Office Suite with Conference
1020 West Boulevard, Racine, WI 53405
For Sale
Contact for pricing
Three private offices share a reception area and four ADA-compliant restrooms.
Property Size150 SF
Price / SF$4
Days on Market9
Property Features for 1020 West Boulevard
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Utilities to Site
Additional Details
Property Use
Amenities
Common/Shared conference room
large reception area
shared reception staff
ADA compliant bathrooms
Building Details
Building Size
Year Built
Listing Agency:
Re/Max Newport
(262) 632-9990
Listed By:
Tyler Murphy · License WI 58988-90
(262) 930-6877
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 13 at 3:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Re/Max Newport
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Investment Insights
Based on property information with market context.
The office suite includes three individual offices, a shared conference room and a large reception area. Shared reception staffing is available as an option, and the property has four shared ADA-compliant bathrooms. Private off-street parking is provided.
The property is on West Boulevard in Racine, with access to Hwy 20/Washington Avenue. B2 zoning is reported for the property.
The property is on West Boulevard in Racine, with access to Hwy 20/Washington Avenue. B2 zoning is reported for the property.
Key Highlights
- Three individual offices with a shared conference room
- Large reception area; shared reception staffing is optional
- Four shared ADA‑compliant bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,937
Suggested Prices Based on Cap Rates
Cap Rate 5%
$38,740
$38.7K
Cap Rate 7%
$27,671
$27.7K
Cap Rate 9%
$21,522
$21.5K
Market Conditions
NOI Build-Up for 150 SF
Gross rent
$3.2K $21.00/SF
− Vacancy
−$567 −$3.78/SF
EGI
$2.6K $17.22/SF
− OpEx
−$646 −$4.31/SF
NOI
$1.9K $12.92/SF
Area
Racine County, WI
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$38,740
Cap Rate 7%
$27,671
Cap Rate 9%
$21,522
Alternative Uses
Best Use
Office B
$27.7K
$24.2K – $32.3K
NOI $1,937 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$36.1K
$31.6K – $42.1K
NOI $2,525 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Explore this area
Business Placement
Demographics for 53405, WI
25,561
Population
11,509
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
90%
High-School Grad
6.6 sq mi
ZIP Area
3,873
Density / Sq Mi
$68,339
Median Household Income
$40,162
Median Earnings
$946
Median Rent
$173,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office Units in Racine County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Three private offices share a reception area and four ADA-compliant restrooms.
Where is this office unit located?
The property is located at 1020 West Boulevard Racine, WI.
What are key features of this property?
This property features: Three individual offices with a shared conference room; Large reception area; shared reception staffing is optional; Four shared ADA‑compliant bathrooms
