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    196 W Chestnut St Burlington, WI 53105

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    Claim this Listing
    For Lease
    $1,200/Mo $12 SF/Yr (calc)

    Office(s),Professional Service,Retail,Special Purpose - Burlington, WI

    Property size:
    1,125 SF
    Lot size:
    0.19 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 29 at 8:06 pm

    Property Features for 196 W Chestnut St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Business
    Interior features
    Carpeting, Handicap Access, Handicap Equipped, Inside Storage, Office(s), Rest Rooms
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    2060319320224000
    Size
    1,125 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    10616

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1999
    Floors in Building
    1
    Building materials
    Brick, Fiber Cement
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Kristin Stahulak

    Listing agent Kristin Stahulak License #70281-94

    Listing office Keller Williams-MNS Wauwatosa 10001 W Innovation Dr, Suite 102, Wauwatosa, WI 53226, Whitefish Bay, WI

    Listing date Mar 11, 2026

    MLS# 1953566 Listing URL

    Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Burlington Office/Clinic Space Available

    This updated office or clinic space is immediately available for lease. The unit is located in a shared building next to a chiropractic office. The space is updated and ready to use, featuring ample natural light and privacy provided by higher transom windows. A lighted off-street parking lot is available, along with abundant street parking. The property is handicap accessible. The unit currently includes 2 private offices and a large reception area. It has previously been configured with 6 smaller exam rooms. The property is conveniently situated in downtown Burlington. The lot size is 0.19 acres and the property size is 1125 square feet. The property can be used for office, professional service, retail, or special purpose.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Racine
    State
    Wisconsin
    Longitude
    -88.275737
    Latitude
    42.680513

    Nearby Similar for Lease

    • $18 SF/Yr

      Retail Space Near Milwaukee Avenue

      Retail space available in Burlington Crossing Shopping Center.
      1709 Milwaukee Avenue, Burlington, WI, 53105
      View Details
    • Contact for pricing

      Multi-Tenant Building Available For Lease

      Approximately 11,532 SF multi-tenant building available for lease.
      125 E State St, Burlington, WI 53105
      View Details
    • $10 SF/Yr

      Burlington Office Space For Rent

      Office space available for lease in Burlington, Wisconsin.
      197 W Chestnut St, Burlington, WI
      View Details

    FAQs

    What type of property is this?
    Office units - Updated office or clinic space for lease in downtown Burlington.
    Where is this office units located?
    The property is located at 196 W Chestnut St Burlington, WI.
    What is the lease rate?
    The lease rate is $1,200 /Mo.
    What are key features of this property?
    This property features: Updated and ready‑to‑use office/clinic space available immediately.; Convenient downtown location.; Ample parking: lighted off‑street lot and street parking.
    (414) 962-3605
    We can help!
    Listing Contact
    Kristin Stahulak
    Real Estate License ID: 70281-94
    Learn More
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    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
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