Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    N4183 4Th Ave Hancock, WI 54943

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    N4183 4Th Ave Hancock, WI 54943

    View on Map
    • Commercial real estate
    • 4,858 SF
    • 2.81 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Good Ol' Boys / Bar & Pub / Restaurant

    Property Details for N4183 4Th Ave

    Year built
    1990
    Lot size
    2.81 lot acres
    Property size
    4,858 SF
    Property type
    Commercial real estate

    Description

    This exceptional Hancock, WI commercial property presents a unique investment opportunity. The 4,858 square foot building sits on a 2.81-acre lot and is currently configured as a fully operational bar and tavern, complete with a coveted full liquor license. All necessary equipment and furniture for restaurant and bar operations are included in the sale, along with current liquor and food licenses. The spacious kitchen features walk-in coolers and a freezer, ensuring efficient food service. Ample parking is available, providing significant potential for expansion and future development. The versatility of this property allows for a wide range of uses, including but not limited to: office space, medical clinic, retail, convenience store, or adult-oriented establishment. Adding to its appeal is a recently constructed (2019) two-bedroom, two-bathroom house located on the property. This residence offers the option of on-site living for the owner or the potential to generate additional income through rental. Priced at $500,000, this property offers a compelling combination of existing business infrastructure and significant future development potential. Don't miss this chance to acquire a turnkey operation with substantial upside.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hancock
    County
    WAUSHARA
    State
    Wisconsin
    Longitude
    -89.5433
    Latitude
    44.1296

    Comparable in this City

    • Value Estimation by Request
      1.52 Acres

      Hancock, WI 54943

      COMMERCIAL (GENERAL) • 1.52 Acres
      Hancock, WI 54943
      View Details
    • Value Estimation by Request
      1.61 Acres

      231 Wn Lk St

      COMMERCIAL (GENERAL) • 1.61 Acres
      231 Wn Lk St, Hancock, WI 54943-9451
      View Details
    • Value Estimation by Request
      5.83 Acres

      646 2nd Blvd

      COMMERCIAL (GENERAL) • 5.83 Acres
      646 2nd Blvd, Hancock, WI 54943
      View Details
    • Value Estimation by Request
      40.00 Acres

      11299th Buttercup Dr

      COMMERCIAL (GENERAL) • 40.00 Acres
      11299th Buttercup Dr, Hancock, WI 54943-7647
      View Details
    • Value Estimation
      $3,390,000
      36.57 Acres

      4398th Elizabeth Ln

      COMMERCIAL (GENERAL) • 36.57 Acres
      4398th Elizabeth Ln, Hancock, WI 54943-8501
      View Details
    • Value Estimation by Request
      2.67 Acres

      235 Wn Lk St

      COMMERCIAL (GENERAL) • 2.67 Acres
      235 Wn Lk St, Hancock, WI 54943-9451
      View Details

    Similar Nearby for Sale

    • $550,000
      4.00 Acres

      Waterfront Land on Fish Lake

      4+ acres of waterfront property on crystal-clear Fish Lake.
      W12381 County Road Gg, Hancock, WI 54943
      View Details
    • $47,500
      4.68 Acres

      Hancock, WI Rural Land

      4.68 acres of rural land near lakes and golf.
      826 County Road C, Hancock, WI 54943
      View Details
    • $400,000
      40.00 Acres

      Waushara County Recreational Land

      40 acres of mixed woodlands, wetlands, and private lake.
      FF 40.00 Ac County Rd, Hancock, WI 54943
      View Details
    • $329,000
      4.04 Acres

      Private Lakefront Recreational Land

      Turn-key recreational property with private lake and woodland.
      N3962 County Road Gg, Hancock, WI 54943
      View Details
    • $400,000
      40.00 Acres

      Hancock, WI Hunting and Recreation

      40 acres of mixed woodlands, wetlands, and private lake frontage.
      40 Ac County Rd, Hancock, WI 54943
      View Details
    • $999,000
      129.79 Acres

      Hancock, WI Recreation Land

      129.79 acres of mixed woodlands, wetlands, and private lake.
      FF 129.79 Ac County Rd, Hancock, WI 54943
      View Details
    Request Owner's contact information
    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.
    N4183 4Th Ave
    Hancock, WI 54943
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!