Listing Agency: HOMEPOINT REAL ESTATE LLC a***@homepointwi.com

Listed By: MAGGIE JACOBY Show Phone

Source: Exprealty

Added: May 21 Changed: Sep 3 Last Checked: Sep 6 at 12:38PM

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Investment Insights

Based on property information with market context.

This turnkey restaurant opportunity has previously operated as the Vesper Café and is offered for sale as a fully equipped establishment. The sale includes the necessary equipment, furnishings, and essentials to step in and operate a restaurant from day one.

Located at 6569 Cameron Ave in Vesper, WI, the property is positioned in the heart of the community and is described as a long-running hometown staple with a loyal customer base.

The current offering is structured for an operator to take over with minimal startup requirements, supported by the included equipment and furnishings included with the purchase.

Key Highlights

• Turnkey restaurant previously known as the Vesper Café
• Includes all equipment, furnishings, and essentials needed to operate from day one

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

$24,987

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

9.09%

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%

$499,740 $499.7K

Cap Rate 7%

$356,957 $357.0K

Cap Rate 9%

$277,633 $277.6K

Market Conditions

NOI Build-Up for 1,840 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

$34.9K $18.96/SF

− Vacancy

−$1.6K −$0.85/SF

EGI

$33.3K $18.11/SF

− OpEx

−$8.3K −$4.53/SF

NOI

$25.0K $13.58/SF

Area

Wood County, WI

Vacancy

4.50%

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%

$499,740

Cap Rate 7%

$356,957

Cap Rate 9%

$277,633

Alternative Uses

Best Use

Specialty Retail

$357.0K

$312.3K – $416.5K (±1% cap)

NOI $24,987 @ 7.0% cap · market cap 9.09%

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

Conventional restaurants

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Storage Facility Pet Grooming Service Food Market Restaurant

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

44

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 54489, WI

1,491

Population

623

Households

2.4

Avg Household Size

42

Median Age

16%

College-Educated

93%

High-School Grad

47.7 sq mi

ZIP Area

31

Density / Sq Mi

$61,845

Median Household Income

$39,773

Median Earnings

$933

Median Rent

$174,700

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Turnkey restaurant for sale previously known as Vesper Café, including equipment and furnishings for immediate operation.

Where is this conventional restaurant located?

The property is located at 6569 Cameron Ave Vesper, WI.

What is the asking price?

The asking price for this property is $275,000.

What are key features of this property?

This property features: Turnkey restaurant previously known as the Vesper Café; Includes all equipment, furnishings, and essentials needed to operate from day one