Restaurant and Bar with
N67W33525 County Road K, Oconomowoc, WI 53066
For Sale
$1,500,000
An operating hospitality business combines multiple dining areas, private event space, a commercial kitchen, and an upper-level apartment.
Property Size6,000 SF
Price / SF$250
Days on Market10
Property Features for N67W33525 County Road K
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Business Included
Patio
Currently Operating
Building Details
Year Built
Listing Agency:
Epique Realty Germantown
Listed By:
Scott Teschendorf · License #6601794
(262) 589-1000
Source:
Exsellexperts
Added: Oct 31
Changed: Nov 7
Last Checked: Nov 8 at 3:43PM
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 Epique Realty Germantown
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Investment Insights
Based on property information with market context.
This 6,000-square-foot restaurant and bar includes several dining areas, a large bar, private event space, and a commercial kitchen. An outdoor patio extends the venue’s dining and gathering space. The property also has a private two-bedroom apartment on the upper level, offering a separate residential component. Built in 1907, the building formerly operated as the Hotel Stone Bank.
The property is at N67W33525 County Road K in Oconomowoc, with visibility on Highway K. The restaurant is operating, and the site combines dining, event, bar, patio, and residential spaces within one property.
The property is at N67W33525 County Road K in Oconomowoc, with visibility on Highway K. The restaurant is operating, and the site combines dining, event, bar, patio, and residential spaces within one property.
Key Highlights
- 6,000‑square‑foot restaurant and bar property
- Multiple dining areas, a spacious bar, and private event space
- Commercial kitchen and large outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,140
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,602,800
$2.6M
Cap Rate 7%
$1,859,143
$1.9M
Cap Rate 9%
$1,446,000
$1.4M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$180.0K $30.00/SF
− Vacancy
−$6.5K −$1.08/SF
EGI
$173.5K $28.92/SF
− OpEx
−$43.4K −$7.23/SF
NOI
$130.1K $21.69/SF
Area
Waukesha County, WI
Vacancy
3.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,602,800
Cap Rate 7%
$1,859,143
Cap Rate 9%
$1,446,000
Alternative Uses
Best Use
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,140 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$3.06M
$2.68M – $3.57M
NOI $214,356 @ 7.0% cap · market cap 14.29%
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
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53066, WI
36,595
Population
16,074
Households
2.3
Avg Household Size
45
Median Age
47%
College-Educated
97%
High-School Grad
103.2 sq mi
ZIP Area
355
Density / Sq Mi
$111,348
Median Household Income
$55,563
Median Earnings
$1,263
Median Rent
$402,800
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 - An operating hospitality business combines multiple dining areas, private event space, a commercial kitchen, and an upper-level apartment.
Where is this conventional restaurant located?
The property is located at N67W33525 County Road K Oconomowoc, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 6,000‑square‑foot restaurant and bar property; Multiple dining areas, a spacious bar, and private event space; Commercial kitchen and large outdoor patio
