Office-Warehouse Flex
1021 6th Street, Racine, WI 53403
For Sale
New
Contact for pricing
The property combines dedicated office and warehouse areas with shared loading facilities and a break room.
Property Size9,644 SF
Price / SF$0.00
Days on Market5
Property Features for 1021 6th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Warehouse & Industrial
Warehouse Space
Office Build-Out
Dock-High Doors
Drive-In Doors
Additional Details
Property Use
Amenities
shared break room
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Keller Williams Thrive-Caledonia
(262) 877-2100
Listed By:
Andrew Bollmeier · License WI #58795
(262) 498-4248
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 9 at 3:09PM
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 Keller Williams Thrive-Caledonia
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Investment Insights
Based on property information with market context.
Built in 1980, this flex property contains 9,644 square feet, divided between 3,533 square feet of office space and 6,211 square feet of warehouse area. The warehouse configuration can be expanded. Shared amenities include 2,658 square feet of loading space with both a drive-in dock and a semi-truck dock, along with an updated break room. The property also has parking for business use.
Zoned I2, the building is near downtown Racine and area industrial and manufacturing businesses.
Zoned I2, the building is near downtown Racine and area industrial and manufacturing businesses.
Key Highlights
- 9,644 square feet total: 3,533 square feet of office and 6,211 square feet of warehouse
- 2,658 square feet of shared loading area with drive‑in and semi docks
- Warehouse area can be expanded
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,864
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,280
$937.3K
Cap Rate 7%
$669,486
$669.5K
Cap Rate 9%
$520,711
$520.7K
Market Conditions
NOI Build-Up for 9,644 SF
Gross rent
$75.2K $7.80/SF
− Vacancy
−$8.3K −$0.86/SF
EGI
$66.9K $6.94/SF
− OpEx
−$20.1K −$2.08/SF
NOI
$46.9K $4.86/SF
Area
Racine County, WI
Vacancy
11.00%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,280
Cap Rate 7%
$669,486
Cap Rate 9%
$520,711
Alternative Uses
Best Use
Flex RnD
$1.22M
$1.06M – $1.42M
NOI $85,123 @ 7.0% cap
Second Best
Warehouse
$812.9K
$711.3K – $948.4K
NOI $56,906 @ 7.0% cap
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,343 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,462
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53403, WI
26,269
Population
11,876
Households
2.2
Avg Household Size
38
Median Age
23%
College-Educated
88%
High-School Grad
10.2 sq mi
ZIP Area
2,575
Density / Sq Mi
$58,274
Median Household Income
$37,130
Median Earnings
$1,029
Median Rent
$159,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Esperanza Coffee Collective — 1501 Washington Ave, Racine, WI 53403
- Catering By Chef John — 555 Main St, Racine, WI 53403, United States
Frequently Asked Questions
What type of property is this?
Flex space - The property combines dedicated office and warehouse areas with shared loading facilities and a break room.
Where is this flex space located?
The property is located at 1021 6th Street Racine, WI.
What are key features of this property?
This property features: 9,644 square feet total: 3,533 square feet of office and 6,211 square feet of warehouse; 2,658 square feet of shared loading area with drive‑in and semi docks; Warehouse area can be expanded
