Breakfast Diner with Outdoor
New
For Sale
$450,000
6189 Tielens Rd, Luxemburg, WI 54217
Established restaurant property with a liquor license, full basement, on-site parking, and seating indoors and outside.
Property Size2,800 SF
Price / SF$160.71
Days on Market5
Property Features for 6189 Tielens Rd
General Information
Standard status
Active
Size
2,800 SF
Building Details
Year Built
1987
Listing Agency:
Resource One Realty, LLC
Listed By:
Diane Campshure Walczyk · License #91700983
(920) 621-9659
Source:
Moving2greenbay
Added: Sep 1
Changed: Sep 2
Last Checked: Sep 4 at 10:04AM
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 Resource One Realty, LLC
Investment Insights
Based on property information with market context.
This breakfast diner comprises a 2,800-square-foot restaurant building constructed in 1987. The property includes a full basement, interior dining space, outdoor seating, and on-site parking. A liquor license and the restaurant’s equipment are included in the sale.
The diner is situated in a residential neighborhood near Highway 57, a church, and a gas station. Its setting places the property near both neighborhood activity and highway-oriented traffic. The building’s existing restaurant layout and included equipment provide a defined operating framework for the next owner.
The diner is situated in a residential neighborhood near Highway 57, a church, and a gas station. Its setting places the property near both neighborhood activity and highway-oriented traffic. The building’s existing restaurant layout and included equipment provide a defined operating framework for the next owner.
Key Highlights
- 2,800‑square‑foot breakfast diner building
- Built in 1987
- Liquor license and restaurant equipment included
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
$38,304
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
8.51%
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%
$766,080
$766.1K
Cap Rate 7%
$547,200
$547.2K
Cap Rate 9%
$425,600
$425.6K
Market Conditions
NOI Build-Up for 2,800 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
$53.8K $19.20/SF
− Vacancy
−$2.7K −$0.96/SF
EGI
$51.1K $18.24/SF
− OpEx
−$12.8K −$4.56/SF
NOI
$38.3K $13.68/SF
Area
Kewaunee County, WI
Vacancy
5.00%
Lease Rate
$19.20 /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%
$766,080
Cap Rate 7%
$547,200
Cap Rate 9%
$425,600
Alternative Uses
Best Use
Specialty Retail
$547.2K
$478.8K – $638.4K
NOI $38,304 @ 7.0% cap · market cap 8.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
3,117 visits/mo
0.2 miles
Demographics for 54217, WI
7,713
Population
3,265
Households
2.4
Avg Household Size
42
Median Age
26%
College-Educated
95%
High-School Grad
112.0 sq mi
ZIP Area
69
Density / Sq Mi
$85,893
Median Household Income
$46,822
Median Earnings
$956
Median Rent
$255,200
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 - Established restaurant property with a liquor license, full basement, on-site parking, and seating indoors and outside.
Where is this breakfast & diner located?
The property is located at 6189 Tielens Rd Luxemburg, WI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,800‑square‑foot breakfast diner building; Built in 1987; Liquor license and restaurant equipment included
