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

Listed By: MAGGIE JACOBY Show Phone

Source: Exprealty

Added: May 21 Changed: Oct 5 Last Checked: Oct 21 at 1:39AM

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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 / Yr

$24,987

Cap Rate

9.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$499,740 $499.7K

Cap Rate 7%

$356,957 $357.0K

Cap Rate 9%

$277,633 $277.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,840 SF

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 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. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

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

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