Mixed-Use Property with Living
For Sale
$449,900
1618 W Washington St, West Bend, WI 53095
Commercially zoned building combines business space with attached livable quarters and convenient freeway access.
Property Size1,844 SF
Price / SF$243.98
Days on Market200
Property Features for 1618 W Washington St
General Information
Standard status
Active
Size
1,844 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1961
Listing Agency:
Boss Realty, LLC
Listed By:
Brian Feucht · License #5870490
(262) 305-4826
Source:
Viewhomesinwisconsin
Added: Mar 4
Changed: Sep 9
Last Checked: Sep 19 at 9:53AM
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 Boss Realty, LLC
Investment Insights
Based on property information with market context.
This mixed-use property combines a commercial area with attached living quarters within one building. The configuration supports owner-occupancy or investment use and provides flexibility for a variety of business applications. Constructed in 1961, the property is zoned Commercial.
Positioned along W Washington St in West Bend, the building is surrounded by established businesses and located on a high-visibility road. Convenient access and proximity to the freeway add to its accessibility for business operations and daily occupants.
Positioned along W Washington St in West Bend, the building is surrounded by established businesses and located on a high-visibility road. Convenient access and proximity to the freeway add to its accessibility for business operations and daily occupants.
Key Highlights
- Commercial zoning supports mixed‑use occupancy
- Attached living quarters provide on‑site residential space
- Commercial area and livable space are integrated in one building
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
$26,219
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
5.83%
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%
$524,380
$524.4K
Cap Rate 7%
$374,557
$374.6K
Cap Rate 9%
$291,322
$291.3K
Market Conditions
NOI Build-Up for 1,844 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
$45.8K $24.84/SF
− Vacancy
−$10.8K −$5.88/SF
EGI
$35.0K $18.96/SF
− OpEx
−$8.7K −$4.74/SF
NOI
$26.2K $14.22/SF
Area
Washington County, WI
Vacancy
23.68%
Lease Rate
$24.84 /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%
$524,380
Cap Rate 7%
$374,557
Cap Rate 9%
$291,322
Alternative Uses
Best Use
Office B
$374.6K
$327.7K – $437.0K
NOI $26,219 @ 7.0% cap · market cap 5.83%
Second Best
Mixed Use
$293.8K
$257.1K – $342.8K
NOI $20,568 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$506.9K
$443.6K – $591.4K
NOI $35,486 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Explore this area
Business Placement
Demographics for 53095, WI
27,269
Population
12,741
Households
2.1
Avg Household Size
45
Median Age
32%
College-Educated
96%
High-School Grad
70.4 sq mi
ZIP Area
387
Density / Sq Mi
$82,219
Median Household Income
$49,779
Median Earnings
$1,015
Median Rent
$286,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned building combines business space with attached livable quarters and convenient freeway access.
Where is this mixed-use property located?
The property is located at 1618 W Washington St West Bend, WI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Commercial zoning supports mixed‑use occupancy; Attached living quarters provide on‑site residential space; Commercial area and livable space are integrated in one building
