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

    175 Water St West Bend, WI 53095-3415

    • Commercial real estate
    • 27,400 SF
    • 1.83 lot acres
    OFF-MARKET
    Value Estimations
    $4,835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-2046570
    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

    • TownePlace Suites Milwaukee West Bend / Hotel & Motel

    Property Details for 175 Water St

    Year built
    2020
    Construction
    FRAME
    Lot size
    1.83 lot acres
    Property size
    27,400 SF
    Property type
    Commercial real estate
    APN
    1119-132-0059
    APU
    11191320059

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,095,000
      6.5%
      $4,700,000
      7%
      $4,365,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,089,000
      Market price range: $2.46M - $6.09M
      AI Estimate
      $3,708,000
      Market price range: $1.05M - $3.71M

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

    Location Insight

    • Map
    • Local Demand
    City
    West Bend
    County
    Washington
    State
    Wisconsin
    Longitude
    -88.1785
    Latitude
    43.4228
    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
    $93,777
    $239,100
    $5,157,300
    $5,396,400
    -
    $367,740
    $7,452,468
    $7,820,208

    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
    • Contact for pricing
      2,415 SF

      Retail Property on Main Street

      Retail property with frontage on Main Street in West Bend.
      876 S Main St, West Bend, WI 53095
      View Details
    • $900,000
      0.20 Acres

      West Bend Redevelopment Opportunity

      Commercial land for redevelopment along the Milwaukee River.
      247 S Main St, West Bend, WI 53095
      View Details
    • $262,000
      0.10 Acres

      West Bend Duplex Investment Opportunity

      Fully rented duplex in desirable West Bend location near downtown.
      1047 W Washington St, West Bend, WI 53095
      View Details
    • $2,000,000
      12,129 SF

      Historic Mixed-Use Building in West Bend

      Mixed-use building with apartments and commercial spaces in downtown West Bend.
      139 N 6Th Ave, West Bend, WI 53095
      View Details
    • New
      $550,000
      8.94 Acres

      West Bend Development Opportunity

      Development opportunity zoned for duplex and multifamily residences.
      Lt1 E Washington St, West Bend, WI 53095
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      45,215 SF

      West Bend Retail Space Available

      Prime Retail Space, Multiple Units
      900 Gateway Ct, West Bend, WI 53095
      View Details
    • $17 SF/Yr
      10,240 SF

      West Bend Retail Space For Lease

      Prime Retail, 10,240 sq ft, West Bend, WI
      2028 Main St, West Bend, WI 53095
      View Details
    • Contact for pricing
      4,375 SF

      West Bend Office Space Available

      Class A office space with highway access in West Bend.
      1700 S Silverbrook Dr, West Bend, WI 53095
      View Details
    • Contact for pricing
      2,041 SF

      West Bend Medical Office Suites

      Medical office suites available for lease in West Bend.
      1102-1190 E Paradise Dr, West Bend, WI 53095
      View Details
    • $2,000 /Mo
      402 SF

      Main Street Retail/Office Space

      High-visibility space in downtown West Bend with River Walk views.
      141 N Main St, West Bend, WI 53095
      View Details
    • $15 SF/Yr
      2,500 SF

      West Bend Office Space Available

      Office space available for lease in West Bend, Wisconsin.
      1707 Vogt Dr, West Bend, WI 53095
      View Details

    Property Visit Statistics

    • Visits by month
      3.0k
    • Visitors by month
      1.9k
    • Avg Time on site
      336 min
    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.
    175 Water St
    West Bend, WI 53095-3415
    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.