Building Details

Year Built 1950

Listing Agency: Adashun Jones Real Estate

Listed By: Frank Adashun · License #91833299 Show Phone

Source: Nikolicgroup

Added: Aug 8 Changed: Oct 1 Last Checked: Oct 7 at 5:40PM

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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.

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 / Yr

$16,903

Cap Rate

3.22%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $58,804 @ 7.0% cap · market cap 11.20%

Second Best

Apartment 5plus

$716.4K

$626.9K – $835.8K (±1% cap)

NOI $50,149 @ 7.0% cap · market cap 9.55%

Theoretical Best

Office A

$1.45M

$1.27M – $1.69M (±1% cap)

NOI $101,455 @ 7.0% cap · market cap 19.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Cedar Lake Motel Hotel & Motel The Pub Bar & Pub

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this motels located? What is the asking price? Find similar properties What are key features of this property?

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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