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    212 4Th St Racine, WI 53403

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    For Sale
    $5,500,000

    Multi-tenant office/retail building with additional building and parking.

    Property size:
    70,000 SF
    Lot size:
    1.26 Acres

    Property Features for 212 4Th St

    General Information

    Size
    70,000 SF
    Lot size
    1.26 Acres

    Source: NAI Pfefferle Agent Tami Gemmell Swanto

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office/Retail Building with Additional Building

    The property features a 63,000 square foot masonry building zoned B4 for office or retail use, known as The Journal Times Building. An additional 7,000 square foot masonry building is located across the street on the Root River, equipped with overhead doors and 50 parking spaces. The property is currently multi-tenant occupied and generates a net operating income (NOI) of $494,442.50, with a cap rate of 8.99%. This property offers flexible use options, including owner/user, leaseback, investment, or conversion back to a manufacturing facility. It presents a strong investment or 1031 exchange opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NPO USA Inc Computer Support And Services Amplified Digital Advertising Agency MindfulNest Counseling LLC Counselor Supportive Hands Personal ... Home Health Care Service Root River CoWork ... Coworking Space

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.784113
    Latitude
    42.729855

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    FAQs

    What type of property is this?
    Office building - Multi-tenant office/retail building with additional building and parking.
    Where is this office building located?
    The property is located at 212 4Th St Racine, WI.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - High NOI: $494,442.50; - Attractive Cap Rate: 8.99%; - Large 63,000 SF masonry building zoned B4 (office/retail)
    (414) 916-4252
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    Racine, WI 53403
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    Realmo Value Estimation

    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.

    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.

    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
    212 4Th St Racine, WI 53403
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