Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Middleton Restaurant and Apartments Title is generated by Realmo AI

    1920 Parmenter St, Middleton, WI

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Restaurant space with apartments in downtown Middleton.

    Type:RETAIL
    Property size:
    5,000 SF
    Lot size:
    0.10 Acres
    Added:
    May 30, 2025
    Days on Market:
    367
    Last Refresh:
    May 20 at 8:11 pm

    Property Features for 1920 Parmenter St

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    0.10 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 1920 Parmenter St Contact us

    We can help!

    Listing Contact
    Dan Holvick
    Dan Holvick

    Listing agent Dan Holvick License #5751890

    Listing office NAI Madison

    Listing date May 30, 2025

    Source Moodyscre

    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 NAI Madison

    HighLights

    • Furnished Restaurant with hoods and walk in cooler
    • Amazing visibility and access at the Corner of University Ave & Parmenter
    • In the heart of downtown Middleton
    • Available Space 1st & Lower Level 5,000 SF (2,500 SF per floor)
    • Previous Restaurant Space featuring 2 bars
    • 2 Bedroom & 1 Bedroom Apts on 2nd floor

    Overview

    Located in the heart of downtown Middleton, this property features a restaurant space available on the first and lower levels, totaling 5,000 square feet with 2,500 square feet per floor. The previous restaurant space includes two bars and comes furnished with hoods and a walk-in cooler. The property also includes two apartments on the second floor, one with two bedrooms and one with one bedroom. The location offers excellent visibility and access on the corner of University Avenue and Parmenter Street. Natural lighting is abundant due to the many windows. Signage is available, and street parking is accessible.
    Property Profile Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Middleton
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.5119
    Latitude
    43.0967

    Nearby Similar for Sale

    • $899,000

      Middleton Duplex with Finished Basements

      Well-maintained duplex in prime Middleton location with strong rental demand.
      1214-1216 N High Point Road, Middleton, WI 53562
      View Details
    • $1,799,000

      New Multifamily Home in Middleton

      Move-in ready home with multi-generational living and low maintenance.
      4043 Serenbe Street, Middleton, WI 53562
      View Details
    • $1,699,000

      New Middleton Home with Apartment

      New two-story home with separate apartment in Middleton, Wisconsin.
      4029 Serenbe Street, Middleton, WI 53562
      View Details
    • $1,500,000
      5,000 SF

      Downtown Middleton Freestanding Building

      5,000 SF building in the heart of downtown Middleton.
      7702-7704 Terrace Ave, Middleton, WI
      View Details
    • $799,000
      6,191 SF

      Commercial Condo Portfolio in Middleton

      Portfolio of six commercial condo units, fully leased.
      6629 University Ave, Middleton, WI
      View Details
    • $2,150,000
      22,500 SF

      Middleton Industrial Park Multi-Tenant Building

      22,500 SF multi-tenant industrial building in Middleton Industrial Park.
      2211 Eagle, Middleton, WI 53562
      View Details
    • $650,000

      Middleton Duplex in Prime Location

      Well-maintained duplex near schools, conservancy, and amenities.
      6604-6606 Columbus Drive, Middleton, WI 53562
      View Details
    • $1,249,000
      860 SF

      Remodeled Office Suite with Drive-in

      Updated office suite with drive-in door and delivery area.
      1600 N High Point Rd, Middleton, WI
      View Details
    • Contact for pricing
      67,500 SF

      Industrial Space in Middleton, WI

      67,500 SF industrial space with easy access to amenities.
      2335 Eagle Dr, Middleton, WI
      View Details
    • $6,700,000
      39,972 SF

      NNN Property with Lease Extension

      Commercial real estate property featuring a brand new 12-year lease.
      8840 N Greenview Dr, Middleton, WI 53562
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant space with apartments in downtown Middleton.
    Where is this restaurant located?
    The property is located at 1920 Parmenter St Middleton, WI.
    What are key features of this property?
    This property features: Furnished Restaurant with hoods and walk in cooler; Amazing visibility and access at the Corner of University Ave & Parmenter; In the heart of downtown Middleton
    (608) 220-7740 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dan Holvick
    Dan Holvick
    Real Estate License ID: 5751890
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1920 Parmenter St, Middleton, WI
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!