Office Unit with Private
2345 Douglas Ave, Racine, WI 53402
For Sale
Contact for pricing
The suite combines enclosed workspace with a larger open office area and has its own heating, air conditioning, and bathroom.
Property Size1,200 SF
Price / SF$1.00
Days on Market40
Property Features for 2345 Douglas Ave
General Information
Standard status
Size
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
shared front foyer
large sign
Listing Agency:
Doperalski Realty & Associates, LLC
(262) 898-3990
Listed By:
Steve Tajnai
(262) 227-6532
Source:
Exprealty
Added: Oct 6
Changed: Nov 10
Last Checked: Nov 12 at 1:49PM
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 Doperalski Realty & Associates, LLC
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Investment Insights
Based on property information with market context.
This 1,200-square-foot office unit includes a private office measuring approximately 12 by 9 feet alongside a larger open work area. The building is shared with H&R Block, and the suite has its own furnace, air conditioning system, and bathroom. A front foyer is shared, with a parking lot serving the building.
A large sign stands in front of the property on Douglas Avenue in Racine. The tenant is responsible for utilities and half the cost of snow removal and grass maintenance.
A large sign stands in front of the property on Douglas Avenue in Racine. The tenant is responsible for utilities and half the cost of snow removal and grass maintenance.
Key Highlights
- 1,200 square feet with an approximately 12‑by‑9‑foot private office
- Larger open office area, shared front foyer and parking lot
- Dedicated furnace, air conditioning and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,498
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,960
$310.0K
Cap Rate 7%
$221,400
$221.4K
Cap Rate 9%
$172,200
$172.2K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.2K $21.00/SF
− Vacancy
−$4.5K −$3.78/SF
EGI
$20.7K $17.22/SF
− OpEx
−$5.2K −$4.31/SF
NOI
$15.5K $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%
$309,960
Cap Rate 7%
$221,400
Cap Rate 9%
$172,200
Alternative Uses
Best Use
Office B
$221.4K
$193.7K – $258.3K
NOI $15,498 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$288.6K
$252.5K – $336.7K
NOI $20,200 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
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Business Placement
Demographics for 53402, WI
33,621
Population
15,660
Households
2.1
Avg Household Size
41
Median Age
33%
College-Educated
92%
High-School Grad
20.0 sq mi
ZIP Area
1,681
Density / Sq Mi
$74,125
Median Household Income
$47,838
Median Earnings
$1,049
Median Rent
$224,200
Median Home Value
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Market
Properties on Market for Office Units in Racine County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The suite combines enclosed workspace with a larger open office area and has its own heating, air conditioning, and bathroom.
Where is this office unit located?
The property is located at 2345 Douglas Ave Racine, WI.
What are key features of this property?
This property features: 1,200 square feet with an approximately 12‑by‑9‑foot private office; Larger open office area, shared front foyer and parking lot; Dedicated furnace, air conditioning and bathroom
