Standalone Restaurant with
For Sale
$1,250,000
830 Oregon Center Drive, Oregon, WI 53575
Business/Comm, Oregon, WI
Property Size5,600 SF
Lot Size1.85 Acres
Price / SF$223.21
Days on Market67
Property Features for 830 Oregon Center Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Com
Security features
Security System
Interior features
Public rest rooms, Security system, Private office(s)
Lot features
Free standing
Directions
CC to N Bergamont Blvd to Oregon Center D
Subdivision
OREGON - V
Standard status
Active
APN
0509-023-2617-1
Size
5,600 SF
Lot size
1.85 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12305
Amenities
private party room
basement storage
Building Details
Year built
2005
Number of units
1
Roof type
Shingle, Composition
Listing Agency:
Accord Realty
(608) 256-4566
Listed By:
Rick Olstad · License #8254194
(608) 444-3028
Added: Jun 26
Changed: Aug 31
Last Checked: Aug 31 at 6:06PM
MLS# 2026817
Copyright © 2026 REALTORS® Association of South Central Wisconsin. 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 freestanding restaurant and bar property includes furniture, fixtures, and equipment, along with an active liquor license issued by the Village of Oregon. The interior provides an open dining and bar arrangement, a private party room, public rest rooms, private office space, and a security system. Patio seating expands the customer area, while basement storage supports back-of-house operations.
The building contains 5,600 square feet on a 1.85-acre site and was constructed in 2005. Approximately 1,500 square feet of basement storage complements more than 4,300 square feet dedicated to the dining and bar areas. The property is zoned Com and has a shingle and composition roof.
The building contains 5,600 square feet on a 1.85-acre site and was constructed in 2005. Approximately 1,500 square feet of basement storage complements more than 4,300 square feet dedicated to the dining and bar areas. The property is zoned Com and has a shingle and composition roof.
Key Highlights
- More than 4,300 sq. ft. of dining and bar space with an open floor plan
- Approximately 1,500 sq. ft. of basement storage
- Furniture, fixtures, and equipment included in the sale
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
$71,518
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
5.72%
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%
$1,430,360
$1.4M
Cap Rate 7%
$1,021,686
$1.0M
Cap Rate 9%
$794,644
$794.6K
Market Conditions
NOI Build-Up for 5,600 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
$100.8K $18.00/SF
− Vacancy
−$5.4K −$0.97/SF
EGI
$95.4K $17.03/SF
− OpEx
−$23.8K −$4.26/SF
NOI
$71.5K $12.77/SF
Area
Dane County, WI
Vacancy
5.40%
Lease Rate
$18.00 /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%
$1,430,360
Cap Rate 7%
$1,021,686
Cap Rate 9%
$794,644
Alternative Uses
Best Use
Specialty Retail
$1.02M
$894.0K – $1.19M
NOI $71,518 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,093 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53575, WI
17,320
Population
7,036
Households
2.5
Avg Household Size
41
Median Age
47%
College-Educated
97%
High-School Grad
55.3 sq mi
ZIP Area
313
Density / Sq Mi
$110,388
Median Household Income
$64,251
Median Earnings
$1,223
Median Rent
$384,700
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?
Conventional restaurant - Fully equipped hospitality property with an active liquor license, party room, patio, and basement storage.
Where is this conventional restaurant located?
The property is located at 830 Oregon Center Drive Oregon, WI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: More than 4,300 sq. ft. of dining and bar space with an open floor plan; Approximately 1,500 sq. ft. of basement storage; Furniture, fixtures, and equipment included in the sale
