212 Hamilton St Racine, WI 53402
COMMERCIAL - Racine, WI
Property Features for 212 Hamilton St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- I1 RES. industr
- Standard status
- Active
- APN
- 02458000
- Size
- 24,382 SF
- Lot size
- 1.53 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10098
Building Details
- Year built
- 1974
- Architectural style
- Other
Listing agent Renee Schoening (262) 900-8753
Listing office RE/MAX Newport 1020 West Blvd, Racine, WI (262) 632-9990
Listing date Jul 14, 2026
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Investment Insights
Based on property information with market context.
The facility is located in Racine, Wisconsin, just blocks from Lake Michigan at 212 Hamilton St. Zoning is listed as I1 RES. industr.
Additional business considerations are noted in the remarks, including the potential to purchase the ongoing business separately and an observed history of steady operations over the past 17 years, including a contract with UHAUL.
Key Highlights
- 1974‑built former Naval Base converted to a storage facility with 90 units
- Spacious office area plus 5 other potential office spaces
- Between office areas and upstairs studio apartment, there are 2.5 bathrooms
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $365.7k | $15.00 |
| − Vacancy | −$27.4k | −$1.13 |
| EGI | $338.3k | $13.88 |
| − OpEx | −$101.5k | −$4.16 |
| NOI | $236.8k | $9.71 |
