr

$97,667

Cap Rate

7.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,953,340 $2.0M

Cap Rate 7%

$1,395,243 $1.4M

Cap Rate 9%

$1,085,189 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,400 SF

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 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 (±1% cap)

NOI $97,667 @ 7.0% cap · market cap 7.81%

Second Best

Industrial

$332.9K

$291.3K – $388.4K (±1% cap)

NOI $23,305 @ 7.0% cap · market cap 1.86%

Theoretical Best

Office A

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,554 @ 7.0% cap · market cap 8.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

ATM Atm The Hub Bar & Pub

Suggested Use

Top Pick Restaurant (Bike/Boat/Book/etc) Store Veterinary Clinic Home Appliance Store Accounting Firm Department Store

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

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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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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