12-Unit Motel with
For Sale
$525,000
4991 Arthur Rd, Slinger, WI 53086
Semi-active motel and apartment property with private living quarters and B-1 zoning.
Property Size5,272 SF
Price / SF$99.58
Days on Market22
Property Features for 4991 Arthur Rd
General Information
Standard status
Active
Size
5,272 SF
Zoning
B-1
Site & Location
Traffic Count
36,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Land
Topography
level
Land Use
commercial, residential
Building Details
Year Built
1950
Listing Agency:
Adashun Jones Real Estate
(920) 251-5100
Listed By:
Frank Adashun · License #908264
Source:
Nikolicgroup
Added: Aug 8
Changed: Aug 29
Last Checked: Aug 29 at 3:57PM
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 Adashun Jones Real Estate
Investment Insights
Based on property information with market context.
This commercial property includes a semi-active 12-unit motel and apartment complex, along with a private three-bedroom living quarter. Built in 1950, the site has level terrain and is positioned for continued hospitality or mixed-use use under B-1 zoning.
The property fronts US Hwy 41, where reported daily traffic counts are 36,000 vehicles. It is located approximately 20 minutes north of Milwaukee and near Big Cedar Lake, Little Switzerland Ski Resort, and Slinger Speedway, which draw visitors throughout the year. The address is 4991 Arthur Rd, Polk, WI 53086.
The property fronts US Hwy 41, where reported daily traffic counts are 36,000 vehicles. It is located approximately 20 minutes north of Milwaukee and near Big Cedar Lake, Little Switzerland Ski Resort, and Slinger Speedway, which draw visitors throughout the year. The address is 4991 Arthur Rd, Polk, WI 53086.
Key Highlights
- Semi‑active 12‑unit motel and apartment complex
- Private three‑bedroom living quarter
- B‑1 zoning supports commercial possibilities
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
$16,903
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
3.22%
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%
$338,060
$338.1K
Cap Rate 7%
$241,471
$241.5K
Cap Rate 9%
$187,811
$187.8K
Market Conditions
NOI Build-Up for 5,272 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
$79.1K $15.00/SF
− Vacancy
−$43.5K −$8.25/SF
EGI
$35.6K $6.75/SF
− OpEx
−$18.7K −$3.54/SF
NOI
$16.9K $3.21/SF
Area
Washington County, WI
Vacancy
55.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
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%
$338,060
Cap Rate 7%
$241,471
Cap Rate 9%
$187,811
Alternative Uses
Best Use
Mixed Use
$840.1K
$735.1K – $980.1K
NOI $58,804 @ 7.0% cap · market cap 11.20%
Second Best
Apartment 5plus
$716.4K
$626.9K – $835.8K
NOI $50,149 @ 7.0% cap · market cap 9.55%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,455 @ 7.0% cap · market cap 19.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
36,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Motel - Semi-active motel and apartment property with private living quarters and B-1 zoning.
Where is this motel located?
The property is located at 4991 Arthur Rd Slinger, WI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Semi‑active 12‑unit motel and apartment complex; Private three‑bedroom living quarter; B‑1 zoning supports commercial possibilities
