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    100 Washington St Slinger, WI 53086

    Sponsored
    For Sale
    $1,900,000

    Prime WI multifamily & office investment

    Property size:
    14,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    414
    This exceptional $1,900,000 investment opportunity presents the beautifully remodeled, historic Slinger House, a multifamily and office property located at 100 W Washington St, Slinger, WI 53086. Spanning 14,550 square feet on a 0.23-acre lot, this unique property boasts a rich history, having operated as a restaurant and grill for 165 years. The main building, a single-story structure built in 1910, includes a fully equipped, state-of-the-art 2,000 square foot kitchen located in the basement of the original dance hall. Six renovations over the past seven years have modernized the property, including updated mechanical systems. The main restaurant occupies the space of a former hotel, also benefiting from recent upgrades. The property also features renovated party rooms (a bar and chandelier room) created from the original 165-year-old dance hall, along with apartment and business office spaces totaling 890 square feet. The Carriage House Annex adds an additional 1,700 square feet of space. The property is zoned VC-D and includes 60 parking stalls. Annual property taxes are $9,296.35. This net lease property offers a 10-year lease term, providing a stable and attractive investment opportunity. The combination of historical charm, modern amenities, and diverse income streams makes this a truly unique and compelling investment.

    Property Features for 100 Washington St

    General Information

    Property type
    Multifamily properties
    Square Feet
    14,550 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1910
    Stories
    1

    We can help!

    Listing Contact
    Tom Bruss
    Tom Bruss

    Learn more

    Property Insight Report

    HighLights

    • Exceptional $1,900,000 investment opportunity: Historic Slinger House, a multifamily and office property.
    • Beautifully remodeled, historic Slinger House, operating as a restaurant and grill for 165 years.
    • Renovated party rooms (bar and chandelier room) in the original 165‑year‑old dance hall.
    • Fully equipped, state‑of‑the‑art 2,000 sq ft kitchen in the basement.
    • Six renovations in the past seven years, including updated mechanical systems and restaurant upgrades.
    Property Profile Location Intelligence

    Current Use by Public Records

    Budget Windshield Express Auto Glass Shop The Carriage House Bar The Slinger Event Hall ... Event Venue Town 9 Tap Restaurant Villas at Palmetto Beach Travel Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Slinger
    County
    Washington
    State
    Wisconsin
    Longitude
    -88.284852
    Latitude
    43.334791

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    FAQs

    What type of property is this?
    Multifamily property - Prime WI multifamily & office investment
    Where is this multifamily property located?
    The property is located at 100 Washington St Slinger, WI.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: Exceptional $1,900,000 investment opportunity: Historic Slinger House, a multifamily and office property.; Beautifully remodeled, historic Slinger House, operating as a restaurant and grill for 165 years.; Renovated party rooms (bar and chandelier room) in the original 165-year-old dance hall.
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    100 Washington St Slinger, WI 53086
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    Slinger, WI 53086
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    100 Washington St Slinger, WI 53086
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    We can help!
    Listing Contact
    Tom Bruss
    Tom Bruss
    Real Estate License ID: WI 94-42832
    Learn more
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