Building Details

Year built 1958

Building materials Brick, Wood

Roof type Metal

Listing Agency: KPR BROKERS, LLC m***@kprbrokers.com Show Phone

Listed By: NATANIA GAETZ · License #111229-94 Show Phone

Added: Jul 28, 2025 Changed: Aug 19 Last Checked: Aug 30 at 9:06AM

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MLS# 22503482

Copyright © 2026 Central Wisconsin MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1092-square-foot diner at 601 Main Street provides a compact restaurant layout with a full kitchen, dedicated dining space, and on-site parking. The property is configured for food service and includes central air conditioning.

Constructed in 1958, the building uses brick and wood construction and has a metal roof. Located in Junction City, Wisconsin, the property is offered with both parcels sold together, providing a restaurant asset with established physical improvements and a recognizable operating format.

Key Highlights

• 1092‑square‑foot diner at 601 Main Street, Junction City, WI 54443
• Full kitchen and dedicated 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

8.50%

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 (±1% cap)

NOI $14,876 @ 7.0% cap · market cap 8.50%

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

Breakfast & diners

Suggested Use

Top Pick HVAC Service Storage Facility Building Supply Kitchen & Bath Showroom Auto Repair Shop Pet Store & Service

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

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

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 breakfast & diners located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Breakfast & diner - Diner with a full kitchen, dedicated dining area, and on-site parking.

Where is this breakfast & diner located?

The property is located at 601 MAIN STREET Junction City, WI.

What is the asking price?

The asking price for this property is $175,000.

What are key features of this property?

This property features: 1092‑square‑foot diner at 601 Main Street, Junction City, WI 54443; Full kitchen and dedicated dining area; On‑site parking