Office Unit with Finished
For Sale
Contact for pricing
4824 Green Bay Road, Kenosha, WI 53144
B1-zoned office space includes multiple sink-equipped rooms, private bath, kitchen area, and finished lower-level space.
Property Size296,496 SF
Price / SF$0.01
Days on Market1781
Property Features for 4824 Green Bay Road
General Information
Standard status
Active
Size
296,496 SF
Property subtype
Commercial Sale / Mixed Use
Zoning
B1
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1.00
Building Details
Year Built
1956
Stories
1
Listing Agency:
RE/MAX Advantage Realty
Listed By:
Michelle Volkmar · License #475208700
(847) 395-3000
Source:
Compass
Added: Dec 4, 2021
Changed: Oct 16
Last Checked: Oct 19 at 8:37AM
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 RE/MAX Advantage Realty
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Investment Insights
Based on property information with market context.
This office property, built in 1956, provides a reception area, front office suite with a private bath, and four additional rooms equipped with sinks. The layout includes four total bathrooms, a kitchen area on the main level, and a finished lower basement with one full bathroom.
Positioned on Green Bay Road in Kenosha, the property carries B1 zoning and offers a configuration suited to office-based business operations. The combination of private office areas, plumbing in multiple rooms, kitchen space, and finished lower-level area supports a range of workplace layouts.
Positioned on Green Bay Road in Kenosha, the property carries B1 zoning and offers a configuration suited to office-based business operations. The combination of private office areas, plumbing in multiple rooms, kitchen space, and finished lower-level area supports a range of workplace layouts.
Key Highlights
- B1 zoning
- Reception area plus front office suite with private bath
- Four rooms with sinks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,731,180
Suggested Prices Based on Cap Rates
Cap Rate 5%
$74,623,600
$74.6M
Cap Rate 7%
$53,302,571
$53.3M
Cap Rate 9%
$41,457,556
$41.5M
Market Conditions
NOI Build-Up for 296,496 SF
Gross rent
$6.23M $21.00/SF
− Vacancy
−$1.25M −$4.22/SF
EGI
$4.97M $16.78/SF
− OpEx
−$1.24M −$4.19/SF
NOI
$3.73M $12.58/SF
Area
Kenosha County, WI
Vacancy
20.10%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$74,623,600
Cap Rate 7%
$53,302,571
Cap Rate 9%
$41,457,556
Alternative Uses
Best Use
Office B
$53.30M
$46.64M – $62.19M
NOI $3,731,180 @ 7.0% cap · market cap 106,605.14%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$345.19M
$302.04M – $402.72M
NOI $24,163,226 @ 7.0% cap · market cap 690,377.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
Explore this area
Business Placement
Demographics for 53144, WI
26,702
Population
10,731
Households
2.5
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
43.4 sq mi
ZIP Area
615
Density / Sq Mi
$71,111
Median Household Income
$42,017
Median Earnings
$1,136
Median Rent
$248,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - B1-zoned office space includes multiple sink-equipped rooms, private bath, kitchen area, and finished lower-level space.
Where is this office unit located?
The property is located at 4824 Green Bay Road Kenosha, WI.
What are key features of this property?
This property features: B1 zoning; Reception area plus front office suite with private bath; Four rooms with sinks
