Medical Office Unit with Seven
For Sale
$310,000
190 Gardner Ave, Burlington, WI 53105
Professional medical-office unit with reception, break-room amenities, and a practical multi-room layout.
Property Size1,948 SF
Price / SF$159.14
Days on Market48
Property Features for 190 Gardner Ave
General Information
Standard status
Active
Size
1,948 SF
Amenities
large lobby
waiting and reception area
7 private offices or exam rooms
kitchen/break room
bathroom
Building Details
Year Built
1980
Listing Agency:
Bear Realty Of Burlington
Listed By:
Bradley Lois · License #5800490
(262) 763-8116
Source:
Nikolicgroup
Added: Aug 21
Changed: Oct 6
Last Checked: Oct 5 at 9:04PM
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 Bear Realty Of Burlington
Investment Insights
Based on property information with market context.
This 1,948-square-foot medical office unit is configured for professional use with a generous lobby, dedicated waiting and reception areas, and 7 private offices or exam rooms. The interior also includes a kitchen/break room and 1 bathroom, providing a functional arrangement for office or clinical operations.
Built in 1980, the unit is located within a medical plaza at 190 Gardner Ave Unit 3 in Burlington, Wisconsin.
Built in 1980, the unit is located within a medical plaza at 190 Gardner Ave Unit 3 in Burlington, Wisconsin.
Key Highlights
- 1,948‑square‑foot medical office unit
- 7 private offices or exam rooms
- Large lobby with waiting and reception areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,158
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,160
$503.2K
Cap Rate 7%
$359,400
$359.4K
Cap Rate 9%
$279,533
$279.5K
Market Conditions
NOI Build-Up for 1,948 SF
Gross rent
$40.9K $21.00/SF
− Vacancy
−$7.4K −$3.78/SF
EGI
$33.5K $17.22/SF
− OpEx
−$8.4K −$4.31/SF
NOI
$25.2K $12.92/SF
Area
Racine County, WI
Vacancy
18.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,160
Cap Rate 7%
$359,400
Cap Rate 9%
$279,533
Alternative Uses
Best Use
Office B
$359.4K
$314.5K – $419.3K
NOI $25,158 @ 7.0% cap · market cap 8.12%
Second Best
Healthcare Medical
$342.9K
$300.0K – $400.0K
NOI $24,001 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$468.5K
$409.9K – $546.5K
NOI $32,792 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53105, WI
29,654
Population
12,995
Households
2.3
Avg Household Size
44
Median Age
28%
College-Educated
94%
High-School Grad
159.5 sq mi
ZIP Area
186
Density / Sq Mi
$88,798
Median Household Income
$48,254
Median Earnings
$1,029
Median Rent
$295,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Molitor Pet & Bird Clinic — 108 N Pine St, Burlington, WI 53105
- Creature Comforts House Call Veterinary Service — 615 N Pine St, Burlington, WI 53105
Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional medical-office unit with reception, break-room amenities, and a practical multi-room layout.
Where is this medical office space located?
The property is located at 190 Gardner Ave Burlington, WI.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,948‑square‑foot medical office unit; 7 private offices or exam rooms; Large lobby with waiting and reception areas
