Italian Restaurant with
For Sale
$575,000
W7404 County Road X, Darien, WI 53115
Established dining property includes a two-bedroom residence above the restaurant for added flexibility.
Property Size3,800 SF
Price / SF$151.32
Days on Market36
Property Features for W7404 County Road X
General Information
Standard status
Active
Size
3,800 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1972
Listing Agency:
Legendary Real Estate Services
(262) 728-0370
Listed By:
Legendary team*
Source:
Jwregwi
Added: Jul 26
Changed: Aug 29
Last Checked: Aug 29 at 8:31PM
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 Legendary Real Estate Services
Investment Insights
Based on property information with market context.
This established Italian restaurant property includes approximately 3,800 square feet of space and a two-bedroom apartment above the dining operation. The building dates to 1972 and combines restaurant facilities with residential space within the same property.
Located at W7404 County Road X in Darien, Wisconsin, the property offers an existing restaurant use in a community-oriented setting. The upstairs apartment provides a separate residential component that may support owner occupancy or additional flexibility, subject to applicable requirements.
Located at W7404 County Road X in Darien, Wisconsin, the property offers an existing restaurant use in a community-oriented setting. The upstairs apartment provides a separate residential component that may support owner occupancy or additional flexibility, subject to applicable requirements.
Key Highlights
- 3,800‑square‑foot restaurant property
- Two‑bedroom apartment located above the restaurant
- Italian restaurant use with an established operation
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
$51,334
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
8.93%
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%
$1,026,680
$1.0M
Cap Rate 7%
$733,343
$733.3K
Cap Rate 9%
$570,378
$570.4K
Market Conditions
NOI Build-Up for 3,800 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
$72.0K $18.96/SF
− Vacancy
−$3.6K −$0.95/SF
EGI
$68.4K $18.01/SF
− OpEx
−$17.1K −$4.50/SF
NOI
$51.3K $13.51/SF
Area
Walworth County, WI
Vacancy
5.00%
Lease Rate
$18.96 /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%
$1,026,680
Cap Rate 7%
$733,343
Cap Rate 9%
$570,378
Alternative Uses
Best Use
Specialty Retail
$733.3K
$641.7K – $855.6K
NOI $51,334 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53115, WI
15,884
Population
8,848
Households
1.8
Avg Household Size
43
Median Age
25%
College-Educated
89%
High-School Grad
71.9 sq mi
ZIP Area
221
Density / Sq Mi
$70,880
Median Household Income
$38,871
Median Earnings
$1,012
Median Rent
$225,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established dining property includes a two-bedroom residence above the restaurant for added flexibility.
Where is this conventional restaurant located?
The property is located at W7404 County Road X Darien, WI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 3,800‑square‑foot restaurant property; Two‑bedroom apartment located above the restaurant; Italian restaurant use with an established operation
