Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    520 Pearl St New London, WI 54961-1473

    Sponsored
    For Sale
    $699,000

    Established Restaurant, Turnkey Operation

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    425
    This exceptional opportunity presents the sale of a well-established restaurant located at 520 S Pearl Street, New London, Wisconsin, 54961-1473. The property, encompassing two Waupaca County tax IDs (33 12 77270 and 33 12 77261), includes a substantial 4300 square foot building and all its contents. The sale includes a complete turnkey operation, offering a seamless transition for a new owner. Years of successful operation have built a loyal clientele and a strong reputation for delicious breakfasts, lunches, and dinners. The restaurant boasts a full bar with a liquor license, making it a versatile and profitable venture. Extensive equipment is included in the sale, encompassing grills, a sham, fryers, toasters, dishes, tables, chairs, coolers, freezers, and salad bars, along with existing decor. The restaurant has a significant seating capacity, accommodating nearly 200 patrons, ideal for banquets and large gatherings. Inventory will be transferred via a separate Bill of Sale. The asking price is $699,000. Private showings are required

    Property Features for 520 Pearl St

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Sandy Dufrane

    Learn more

    Property Insight Report

    HighLights

    • Turnkey restaurant for sale at 520 S Pearl Street, New London, WI.
    • 4,300 SF building on two tax parcels (33 12 77270 & 33 12 77261).
    • Includes all equipment, fixtures, and furniture (FF&E).
    • Full bar with liquor license.
    • Seats approximately 200 patrons.
    • Asking price: $699,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marly's Restaurant Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    Waupaca
    State
    Wisconsin
    Longitude
    -88.7392885
    Latitude
    44.388628

    Nearby Comparable

    • $575,000

      Turnkey Restaurant Opportunity For Sale

      Well-maintained restaurant with equipment, client list, and liquor license.
      520 S Pearl St, New London, WI 54961
      View Details
    • $254,900
      2,407 SF

      Well-Maintained Commercial Building For Sale

      One-story commercial building with full basement suitable for various businesses.
      712 S Pearl St, New London, WI 54961
      View Details
    • $205,000
      1,778 SF

      Updated Duplex in New London

      Well-maintained duplex with updates, garage, and fenced yard.
      405 E Pine St, New London, WI 54961
      View Details
    • Contact for pricing
      0.61 Acres

      New London Commercial Land

      Three prime development parcels.
      Parcel 2 Shawano St, New London, WI 54961
      View Details
    • $125,000
      0.65 Acres

      New London Development Land

      Prime 0.65-acre commercial lot
      Parcel 1 Partridge Dr, New London, WI 54961
      View Details
    • $150,000
      40.00 Acres

      HORTONVILLE, WI Hunting/Recreational Land

      40+/- acre hunting/recreational land in an excellent location.
      Winchester Rd, Hortonville, WI 54944
      View Details
    • $100,000
      1.36 Acres

      Hortonville Commercial Land - $100K

      1.36 Acres, High-Traffic Location
      0 Main St, Hortonville, WI 54944
      View Details
    • $100,000

      Commercial Land with High Visibility

      Commercial land with excellent visibility in a high-traffic area.
      S Lake St, Hortonville, WI 54944
      View Details

    Nearby Similar for Sale

    • $205,000
      1,778 SF

      Updated Duplex in New London

      Well-maintained duplex with updates, garage, and fenced yard.
      405 E Pine St, New London, WI 54961
      View Details
    • $575,000

      Turnkey Restaurant Opportunity For Sale

      Well-maintained restaurant with equipment, client list, and liquor license.
      520 S Pearl St, New London, WI 54961
      View Details
    • $254,900
      2,407 SF

      Well-Maintained Commercial Building For Sale

      One-story commercial building with full basement suitable for various businesses.
      712 S Pearl St, New London, WI 54961
      View Details
    • $699,900
      24.16 Acres

      Wisconsin Dairy Farm Opportunity

      24-Acre Dairy Farm, Rent-to-Own Available
      N7471 Buboltz Rd, New London, WI 54961
      View Details

    FAQs

    What type of property is this?
    Land - Established Restaurant, Turnkey Operation
    Where is this land located?
    The property is located at 520 Pearl St New London, WI.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Turnkey restaurant for sale at 520 S Pearl Street, New London, WI.; 4,300 SF building on two tax parcels (33 12 77270 & 33 12 77261).; Includes all equipment, fixtures, and furniture (FF&E).
    Request Owner's contact information
    520 Pearl St New London, WI 54961-1473
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    520 Pearl St
    New London, WI 54961-1473
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    520 Pearl St New London, WI 54961-1473
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sandy Dufrane
    Learn more
    Google sign-in failed. Please try again or use another login method.