Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4701 Washington Ave Racine, WI 53406

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,475,000

    Office space for rent with easy access and ample parking.

    Property size:
    1,313 SF
    Lot size:
    1.79 Acres

    Property Features for 4701 Washington Ave

    General Information

    Size
    1,313 SF
    Lot size
    1.79 Acres

    We can help!

    Listing Contact
    Jim Cavanaugh
    Jim Cavanaugh
    Source: Moodyscre

    Listing Agent: Jim Cavanaugh

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

    Learn more

    Property Insight Report

    Overview

    Office Space Near Westgate Mall

    This office space offers easy access from a main thoroughfare and is located adjacent to the Westgate Mall. The property features a variety of space layouts and ample parking. Excellent amenities are available within walking distance. The property size is 1,313 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    skearch Internet Marketing Service NAMI Racine County Non-Profit Organization U.S. Bank - Wealth ... Financial Planner Wealth Management Associate ... Financial Planner U.S. Bancorp Investments ... Financial Planner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.83664
    Latitude
    42.717917

    Nearby Similar for Lease

    • Contact for pricing
      3,400 SF

      Move-In-Ready Class A Office Space

      State-of-the-art office space with furnished offices and abundant parking.
      1244 West Blvd, Racine, WI 53405
      View Details
    • Contact for pricing
      800 SF

      Mount Pleasant Office and Retail

      Second floor suite in high-traffic area, ideal for office.
      4900 Spring St, Racine, WI 53406
      View Details
    • Contact for pricing
      1,831 SF

      Professional Office Space Available

      Office space in Windsor Court, Racine, WI, for rent.
      5802 Washington Ave, Racine, WI 53406
      View Details
    • Contact for pricing
      390,318 SF

      Enterprise Business Park Warehouse

      390,318 SF warehouse space available for lease.
      2715 International Dr, Mt Pleasant, WI
      View Details
    • Contact for pricing

      Racine Warehouse with Easy Access

      Warehouse space with easy access to transportation and major markets.
      Racine, WI 53406
      View Details
    • $4 SF/Yr
      153,067 SF

      High Ridge Center: Racine, WI

      Retail & Office Space Available in Racine
      2211-2417 Green Bay Rd, Racine, WI 53406
      View Details
    • Contact for pricing
      78,011 SF

      Greentree Centre: Retail Space Available

      Racine, WI Strip Center; 1,800 SF Vacant
      5111-5141 Douglas Ave, Racine, WI 53402
      View Details
    • Contact for pricing
      438,426 SF

      Mound Avenue Office & Warehouse

      Racine, WI: Executive Suites & Warehouse Space Available
      1220 Mound Ave, Racine, WI 53404
      View Details
    • Contact for pricing
      6,986 SF

      Racine Retail Building For Sale

      Prime Standalone Retail Space Available
      6501 Regency Dr, Racine, WI 53406
      View Details
    • $15 SF/Yr
      91,381 SF

      Shorecrest Shopping Center: Racine, WI

      Prime Racine Retail Space Available Now
      3900 Erie St, Racine, WI 53402
      View Details
    • Contact for pricing
      27,160 SF

      Harborview Professional Building: Racine, WI

      Downtown Racine Office Space: Lake Michigan Views
      601 Lake Ave, Racine, WI 53403
      View Details
    • Contact for pricing
      45,511 SF

      One Main Centre: Racine Office Space

      Downtown Racine office suites, 1,124-8,444 sq ft.
      1 Main St, Racine, WI 53403
      View Details

    FAQs

    What type of property is this?
    Office space - Office space for rent with easy access and ample parking.
    Where is this office space located?
    The property is located at 4701 Washington Ave Racine, WI.
    What are key features of this property?
    This property features: - Easy access off of main thoroughfare; - Adjacent to the Westgate Mall; - Excellent amenities within walking distance
    (414) 253-3950
    Request Owner's contact information
    4701 Washington Ave Racine, WI 53406
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4701 Washington Ave
    Racine, WI 53406
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    4701 Washington Ave Racine, WI 53406
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jim Cavanaugh
    Jim Cavanaugh
    (414) 253-3950
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.