Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    Lt5 Woodlake Ct Racine, WI 53403

    Sponsored
    For Sale
    $225,000

    Residential - Mount Pleasant, WI

    Lot size:
    0.49 Acres
    Days on Market:
    281
    Last Refresh:
    Feb 4 at 10:06 am

    Property Features for Lt5 Woodlake Ct

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RES
    APN
    151032332128050
    Lot size
    0.49 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mark A Czarnecki

    CLS Realty, Inc. D/B/A Berkshire Hathaway HomeServices - Metro Realty (262) 439-8897

    Listing agent Mark A Czarnecki (262) 439-8897 License #57407-90

    Listing date Apr 30, 2025

    MLS# 1915118 Listing URL

    Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lake Michigan Shoreline Residential Lot

    Located on a cul-de-sac within a premier subdivision on the shores of Lake Michigan, this 0.49-acre lot is fully improved and ready for residential construction. The property offers the potential for relaxation with the sound of waves and views of sunrises. Situated between Racine and Kenosha, the location provides convenient access to both downtown Chicago, approximately one hour away, and downtown Milwaukee, about half an hour away. The property is located in Mount Pleasant, WI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Food Market Storage Facility HVAC Service Grocery & Convenience Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.804505
    Latitude
    42.675447

    Nearby Similar for Sale

    • $349,900
      2,377 SF

      Unique Mixed-Use Property in Racine

      Mixed-use property with retail space and a three-bedroom apartment.
      3401 Douglas Ave, Racine, WI 53402
      View Details
    • $430,000
      0.20 Acres

      Racine Duplex Near Zoo Beach

      Brick duplex near Racine Zoo, ideal for investment or multi-generational living.
      2206 N Main St, Racine, WI 53402
      View Details
    • New
      $179,900
      0.07 Acres

      Racine Four-Unit Investment Property

      Four-unit Racine property with cash flow and future value upside.
      508 8Th St, Racine, WI 53403
      View Details
    • $345,000
      0.08 Acres

      Racine Two-Family Home with Updates

      Well-maintained duplex with original woodwork and updated electrical systems.
      3401 Douglas Ave, Racine, WI 53402
      View Details
    • $189,900
      0.12 Acres

      West Racine Two-Family Duplex

      Two-story duplex in West Racine with updated units and recent upgrades.
      1531 Thurston Ave, Racine, WI 53405
      View Details
    • $299,000
      4,547 SF

      Racine Mixed-Use Investment Opportunity

      Versatile property with spa, warehouse, and office spaces for sale.
      1318 N Main St, Racine, WI 53402
      View Details
    • $170,000
      0.11 Acres

      Racine Fourplex Investment Opportunity

      Cash flow ready fourplex with strong rental potential in Racine.
      1819 W 6Th St, Racine, WI 53404
      View Details
    • $125,000
      0.22 Acres

      Racine Investment Opportunity: Three Units

      Three units on one lot near downtown Racine.
      1410 12Th St, Racine, WI 53403
      View Details
    • $349,900
      12,434 SF

      Racine Industrial Building For Sale

      Spacious industrial building suitable for warehousing, distribution, manufacturing, and more.
      1430 9Th St, Racine, WI 53403
      View Details
    • $1,249,900
      71,646 SF

      Racine Commercial Building with Market

      71,646 sq ft building with indoor market and commercial kitchen.
      2210 Rapids Dr, Racine, WI 53404
      View Details
    • $1,249,900
      32,748 SF

      Racine Retail and Flex Gym

      Versatile property with diverse tenants and development potential in Racine.
      2300 Rapids Dr, Racine, WI 53404
      View Details
    • $91,900
      0.18 Acres

      Racine Duplex Near Lake Michigan

      Two-unit duplex in Racine, Wisconsin, near Lake Michigan.
      1124 Lasalle St, Racine, WI 53404
      View Details

    FAQs

    What type of property is this?
    Land - Half-acre lot ready for dream home near Lake Michigan.
    Where is this land located?
    The property is located at Lt5 Woodlake Ct Racine, WI.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Half-acre lot in a premier subdivision on Lake Michigan.; - Ready to build your dream home.; - Stunning views and amazing sunrises.
    (414) 491-4298
    Request Owner's contact information
    Lt5 Woodlake Ct Racine, WI 53403
    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.
    Lt5 Woodlake Ct
    Racine, WI 53403
    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
    Lt5 Woodlake Ct Racine, WI 53403
    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

    We can help!
    Listing Contact
    Mark A Czarnecki
    Real Estate License ID: 57407-90
    (414) 491-4298
    Learn more
    Google sign-in failed. Please try again or use another login method.