Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    1201 W Paradise Dr West Bend, WI 53095

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in established West Bend shopping center for lease.

    Type:Retail
    Added:
    Apr 21, 2021
    Days on Market:
    1842
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 1201 W Paradise Dr

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    2000

    Spaces For Lease

    at 1201 W Paradise Dr Contact us

    1225 W. Paradise Drive $26 /Mo

    Size
    5,100 SF
    Type
    Retail
    12,000 SF strip center building located at HWY 45 and Paradise Drive Interchange...
    show more
    Contact us

    We can help!

    Listing Contact
    John Thomsen

    Listing agent John Thomsen License #WI 55951-090

    Listing office Somerstone

    Listing date Apr 21, 2021

    Source Crexi

    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 Somerstone

    Overview

    West Bend Retail Center Space

    Located immediately west of U.S. Highway 45 on the southwest side of West Bend, this retail center benefits from visibility and access. The property is shadow-anchored by a 200,000 square foot Walmart Supercenter and is located within the Paradise Drive retail corridor, which contains over 1.3 million square feet of retail space. The property underwent complete renovation in 2023. Recent additions to the center include Old Navy, Dunham’s, and Ross.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Great Clips Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — Roundy's Inc., 1629 South Main Street, West Bend, WI 53095
    • Paradise Pavilion — Main Street &, 1400 - 1800 S Main Street, W Paradise Dr, West Bend, WI 53095

    Location Insight

    • Map
    • Local Demand
    City
    West Bend
    County
    Washington
    State
    Wisconsin
    Longitude
    -88.1934561
    Latitude
    43.3968048

    Nearby Similar for Lease

    • $4,000/Mo

      Versatile Commercial Space in West Bend

      Flex space with offices, garage, and warehouse in West Bend.
      6405 Stockhausen Ln, West Bend, WI 53095
      View Details
    • $2,500/Mo

      West Bend Commercial Space For Rent

      Commercial space available for rent in West Bend, Wisconsin.
      3439 County Highway D -, West Bend, WI 53090
      View Details
    • $2,750/Mo

      West Bend Warehouse Space Available

      Warehouse space available in West Bend, WI, with easy access.
      3439 County Highway D -, West Bend, WI 53090
      View Details
    • $5,000/Mo

      West Bend Warehouse with Highway Access

      3,600 SF warehouse with 3-phase power and highway access.
      3439 County Highway D -, West Bend, WI 53090
      View Details
    • $12 SF/Yr

      Retail Space Available For Lease

      Retail space available for lease, ranging from 1,800 to 3,600 SF.
      851 S Main Street, West Bend, WI, 53095
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Retail spaces and pad site available in West Bend, WI.
      805 South Main Street, West Bend, WI, 53095
      View Details
    • $15 SF/Yr

      Downtown West Bend Office Space

      Office space for rent in downtown West Bend, Wisconsin.
      321-327 N Main St, West Bend, WI
      View Details
    • Contact for pricing

      Retail Space in West Bend

      Retail space available at Sendik's West Bend Plaza.
      210-250 North 18th Avenue, West Bend, WI, 53095
      View Details
    • Contact for pricing

      West Bend Office Space Available

      Office space for rent in high-traffic West Bend location.
      1519 E Washington St, West Bend, WI
      View Details
    • $12 SF/Yr

      Downtown West Bend Retail Space

      Retail space in downtown West Bend with built-in customer base.
      705 Village Green Way, West Bend, WI
      View Details
    • $12 SF/Yr

      Downtown West Bend Retail Space

      Retail space in downtown West Bend with built-in customer base.
      611 Veterans Ave, West Bend, WI
      View Details
    • $5 SF/Yr

      West Bend Warehouse Space Available

      44,580 SF warehouse space for lease in West Bend.
      3701 E Decorah Rd, West Bend, WI
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space in established West Bend shopping center for lease.
    Where is this shopping center located?
    The property is located at 1201 W Paradise Dr West Bend, WI.
    What are key features of this property?
    This property features: Exceptional visibility and easy access, located immediately west of U.S. Highway 45.; Shadow‑anchored by a 200,000 square foot Walmart Supercenter.; Located within the established Paradise Drive retail corridor with over 1.3M square feet of retail space.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Thomsen
    Real Estate License ID: WI 55951-090
    Learn More
    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.
    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

    Thank You for Inquiry
    1201 W Paradise Dr, West Bend, WI 53095
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!