Updated Office
For Sale
$425,000
1726 E Washington St, West Bend, WI 53095
Office property with an open layout, refreshed finishes, and improved accessibility along a high-traffic road.
Property Size1,882 SF
Price / SF$225.82
Days on Market21
Property Features for 1726 E Washington St
General Information
Standard status
Active
Size
1,882 SF
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,216
Building Details
Year Renovated
2024
Listing Agency:
Boss Realty, LLC
(262) 305-4826
Listed By:
Brian Feucht · License #70940-94
(262) 305-4826
Source:
Exprealty
Added: Jul 21
Changed: Aug 10
Last Checked: Aug 10 at 5:45AM
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 office building is offered as real estate only, with the operating business expected to relocate later this year. The interior features an open-concept layout, new flooring, and new doors, creating a refreshed setting for office operations. Electrical service and exterior siding were updated in 2024, and an accessible handicap ramp was added the same year.
The property is positioned along E Washington St in West Bend, Wisconsin, a high-traffic road that provides strong exposure. Its updated interior and exterior components, together with the open configuration and accessibility improvements, provide a straightforward office setting for a future occupant.
The property is positioned along E Washington St in West Bend, Wisconsin, a high-traffic road that provides strong exposure. Its updated interior and exterior components, together with the open configuration and accessibility improvements, provide a straightforward office setting for a future occupant.
Key Highlights
- Real estate only; operating business expected to relocate later this year
- Open‑concept office layout with new flooring and new doors
- Electrical system updated in 2024
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
$26,759
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
6.30%
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%
$535,180
$535.2K
Cap Rate 7%
$382,271
$382.3K
Cap Rate 9%
$297,322
$297.3K
Market Conditions
NOI Build-Up for 1,882 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
$46.7K $24.84/SF
− Vacancy
−$11.1K −$5.88/SF
EGI
$35.7K $18.96/SF
− OpEx
−$8.9K −$4.74/SF
NOI
$26.8K $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%
$535,180
Cap Rate 7%
$382,271
Cap Rate 9%
$297,322
Alternative Uses
Best Use
Office B
$382.3K
$334.5K – $446.0K
NOI $26,759 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$517.4K
$452.7K – $603.6K
NOI $36,217 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
822
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office property with an open layout, refreshed finishes, and improved accessibility along a high-traffic road.
Where is this office building located?
The property is located at 1726 E Washington St West Bend, WI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Real estate only; operating business expected to relocate later this year; Open‑concept office layout with new flooring and new doors; Electrical system updated in 2024
