Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1515 Paradise Dr West Bend, WI 53095-9794

    • Commercial real estate
    • 20.92 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0580697
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Walmart Tech Services / Tech Support Center / (Bike/Boat/Book/etc) Store
    • Melodie Helmer / Pharmacy
    • Bhumika Patel / Pharmacy
    • Walmart Pet Services / Kennel & Boarding Facility
    • Walmart Bakery / Bakery / Specialty Food Shop

    Property Details for 1515 Paradise Dr

    Year built
    1998
    Lot size
    20.92 lot acres
    Property type
    Commercial real estate
    APN
    1119-262-0003
    APU
    11192620003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Bend
    County
    Washington
    State
    Wisconsin
    Longitude
    -88.1968
    Latitude
    43.396
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $261,377
    $7,977,500
    $9,004,000
    $16,981,500
    -
    $8,623,739
    $13,165,827
    $21,789,566

    Comparable in this City

    • Value Estimation by Request
      3.33 Acres

      4196 Woodcrest Rdg Dr

      COMMERCIAL (GENERAL) • 3.33 Acres
      4196 Woodcrest Rdg Dr, West Bend, WI 53095-8425
      View Details
    • Value Estimation by Request
      0.11 Acres

      300 6th Ave

      COMMERCIAL (GENERAL) • 0.11 Acres
      300 6th Ave, West Bend, WI 53095-3312
      View Details
    • Value Estimation by Request
      5.66 Acres

      1485 Corporate Ctr Dr

      COMMERCIAL (GENERAL) • 5.66 Acres
      1485 Corporate Ctr Dr, West Bend, WI 53095-9726
      View Details
    • Value Estimation by Request
      40.00 Acres

      5846 County Rd Z Z

      COMMERCIAL (GENERAL) • 40.00 Acres
      5846 County Rd Z Z, West Bend, WI 53095-9208
      View Details
    • Value Estimation by Request
      3.47 Acres

      2545 Enterprise St

      COMMERCIAL MISC • 3.47 Acres
      2545 Enterprise St, West Bend, WI 53095-1112
      View Details
    • Value Estimation by Request
      4.03 Acres

      1848 Hwy 33

      COMMERCIAL (GENERAL) • 4.03 Acres
      1848 Hwy 33, West Bend, WI 53095-8960
      View Details

    Similar Nearby for Sale

    • $500,000
      2,415 SF

      Prime West Bend Retail Building

      Bank Building, 2415 SF, $500K
      876 Main St, West Bend, WI 53095
      View Details
    • $299,900

      Land Available for Sale

      Land available for sale at 2704 S Main St.
      2704 S Main St, West Bend, WI 53095
      View Details
    • $1,000,000
      44.94 Acres

      West Bend Land Opportunity

      Land available in West Bend, Wisconsin, totaling 44.94 acres.
      Lt1 Decorah Rd, West Bend, WI 53095
      View Details
    • $400,000
      47.81 Acres

      West Bend Acreage: Recreational Land

      48 acres of recreational land in the Slinger School District.
      Lt1 Alpine Dr, West Bend, WI 53095
      View Details
    • $795,000
      3.82 Acres

      West Bend Vacant Commercial Land

      Highly visible corner lot in West Bend, Wisconsin.
      2575 S Main St, West Bend, WI 53095
      View Details
    • $2,200,000
      6,772 SF

      West Bend Restaurant - Main St.

      Prime Restaurant Location, High Traffic Area
      1437 Main St, West Bend, WI 53095
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      26,185 SF

      West Bend Medical Office Space

      Prime Medical Office Suites Available
      1102 Paradise Dr, West Bend, WI 53095
      View Details
    • Contact for pricing
      6,636 SF

      West Bend Retail Strip Center

      Prime Retail Space Available, High Visibility
      1310 Washington St, West Bend, WI 53095
      View Details
    • $9 SF/Yr
      4,200 SF

      West Bend Warehouse Space Available

      4,200 SF warehouse space for lease in West Bend.
      247-253 Stockhausen Ln, West Bend, WI 53095
      View Details
    • Contact for pricing
      3,014 SF

      Retail Space on Washington Street

      Retail space with easy highway access in retail corridor.
      1411 W Washington St, West Bend, WI 53095
      View Details
    • $16 SF/Yr
      3,668 SF

      West Bend Office Space Available

      Office space with easy highway access in West Bend, WI.
      2021 S 18Th Ave, West Bend, WI 53095
      View Details
    • $12 SF/Yr
      1,482 SF

      West Bend Flex Space Available

      Flex space available for rent in West Bend, Wisconsin.
      2950 E Progress Dr, West Bend, WI 53095
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1515 Paradise Dr
    West Bend, WI 53095-9794
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.