Freestanding Bank Branch with
For Sale
Contact for pricing
300 E Washington St, Slinger, WI 53086
Former bank branch with drive-thru and parking for approximately 55 vehicles, with access from Washington St and Slinger Ave.
Property Size6,949 SF
Price / SF$136.57
Days on Market283
Property Features for 300 E Washington St
General Information
Standard status
Active
Size
6,949 SF
Total Parking Spaces
55
Property subtype
RETAIL
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
Colliers - Milwaukee
(414) 276-9500
Listed By:
Russell Sagmoen
(414) 278-6810
Source:
Moodyscre
Added: Dec 11, 2025
Changed: Sep 8
Last Checked: Sep 19 at 1:32PM
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 Colliers - Milwaukee
Investment Insights
Based on property information with market context.
This former freestanding bank branch includes a drive-thru and was designed for convenient customer access. The property sits on a large parcel and offers ample on-site parking for approximately 55 vehicles.
The site has access from both Washington St and Slinger Ave. It is positioned in the Slinger area and is close to Slinger High School, which enrolls 1,000+ students.
With its drive-thru functionality, parking availability, and two street access points, the property can be a practical fit for a range of retail or service-oriented concepts that benefit from visibility and straightforward customer flow.
The site has access from both Washington St and Slinger Ave. It is positioned in the Slinger area and is close to Slinger High School, which enrolls 1,000+ students.
With its drive-thru functionality, parking availability, and two street access points, the property can be a practical fit for a range of retail or service-oriented concepts that benefit from visibility and straightforward customer flow.
Key Highlights
- Former freestanding bank branch with drive‑thru
- Access from both Washington St and Slinger Ave
- On‑site parking for approximately 55 stalls
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
$84,405
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
8.89%
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%
$1,688,100
$1.7M
Cap Rate 7%
$1,205,786
$1.2M
Cap Rate 9%
$937,833
$937.8K
Market Conditions
NOI Build-Up for 6,949 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
$125.1K $18.00/SF
− Vacancy
−$4.5K −$0.65/SF
EGI
$120.6K $17.35/SF
− OpEx
−$36.2K −$5.21/SF
NOI
$84.4K $12.15/SF
Area
Washington County, WI
Vacancy
3.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,688,100
Cap Rate 7%
$1,205,786
Cap Rate 9%
$937,833
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,405 @ 7.0% cap · market cap 8.89%
Second Best
Specialty Retail
$1.08M
$942.0K – $1.26M
NOI $75,362 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,727 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 53086, WI
9,209
Population
4,003
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
98%
High-School Grad
21.5 sq mi
ZIP Area
428
Density / Sq Mi
$105,539
Median Household Income
$55,291
Median Earnings
$1,073
Median Rent
$363,000
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 Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Bank - Former bank branch with drive-thru and parking for approximately 55 vehicles, with access from Washington St and Slinger Ave.
Where is this bank located?
The property is located at 300 E Washington St Slinger, WI.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Former freestanding bank branch with drive‑thru; Access from both Washington St and Slinger Ave; On‑site parking for approximately 55 stalls
