Restaurant with Event
For Sale
$1,400,000
S76w17745 Janesville Rd, Muskego, WI 53150
Remodeled hospitality property with dual bar service, a shared commercial kitchen, and an on-site apartment.
Property Size12,009 SF
Price / SF$116.58
Days on Market29
Property Features for S76w17745 Janesville Rd
General Information
Standard status
Active
Size
12,009 SF
Additional Details
Furnished
Yes
Equipment Included
Yes
Building Details
Year Built
1920
Listing Agency:
Realty Executives Integrity~Brookfield
(414) 241-0123
Listed By:
Brian Roslawski · License #9054419
Source:
Nikolicgroup
Added: Aug 2
Changed: Aug 29
Last Checked: Aug 29 at 9:16PM
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 Realty Executives Integrity~Brookfield
Investment Insights
Based on property information with market context.
This conventional restaurant property in Muskego combines dining and event-oriented improvements within a remodeled commercial building. The layout includes a restaurant, a fully equipped bar, a separate event hall with its own bar and stage, and a commercial kitchen serving both areas. Furniture, fixtures, and equipment are included.
The property also offers a brand-new parking lot and a two-bedroom, one-bathroom apartment. Located at S76w17745 Janesville Rd, the building was constructed in 1920 and provides multiple functional components for restaurant and event operations.
The property also offers a brand-new parking lot and a two-bedroom, one-bathroom apartment. Located at S76w17745 Janesville Rd, the building was constructed in 1920 and provides multiple functional components for restaurant and event operations.
Key Highlights
- Restaurant with separate event hall, bar, and stage
- Commercial kitchen serves both the restaurant and event hall
- 2‑bedroom, 1‑bathroom apartment on the property
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
$43,729
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
3.12%
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%
$874,580
$874.6K
Cap Rate 7%
$624,700
$624.7K
Cap Rate 9%
$485,878
$485.9K
Market Conditions
NOI Build-Up for 12,009 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
$65.7K $5.47/SF
− Vacancy
−$3.2K −$0.27/SF
EGI
$62.5K $5.20/SF
− OpEx
−$18.7K −$1.56/SF
NOI
$43.7K $3.64/SF
Area
Waukesha County, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
30.00%
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%
$874,580
Cap Rate 7%
$624,700
Cap Rate 9%
$485,878
Alternative Uses
Best Use
Specialty Retail
$3.72M
$3.26M – $4.34M
NOI $260,475 @ 7.0% cap · market cap 18.61%
Second Best
Industrial
$624.7K
$546.6K – $728.8K
NOI $43,729 @ 7.0% cap · market cap 3.12%
Theoretical Best
Flex RnD
$6.13M
$5.36M – $7.15M
NOI $429,033 @ 7.0% cap · market cap 30.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53150, WI
25,804
Population
10,546
Households
2.4
Avg Household Size
46
Median Age
44%
College-Educated
97%
High-School Grad
34.2 sq mi
ZIP Area
755
Density / Sq Mi
$113,125
Median Household Income
$55,085
Median Earnings
$1,230
Median Rent
$390,500
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 - Remodeled hospitality property with dual bar service, a shared commercial kitchen, and an on-site apartment.
Where is this conventional restaurant located?
The property is located at S76w17745 Janesville Rd Muskego, WI.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Restaurant with separate event hall, bar, and stage; Commercial kitchen serves both the restaurant and event hall; 2‑bedroom, 1‑bathroom apartment on the property
