Supper Club Restaurant with Pole
For Sale
$899,000
6510 State Highway 13 S, Wisconsin Rapids, WI 54494
Turnkey supper club with multiple dining rooms, a large bar area, and an attached-use pole building for added operations.
Property Size7,475 SF
Price / SF$120.27
Days on Market137
Property Features for 6510 State Highway 13 S
General Information
Standard status
Active
Size
7,475 SF
Additional Details
Business Included
Yes
Service Bays
5
Taxes and HOA fees
Annual Taxes
$8,008
Listing Agency:
NORTH CENTRAL REAL ESTATE BROKERAGE, LLC
Listed By:
GERRY GEISHART · License #4330790
(715) 421-9999
Source:
Exprealty
Added: Apr 24
Changed: Aug 20
Last Checked: Sep 6 at 2:18PM
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 NORTH CENTRAL REAL ESTATE BROKERAGE, LLC
Investment Insights
Based on property information with market context.
This is a turnkey, established supper club built around a large, meticulously maintained dining operation. The property includes more than 7,000 square feet of space with a total capacity for about 300 guests and three distinct dining rooms suited for high-volume gatherings. A prominent bar room features pub tables and multiple TVs, supporting a lively environment for peak-demand days and events. The offering also includes a detached pole building measuring 40 by 72 feet with five separate bays and a dedicated office area, creating flexibility for a secondary business, expansion of catering, or other practical uses. On-site parking is provided via a large paved lot designed to accommodate busy service.
The restaurant is positioned along the Nepco Lake/Sand Valley corridor, within a short drive of Sand Valley Golf Resort and the Town of Rome. The surrounding area includes luxury lakefront homes, and the corridor supports both local traffic and visiting guests.
This opportunity is being offered for sale as the current owners retire. The business is described as having a documented history of increasing income every year. A survey will be completed prior to closing to separate the detached garage on the north end of the lot, and the property is presented as a must-see for qualified buyers seeking an operating restaurant with on-site capacity and additional space to support further plans.
The restaurant is positioned along the Nepco Lake/Sand Valley corridor, within a short drive of Sand Valley Golf Resort and the Town of Rome. The surrounding area includes luxury lakefront homes, and the corridor supports both local traffic and visiting guests.
This opportunity is being offered for sale as the current owners retire. The business is described as having a documented history of increasing income every year. A survey will be completed prior to closing to separate the detached garage on the north end of the lot, and the property is presented as a must-see for qualified buyers seeking an operating restaurant with on-site capacity and additional space to support further plans.
Key Highlights
- Over 7,000 sq. ft. supper club with capacity for 300 guests
- Three distinct dining rooms for events such as small weddings, corporate parties, and holiday gatherings
- Large bar room with pub tables and multiple TVs
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
$39,305
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
4.37%
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%
$786,100
$786.1K
Cap Rate 7%
$561,500
$561.5K
Cap Rate 9%
$436,722
$436.7K
Market Conditions
NOI Build-Up for 7,475 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
$49.0K $6.56/SF
− Vacancy
−$2.8K −$0.37/SF
EGI
$46.2K $6.19/SF
− OpEx
−$6.9K −$0.93/SF
NOI
$39.3K $5.26/SF
Area
Wood County, WI
Vacancy
5.70%
Lease Rate
$6.56 /SF/Yr
Expense Ratio
15.00%
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%
$786,100
Cap Rate 7%
$561,500
Cap Rate 9%
$436,722
Alternative Uses
Best Use
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,511 @ 7.0% cap · market cap 11.29%
Second Best
Warehouse
$561.5K
$491.3K – $655.1K
NOI $39,305 @ 7.0% cap · market cap 4.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54494, WI
27,420
Population
13,110
Households
2.1
Avg Household Size
47
Median Age
23%
College-Educated
95%
High-School Grad
125.3 sq mi
ZIP Area
219
Density / Sq Mi
$71,087
Median Household Income
$43,800
Median Earnings
$954
Median Rent
$170,800
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Conventional restaurant - Turnkey supper club with multiple dining rooms, a large bar area, and an attached-use pole building for added operations.
Where is this conventional restaurant located?
The property is located at 6510 State Highway 13 S Wisconsin Rapids, WI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Over 7,000 sq. ft. supper club with capacity for 300 guests; Three distinct dining rooms for events such as small weddings, corporate parties, and holiday gatherings; Large bar room with pub tables and multiple TVs
