Warehouse Shop
1608 16th St Racine, WI 53403
1608 16th St, Racine, WI, 53403
$99,900
Pending
For Sale
$99,900
Pending
Approximate 850 SF warehouse/shop with an open layout and easy access, suited for storage or light manufacturing.
Property Size850 SF
Days on Market70
Property Features for 1608 16th St
General Information
- Standard status
- Pending
- Size
- 850 SF
Listing agency
Premier Point Realty LLC
(414) 241-0251
Listed by
Dustin Young
(414) 241-0251
Source
Exprealty
Added: May 15 Updated: Jul 22 at 4:49PM Checked: Jul 22 at 4:49PM
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 Premier Point Realty LLC
Investment Insights
Based on property information with market context.
This approx. 850 SF warehouse/shop offers a functional open layout designed for practical day-to-day use. The space is presented as flexible work and storage space, with room to support equipment and materials for contractors, small business operations, or secure storage needs.
The property is located at 1608 16th St in Racine, WI, described as conveniently situated just off Memorial Dr with easy access.
Ideal for buyers seeking a self-contained shop-style building, the offering is positioned for use as a workshop, service-based business space, or secure storage for equipment and materials.
The property is located at 1608 16th St in Racine, WI, described as conveniently situated just off Memorial Dr with easy access.
Ideal for buyers seeking a self-contained shop-style building, the offering is positioned for use as a workshop, service-based business space, or secure storage for equipment and materials.
Key Highlights
- Approx. 850 SF warehouse/shop at 1608 16th St
- Open‑layout shop space suited for storage or light manufacturing
- Easy access for day‑to‑day work and logistics
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $6.6k | $7.80 |
| − Vacancy | −$729 | −$0.86 |
| EGI | $5.9k | $6.94 |
| − OpEx | −$885 | −$1.04 |
| NOI | $5.0k | $5.90 |
850 SF · lease $7.80/SF/yr · vacancy 11.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$71.7K
$62.7K – $83.6K
NOI $5,016 @ 7.0% cap · market cap 5.02%
Second Best
Industrial
$59.0K
$51.6K – $68.8K
NOI $4,130 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$204.4K
$178.9K – $238.5K
NOI $14,309 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Custom Tool
Industrial Manufacturer
Similar For Sale Nearby
Similar Off Market Nearby
- Racine Business Center — 1405 16th St #1, Racine, WI 53403
- Armor Industrial — 1700 phillips ave, racine, wi 53403
- Need A Truck Haul LLC — 1301 18th St, Racine, WI 53403
FAQs
What type of property is this?
Warehouse - Approximate 850 SF warehouse/shop with an open layout and easy access, suited for storage or light manufacturing.
Where is this warehouse located?
The property is located at 1608 16th St Racine, WI.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Approx. 850 SF warehouse/shop at 1608 16th St; Open‑layout shop space suited for storage or light manufacturing; Easy access for day‑to‑day work and logistics
