Building Details

Year Built 2008

Listing Agency: Berkshire Hathaway Starck Real Estate

Listed By: Kilkenny Group* · License #5332490 Show Phone

Source: Tumpanelegacy

Added: Jul 24 Changed: Sep 8 Last Checked: Sep 12 at 11:09AM

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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 Berkshire Hathaway Starck Real Estate

Investment Insights

Based on property information with market context.

Kimkasi Pub is a turnkey pub business established in 2019, designed for social get-togethers with options to watch a game and play cards. The offering includes the pub as a going concern and highlights themed activities intended to keep customers engaged, along with an outdoor patio area for relaxed seating.

The business is located at 441 Mill St in Fontana, Wisconsin, positioning it as a local social spot within the Fontana community and the “West End” area described in the seller remarks.

Please note that no real estate is being sold; the sale is for the business only. The operator can be ready to continue serving the existing customer base immediately under the turnkey structure.

Key Highlights

• Kimkasi Pub in Fontana is for sale; no real estate is being sold.
• Pub business established in 2019 and offered turnkey for a new owner.
• Outdoor patio for customers.

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

$23,776

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

5.96%

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%

$475,520 $475.5K

Cap Rate 7%

$339,657 $339.7K

Cap Rate 9%

$264,178 $264.2K

Market Conditions

NOI Build-Up for 1,760 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

$33.4K $18.96/SF

− Vacancy

−$1.7K −$0.95/SF

EGI

$31.7K $18.01/SF

− OpEx

−$7.9K −$4.50/SF

NOI

$23.8K $13.51/SF

Area

Walworth County, WI

Vacancy

5.00%

Lease Rate

$18.96 /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%

$475,520

Cap Rate 7%

$339,657

Cap Rate 9%

$264,178

Alternative Uses

Best Use

Specialty Retail

$339.7K

$297.2K – $396.3K (±1% cap)

NOI $23,776 @ 7.0% cap · market cap 5.96%

Second Best

—

—

no second resolved use

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Bars & Pubs

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Parking Lot & Garage Dental Office Real Estate Agency

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

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

151

Businesses Nearby

7k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Shell Shops & Services

7,059 visits/mo 0.1 miles

Demographics for 53125, WI

3,405

Population

2,254

Households

1.5

Avg Household Size

29

Median Age

60%

College-Educated

99%

High-School Grad

6.2 sq mi

ZIP Area

549

Density / Sq Mi

$108,750

Median Household Income

$54,750

Median Earnings

$1,375

Median Rent

$576,500

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

Questions? Ask Rey

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What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• Big Foot Country Club — 770 Shabbona Dr, Fontana-On-Geneva Lake, WI 53125
• Kimkasi Pub — 441 Mill St, Fontana-On-Geneva Lake, WI 53125
• Waterfront Restaurant at The Abbey Resort — 269 Fontana Blvd, Fontana-On-Geneva Lake, WI 53125
• Bar West — 269 Fontana Blvd, Fontana-On-Geneva Lake, WI 53125
• Chuck's Lakeshore Inn — 352 Lake St, Fontana-On-Geneva Lake, WI 53125

Frequently Asked Questions

What type of property is this?

Bar & Pub - Turnkey pub business established in 2019, featuring themed activities and an outdoor patio for customers.

Where is this bar & pub located?

The property is located at 441 Mill St Fontana, WI.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Kimkasi Pub in Fontana is for sale; no real estate is being sold.; Pub business established in 2019 and offered turnkey for a new owner.; Outdoor patio for customers.