Small-Town Breakfast
For Sale
$180,000
601 Main St, Junction City, WI 54443
Full kitchen, dining room, and on-site parking support continued restaurant operations.
Property Size1,092 SF
Price / SF$164.84
Days on Market399
Property Features for 601 Main St
General Information
Standard status
Active
Size
1,092 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$1,425
Listing Agency:
KPR BROKERS, LLC
(715) 340-7047
Listed By:
NATANIA GAETZ · License #111229-94
(715) 340-7047
Source:
Exprealty
Added: Jul 28, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:41AM
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 KPR BROKERS, LLC
Investment Insights
Based on property information with market context.
This breakfast-focused diner at 601 Main St in Junction City, Wisconsin, includes a full kitchen, a spacious dining area, and on-site parking. The property is described as a small-town restaurant serving breakfast and fish-fry meals, with the physical setup suited to continued food-service use.
Located in the heart of town, the diner offers visibility from its Main Street setting and established pedestrian activity. Its compact 1,092-square-foot configuration provides a focused footprint for a neighborhood restaurant operation, with kitchen, dining, and parking components already in place.
Located in the heart of town, the diner offers visibility from its Main Street setting and established pedestrian activity. Its compact 1,092-square-foot configuration provides a focused footprint for a neighborhood restaurant operation, with kitchen, dining, and parking components already in place.
Key Highlights
- Full kitchen included
- Spacious dining area
- On‑site parking
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
$14,876
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
8.26%
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%
$297,520
$297.5K
Cap Rate 7%
$212,514
$212.5K
Cap Rate 9%
$165,289
$165.3K
Market Conditions
NOI Build-Up for 1,092 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
$20.7K $18.96/SF
− Vacancy
−$870 −$0.80/SF
EGI
$19.8K $18.16/SF
− OpEx
−$5.0K −$4.54/SF
NOI
$14.9K $13.62/SF
Area
Portage County, WI
Vacancy
4.20%
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%
$297,520
Cap Rate 7%
$212,514
Cap Rate 9%
$165,289
Alternative Uses
Best Use
Specialty Retail
$212.5K
$186.0K – $247.9K
NOI $14,876 @ 7.0% cap · market cap 8.26%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54443, WI
2,279
Population
1,038
Households
2.2
Avg Household Size
45
Median Age
25%
College-Educated
95%
High-School Grad
89.5 sq mi
ZIP Area
25
Density / Sq Mi
$96,397
Median Household Income
$46,847
Median Earnings
$850
Median Rent
$258,800
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?
Breakfast & diner - Full kitchen, dining room, and on-site parking support continued restaurant operations.
Where is this breakfast & diner located?
The property is located at 601 Main St Junction City, WI.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Full kitchen included; Spacious dining area; On‑site parking
