Corner Restaurant Redevelopment
For Sale
Contact for pricing
1919 South Oneida Street, Appleton, WI 54915
Real estate only at a high-traffic corner intersection in Appleton, offering ample parking and pylon signage.
Property Size6,889 SF
Price / SF$304.83
Days on Market70
Property Features for 1919 South Oneida Street
General Information
Standard status
Active
Size
6,889 SF
Property subtype
Retail
Listing Agency:
Drifka Group
Listed By:
Tim Ceman · License #111378 - 94
(920) 659-0052
Source:
Crexi
Added: Jun 29
Changed: Aug 22
Last Checked: Sep 2 at 3:49AM
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 Drifka Group
Investment Insights
Based on property information with market context.
This real estate-only offering is positioned on a high-profile corner and is described as ideal for restaurant use or redevelopment. The property is situated at a major Appleton intersection with heavy traffic counts, providing strong exposure for retail and dining-oriented concepts.
Additional on-site features include ample parking and pylon signage. The location also provides quick highway access, supporting convenient customer arrival and distribution connectivity for prospective uses.
Additional on-site features include ample parking and pylon signage. The location also provides quick highway access, supporting convenient customer arrival and distribution connectivity for prospective uses.
Key Highlights
- High‑traffic corner real estate in Appleton with pylon signage and prominent exposure
- Ideal for restaurant use or redevelopment
- Ample parking on‑site
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
$103,945
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
4.95%
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%
$2,078,900
$2.1M
Cap Rate 7%
$1,484,929
$1.5M
Cap Rate 9%
$1,154,944
$1.2M
Market Conditions
NOI Build-Up for 6,889 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
$144.7K $21.00/SF
− Vacancy
−$6.1K −$0.88/SF
EGI
$138.6K $20.12/SF
− OpEx
−$34.6K −$5.03/SF
NOI
$103.9K $15.09/SF
Area
Outagamie County, WI
Vacancy
4.20%
Lease Rate
$21.00 /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%
$2,078,900
Cap Rate 7%
$1,484,929
Cap Rate 9%
$1,154,944
Alternative Uses
Best Use
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,945 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $132,958 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 38%
Little Caesars Pizza
Dining
5,261 visits/mo
0.2 miles
Shell
Shops & Services
2,451 visits/mo
0.1 miles
Pantry
Shops & Services
811 visits/mo
0.2 miles
Demographics for 54915, WI
43,190
Population
18,373
Households
2.4
Avg Household Size
38
Median Age
38%
College-Educated
95%
High-School Grad
15.0 sq mi
ZIP Area
2,879
Density / Sq Mi
$83,814
Median Household Income
$49,554
Median Earnings
$974
Median Rent
$247,900
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?
Conventional restaurant - Real estate only at a high-traffic corner intersection in Appleton, offering ample parking and pylon signage.
Where is this conventional restaurant located?
The property is located at 1919 South Oneida Street Appleton, WI.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: High‑traffic corner real estate in Appleton with pylon signage and prominent exposure; Ideal for restaurant use or redevelopment; Ample parking on‑site
