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    West Bend Development Opportunity Title is generated by Realmo AI

    Lt1 E Washington St, West Bend, WI 53095

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    Claim this Listing
    For Sale
    $550,000

    Agriculture - West Bend, WI

    Type:Farm
    Lot size:
    8.94 Acres
    Added:
    Feb 11, 2026
    Days on Market:
    91
    Last Refresh:
    May 13 at 9:06 am

    Property Features for Lt1 E Washington St

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Zoning
    multi/two fami
    Standard status
    Active
    APN
    291_11200740061
    Lot size
    8.94 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    219.43

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tracy Weseman
    Tracy Weseman

    Listing agent Tracy Weseman License #86296-94

    Listing office Boss Realty, LLC 135 N 6th Ave, West Bend, WI 53095-3305, WEST BEND, WI

    Listing date Feb 11, 2026

    MLS# 1950051 Listing URL

    Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Zoned for both Two‑Family and Multi‑Family Residential, offering diverse development options
    • Potential for rezoning the Two‑Family portion to Multi‑Family, increasing development potential
    • Road access from both Deerfield Dr. and E Sandy Acre Rd
    • Utilities located on Deerfield Drive and Sandy Acre Rd
    • Part of a larger 33.58‑acre parcel, allowing for potential future expansion or division
    • Incredible development opportunity

    Overview

    This property presents an incredible development opportunity in West Bend, Wisconsin. The west half of the parcel is currently zoned for Two-Family Residential use, while the east half is zoned for Multi-Family Residential use. There is a possibility of rezoning the Two-Family section to Multi-Family. The property benefits from road access via both Deerfield Drive and E Sandy Acre Road. This parcel is part of a larger 33.58-acre property and is subject to land division. The lot lines and acreage are approximate. Utilities are located on Deerfield Drive and Sandy Acre Road. Zoning maps and TIF districts are available in the documents. The lot size is approximately 8.94 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Bend
    County
    Washington
    State
    Wisconsin
    Longitude
    -88.145309
    Latitude
    43.429146

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    FAQs

    What type of property is this?
    Residential land & home lot - Development opportunity in West Bend, zoned for multi-family residential.
    Where is this residential land & home lot located?
    The property is located at Lt1 E Washington St West Bend, WI.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Zoned for both Two‑Family and Multi‑Family Residential, offering diverse development options; Potential for rezoning the Two‑Family portion to Multi‑Family, increasing development potential; Road access from both Deerfield Dr. and E Sandy Acre Rd
    (262) 339-4551
    We can help!
    Listing Contact
    Tracy Weseman
    Tracy Weseman
    Real Estate License ID: 86296-94
    Learn More
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    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
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