Restaurant Building with Commercial
850 Kepler Drive, Green Bay, WI 54311
For Sale
New
$1,499,000
Pending
The existing restaurant setup includes a full liquor license, cold storage, and commercial cooking equipment.
Property Size5,330 SF
Days on Market4
Property Features for 850 Kepler Drive
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Highway Access
Additional Details
Currently Operating
Taxes and HOA fees
Annual Taxes
Amenities
Tables,chairs,and stools
Public
1.49
No
Assessor
Slab
5330
Building Details
Building Size
Year Built
Buildings
Listing Agency:
RE/MAX On The Water
(920) 230-8880
Listed By:
Pamela Mezzano · License #91936379
(920) 216-0314
Source:
Oshkoshrealty
Added: Nov 6
Changed: Nov 9
Last Checked: Nov 8 at 8:14PM
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 RE/MAX On The Water
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Investment Insights
Based on property information with market context.
Built in 2005, this 5,330-square-foot restaurant property is configured for bar and dining operations. The equipped kitchen includes ventilation, a cooktop, and a fryer, while walk-in coolers and a freezer provide cold storage. Tables, chairs, and stools are also included, along with a full liquor license. The property is zoned G2 - Commercial.
The site is near hospitals, hotels, and an industrial park, with access to a nearby highway corridor.
The site is near hospitals, hotels, and an industrial park, with access to a nearby highway corridor.
Key Highlights
- 5,330‑square‑foot restaurant building, constructed in 2005
- Full liquor license included
- Commercial kitchen with venting, cooktop, and fryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,914
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,458,280
$1.5M
Cap Rate 7%
$1,041,629
$1.0M
Cap Rate 9%
$810,156
$810.2K
Market Conditions
NOI Build-Up for 5,330 SF
Gross rent
$102.3K $19.20/SF
− Vacancy
−$5.1K −$0.96/SF
EGI
$97.2K $18.24/SF
− OpEx
−$24.3K −$4.56/SF
NOI
$72.9K $13.68/SF
Area
Green Bay, 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 Rate 5%
$1,458,280
Cap Rate 7%
$1,041,629
Cap Rate 9%
$810,156
Alternative Uses
Best Use
Specialty Retail
$1.04M
$911.4K – $1.22M
NOI $72,914 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,986 @ 7.0% cap · market cap 5.80%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 95%
Hotels & Casinos 5%
Culver's
Dining
26,349 visits/mo
0.2 miles
Super 8 Green Bay I-43 Bus. Park
Hotels & Casinos
1,460 visits/mo
0.1 miles
Demographics for 54311, WI
37,532
Population
15,047
Households
2.5
Avg Household Size
38
Median Age
33%
College-Educated
94%
High-School Grad
68.2 sq mi
ZIP Area
550
Density / Sq Mi
$83,178
Median Household Income
$43,191
Median Earnings
$1,063
Median Rent
$272,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The existing restaurant setup includes a full liquor license, cold storage, and commercial cooking equipment.
Where is this conventional restaurant located?
The property is located at 850 Kepler Drive Green Bay, WI.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 5,330‑square‑foot restaurant building, constructed in 2005; Full liquor license included; Commercial kitchen with venting, cooktop, and fryer
