Retail
10203 Northwestern Avenue, Franksville, WI 53126
For Sale
New
$350,000
Commercial zoning is a defining feature of this retail property.
Property Size3,068 SF
Price / SF$114.08
Days on Market4
Property Features for 10203 Northwestern Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Property Use
Building Details
Building Size
Year Built
Listing Agency:
Berkshire Hathaway Home Services Epic Real Estate
(262) 605-1500
Listed By:
Joseph Sturino
(414) 698-9480
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 2:58PM
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 Berkshire Hathaway Home Services Epic Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The retail property contains 3,068 square feet and dates to 1900. Its zoning is Commercial.
Located at 10203 Northwestern Avenue in Franksville, Wisconsin 53126, the property is offered for sale.
Located at 10203 Northwestern Avenue in Franksville, Wisconsin 53126, the property is offered for sale.
Key Highlights
- 3,068 square feet of retail space
- Built in 1900
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,215
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,300
$624.3K
Cap Rate 7%
$445,929
$445.9K
Cap Rate 9%
$346,833
$346.8K
Market Conditions
NOI Build-Up for 3,068 SF
Gross rent
$46.0K $15.00/SF
− Vacancy
−$1.4K −$0.47/SF
EGI
$44.6K $14.54/SF
− OpEx
−$13.4K −$4.36/SF
NOI
$31.2K $10.17/SF
Area
Racine County, WI
Vacancy
3.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,300
Cap Rate 7%
$445,929
Cap Rate 9%
$346,833
Alternative Uses
Best Use
Retail
$445.9K
$390.2K – $520.3K
NOI $31,215 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$737.8K
$645.6K – $860.8K
NOI $51,645 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 53126, WI
6,889
Population
2,918
Households
2.4
Avg Household Size
46
Median Age
39%
College-Educated
94%
High-School Grad
52.5 sq mi
ZIP Area
131
Density / Sq Mi
$98,446
Median Household Income
$53,494
Median Earnings
$1,009
Median Rent
$352,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Racine County, WI
Properties on Market for Retail space in Racine County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial zoning is a defining feature of this retail property.
Where is this retail space located?
The property is located at 10203 Northwestern Avenue Franksville, WI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 3,068 square feet of retail space; Built in 1900; Commercial zoning
