Turn Key Wisco
For Sale
Contact for pricing
N1434 Fair, Lodi, WI 53555
Turn key bar and grill with many updates.
Property Size3,397 SF
Price / SF$440.09
Days on Market102
Property Features for N1434 Fair
General Information
Standard status
Active
Size
3,397 SF
Property subtype
Retail, Land
Building Details
Year Built
1971
Units
1
Listing Agency:
Berkshire Hathaway HomeServices Matson Real Estate
Listed By:
Dana Doskocil · License #58889-94
Source:
Crexi
Added: May 21
Changed: Aug 28
Last Checked: Aug 29 at 9:40AM
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 Berkshire Hathaway HomeServices Matson Real Estate
Investment Insights
Based on property information with market context.
This turn key Wisco bar&grill has been a valuable asset to this growing family but not nearly as much as friends made, memories had and lives changed. The area voted KDs Best fish fry, and it was selected as a hub for all variety of club rides, events, fundraising, all now annual traditions. KDs offered a clean, modern, safe environment to welcome all, day or night, all year for 18 years. The property features whiskey barrel tables, booths, and a beautiful bar, offering space for 150 guests. Outside, there is more covered seating for spectating or speculating on the V-ball, horseshoes, chugging, pick up lines and cornhole. The property supports pool and dart leagues, and includes a private party section and a walk-in cooler. Updates include HVAC, wiring, a metal roof, insulation, interior gut to studs, lighting, epoxy floors, newer septic system, coolers, and a 30x40 2-bay temperature controlled shed. The property size is 3397 square feet.
Key Highlights
- Turnkey bar and grill with a well‑established reputation and loyal customer base.
- High‑capacity venue: Seating for 150 guests indoors, plus additional covered outdoor seating.
- Recent major updates: HVAC, wiring, metal roof, insulation, interior renovation, lighting, epoxy floors, septic system, coolers, and a 30x40 2‑bay temperature‑controlled shed.
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
$43,796
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
2.93%
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%
$875,920
$875.9K
Cap Rate 7%
$625,657
$625.7K
Cap Rate 9%
$486,622
$486.6K
Market Conditions
NOI Build-Up for 3,397 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
$61.1K $18.00/SF
− Vacancy
−$2.8K −$0.81/SF
EGI
$58.4K $17.19/SF
− OpEx
−$14.6K −$4.30/SF
NOI
$43.8K $12.89/SF
Area
Columbia County, WI
Vacancy
4.50%
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%
$875,920
Cap Rate 7%
$625,657
Cap Rate 9%
$486,622
Alternative Uses
Best Use
Specialty Retail
$625.7K
$547.5K – $729.9K
NOI $43,796 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$763.2K
$667.8K – $890.4K
NOI $53,422 @ 7.0% cap · market cap 3.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
19k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Shops & Services 32%
Home Improvements & Furnishings 16%
Dining 12%
Piggly Wiggly
Groceries
7,755 visits/mo
0.4 miles
Dollar General
Shops & Services
5,014 visits/mo
0.3 miles
Niemann Ace Hardware
Home Improvements & Furnishings
3,002 visits/mo
0.4 miles
SUBWAY
Dining
2,329 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
1,123 visits/mo
0.5 miles
Demographics for 53555, WI
8,529
Population
4,523
Households
1.9
Avg Household Size
46
Median Age
39%
College-Educated
99%
High-School Grad
75.7 sq mi
ZIP Area
113
Density / Sq Mi
$110,926
Median Household Income
$57,643
Median Earnings
$1,247
Median Rent
$359,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Boathouse Bar & Grill — Lodi, WI 53555
- Casa Luna Mexican Grill Lodi WI — 111 S Main St, Lodi, WI 53555
- Waddle Inn — N1430 WI-113, Lodi, WI 53555
- KD'S Bar & Grill — 1434 Fair St, Lodi, WI 53555
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turn key bar and grill with many updates.
Where is this bar & pub located?
The property is located at N1434 Fair Lodi, WI.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Turnkey bar and grill with a well‑established reputation and loyal customer base.; High‑capacity venue: **Seating for 150 guests indoors, plus additional covered outdoor seating.**; Recent major updates: HVAC, wiring, metal roof, insulation, interior renovation, lighting, epoxy floors, septic system, coolers, and a 30x40 2‑bay temperature‑controlled shed.
