Counseling Suite in Medical Office
1143 Warwick Way #2, Mount Pleasant, WI 53406
For Sale
Contact for pricing
A stair-free suite features eight private offices, two restrooms, a waiting area, and a breakroom.
Property Size2,110 SF
Price / SF$0.01
Days on Market10
Property Features for 1143 Warwick Way #2
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Berkshire Hathaway Home Services Epic Real Estate
(262) 605-1500
Listed By:
Karmen Johnson
(262) 620-9740
Source:
Howardandwilliams
Added: Oct 29
Changed: Nov 6
Last Checked: Nov 6 at 3:16PM
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.
Suite 2 contains 2,110 square feet in a stair-free building and is configured as a counseling center. The layout includes an entry and waiting area, 8 private offices, 2 restrooms, and a breakroom. The suite shares its building with one other tenant and cannot be divided. The building was constructed in 2000.
The property is a medical and office complex comprising 5 stand-alone buildings. National medical tenants include DaVita Dialysis, Aurora Health Center, and Concentra Urgent Care; other buildings also house professional office tenants. The lease is modified gross, with the tenant responsible for gas, electricity, and internet.
The property is a medical and office complex comprising 5 stand-alone buildings. National medical tenants include DaVita Dialysis, Aurora Health Center, and Concentra Urgent Care; other buildings also house professional office tenants. The lease is modified gross, with the tenant responsible for gas, electricity, and internet.
Key Highlights
- 2,110‑square‑foot counseling suite with a waiting area and 8 private offices
- Includes 2 restrooms and 1 breakroom
- Stair‑free building; suite shares space with one other tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,997
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,940
$519.9K
Cap Rate 7%
$371,386
$371.4K
Cap Rate 9%
$288,856
$288.9K
Market Conditions
NOI Build-Up for 2,110 SF
Gross rent
$46.8K $22.20/SF
− Vacancy
−$3.5K −$1.67/SF
EGI
$43.3K $20.54/SF
− OpEx
−$17.3K −$8.21/SF
NOI
$26.0K $12.32/SF
Area
Racine County, WI
Vacancy
7.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,940
Cap Rate 7%
$371,386
Cap Rate 9%
$288,856
Alternative Uses
Best Use
Office B
$389.3K
$340.6K – $454.2K
NOI $27,251 @ 7.0% cap · market cap 151,394.44%
Second Best
Healthcare Medical
$371.4K
$325.0K – $433.3K
NOI $25,997 @ 7.0% cap · market cap 144,427.78%
Theoretical Best
Office A
$507.4K
$444.0K – $592.0K
NOI $35,519 @ 7.0% cap · market cap 197,327.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53406, WI
27,078
Population
11,634
Households
2.3
Avg Household Size
45
Median Age
32%
College-Educated
93%
High-School Grad
16.4 sq mi
ZIP Area
1,651
Density / Sq Mi
$78,427
Median Household Income
$46,745
Median Earnings
$990
Median Rent
$262,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Prairie Side Veterinary Hospital — 6300 Washington Ave, Racine, WI 53406
Frequently Asked Questions
What type of property is this?
Medical Office Space - A stair-free suite features eight private offices, two restrooms, a waiting area, and a breakroom.
Where is this medical office space located?
The property is located at 1143 Warwick Way #2 Mount Pleasant, WI.
What are key features of this property?
This property features: 2,110‑square‑foot counseling suite with a waiting area and 8 private offices; Includes 2 restrooms and 1 breakroom; Stair‑free building; suite shares space with one other tenant
