Restaurant with Banquet
For Sale
$324,900
211 N Maple Ave, Oconto Falls, WI 54154
Full-service restaurant featuring a commercial kitchen, dedicated banquet space, bar area, outdoor enclosure, and on-site parking.
Property Size5,304 SF
Price / SF$61.26
Days on Market35
Property Features for 211 N Maple Ave
General Information
Standard status
Active
Size
5,304 SF
Building Details
Year Built
1990
Listing Agency:
Keller Williams Green Bay
(920) 632-7702
Listed By:
Edward T. Rudd
Source:
Moving2greenbay
Added: Jul 26
Changed: Aug 29
Last Checked: Aug 29 at 3:41PM
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 Keller Williams Green Bay
Investment Insights
Based on property information with market context.
The property is a 5,304-square-foot restaurant building constructed in 1990, with a substantial kitchen, banquet room, bar area, dining space, and fenced outdoor area. The layout also includes a large parking lot and natural lighting. Kitchen and service equipment includes beer coolers, an ice machine, dishwasher, prep tables, pizza preparation equipment, stove, grill, deep fryers, pizza oven, ice cream machine, additional freezers, a walk-in refrigerator, and a walk-in beer cooler.
The restaurant is located at 211 N Maple Ave in Oconto Falls, Wisconsin. The current owners have operated the business for 10 years and are seeking retirement. Existing banquet, dining, bar, kitchen, and outdoor components provide a range of functional areas within the facility.
The restaurant is located at 211 N Maple Ave in Oconto Falls, Wisconsin. The current owners have operated the business for 10 years and are seeking retirement. Existing banquet, dining, bar, kitchen, and outdoor components provide a range of functional areas within the facility.
Key Highlights
- 5,304‑square‑foot restaurant building constructed in 1990
- Banquet room, large bar area, dining space, and fenced outdoor area
- Commercial kitchen with pizza oven, grill, deep fryers, and prep equipment
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
$23,626
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
7.27%
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%
$472,520
$472.5K
Cap Rate 7%
$337,514
$337.5K
Cap Rate 9%
$262,511
$262.5K
Market Conditions
NOI Build-Up for 5,304 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
$34.4K $6.48/SF
− Vacancy
−$619 −$0.12/SF
EGI
$33.8K $6.36/SF
− OpEx
−$10.1K −$1.91/SF
NOI
$23.6K $4.45/SF
Area
Oconto County, WI
Vacancy
1.80%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
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%
$472,520
Cap Rate 7%
$337,514
Cap Rate 9%
$262,511
Alternative Uses
Best Use
Specialty Retail
$1.04M
$907.0K – $1.21M
NOI $72,559 @ 7.0% cap · market cap 22.33%
Second Best
Industrial
$337.5K
$295.3K – $393.8K
NOI $23,626 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,561 @ 7.0% cap · market cap 26.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
5,133 visits/mo
0.5 miles
Associated Bank
Shops & Services
1,716 visits/mo
0.3 miles
S&L Ford
Shops & Services
1,600 visits/mo
0.4 miles
Demographics for 54154, WI
5,432
Population
2,699
Households
2
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
80.3 sq mi
ZIP Area
68
Density / Sq Mi
$57,887
Median Household Income
$44,255
Median Earnings
$684
Median Rent
$194,000
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 - Full-service restaurant featuring a commercial kitchen, dedicated banquet space, bar area, outdoor enclosure, and on-site parking.
Where is this conventional restaurant located?
The property is located at 211 N Maple Ave Oconto Falls, WI.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 5,304‑square‑foot restaurant building constructed in 1990; Banquet room, large bar area, dining space, and fenced outdoor area; Commercial kitchen with pizza oven, grill, deep fryers, and prep equipment
