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    Iconic Waterfront Restaurant and Bar Title is generated by Realmo AI

    44400 County Highway D, Cable, WI 54821

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    Claim this Listing
    For Sale
    $750,000

    COMMERCIAL - Cable, WI

    Property size:
    3,080 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $243/SF
    Added:
    Mar 3, 2025
    Days on Market:
    436
    Last Refresh:
    May 13 at 8:06 am

    Property Features for 44400 County Highway D

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Interior features
    Furnished
    Exterior features
    Lighting
    Standard status
    Active
    APN
    24553
    Size
    3,080 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Sec 10 Tn 43 Rg 06 PAR IN GOVT LOT 10 IN DOC 2019R-576672 374A
    Tax Annual Amount
    4414

    Utilities

    Sewer type
    Septic Tank, Private Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Well, Private
    Water front features
    Lake
    Water front
    1

    Building Details

    Year built
    1970
    Flooring type
    Carpet
    Building materials
    WoodSiding

    We can help!

    Listing Contact
    Dave Reichert

    Listing agent Dave Reichert License #51575-90

    Listing office Camp David Realty 43520 Kavanaugh St P O Box 610, Cable, WI

    Listing date Mar 3, 2025

    MLS# 1589205

    Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Premier waterfront location with 256 feet of western‑exposure frontage and sunset views on Lake Namakagon's East shore.
    • Established and successful bar & restaurant business with loyal clientele and a family‑friendly atmosphere.
    • Year‑round accessibility by boat, car, ATV/UTV, and snowmobile.
    • Includes commercial kitchen equipment, bar fixtures, furnishings, and operational assets.
    • Located on heavily trafficked County Highway D with outstanding visibility.
    • Furnished interior with central air and forced air heating.

    Overview

    This is an opportunity to own a waterfront establishment located on the East shore of Lake Namakagon. The Pla Mor Bar & Restaurant has frontage along County Highway D, providing accessibility by boat, automobile, ATV/UTV, and snowmobile. Known for its family-friendly atmosphere, the Pla Mor has been a gathering place for locals and seasonal visitors. The property encompasses approximately one acre with 256 feet of western-exposure frontage, showcasing views and sunset panoramas across Lake Namakagon. The offering includes the commercial kitchen equipment, bar fixtures, furnishings, and essential operational assets necessary to continue this established business. The property size is 3080 square feet. The existing inventory shall transfer separately via bill of sale. The property is located in Cable, Wisconsin.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Restaurant Electrical Service Bed & Breakfast Restaurant Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Cable
    County
    Bayfield
    State
    Wisconsin
    Longitude
    -91.1006569
    Latitude
    46.219802

    Nearby Similar for Sale

    • $1,100,000
      25,650 SF

      Established Grocery and Hardware Store

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    • $750,000
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      Lake Namakagon Bar and Restaurant

      Bar and restaurant with lake frontage and high visibility.
      44400 County Highway D, Cable, WI 54821
      View Details
    • $199,000
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      Charming Bungalow in Cable, WI

      In-town bungalow near amenities, suitable for commercial or residential use.
      43425 Kavanaugh Road, Cable, WI 54821
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    • $299,000
      9,800 SF

      Commercial Property on US Highway

      Commercial property with highway frontage, expansion space, and high visibility.
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    FAQs

    What type of property is this?
    Bar & Pub - Established waterfront restaurant and bar on Lake Namakagon for sale.
    Where is this bar & pub located?
    The property is located at 44400 County Highway D Cable, WI.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Premier waterfront location with 256 feet of western‑exposure frontage and sunset views on Lake Namakagon's East shore.; Established and successful bar & restaurant business with loyal clientele and a family‑friendly atmosphere.; Year‑round accessibility by boat, car, ATV/UTV, and snowmobile.
    (715) 798-2252
    We can help!
    Listing Contact
    Dave Reichert
    Real Estate License ID: 51575-90
    Learn More
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    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
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