Multi-Tenant Industrial
For Sale
$1,250,000
2524 76th St, Franksville, WI
Two occupants are in place, with one lease running through 2034.
Property Size15,000 SF
Price / SF$83.33
Days on Market24
Property Features for 2524 76th St
General Information
Standard status
Active
Size
15,000 SF
Occupancy
100%
Net Operating Income
$93,780
Additional Details
Gross Income
$101,280
Taxes and HOA fees
Annual Taxes
$7,154
Building Details
Tenancy
Multi-Tenant
Listing Agency:
DeRango Real Estate Services
Listed By:
Anna Maria DeRango
(262) 989-6520
Source:
Exprealty
Added: Sep 22
Changed: Oct 13
Last Checked: Oct 15 at 1:33AM
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 DeRango Real Estate Services
Investment Insights
Based on property information with market context.
The industrial property contains 15,000 square feet and is occupied by two tenants. One tenancy extends through 2034, providing a defined lease horizon for part of the building.
Under the lease arrangements, tenants cover their own utility costs and reimburse additional operating expenses as stipulated in their agreements.
Under the lease arrangements, tenants cover their own utility costs and reimburse additional operating expenses as stipulated in their agreements.
Key Highlights
- 15,000‑square‑foot industrial property
- Occupied by two tenants
- One lease extends through 2034
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,891
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,457,820
$1.5M
Cap Rate 7%
$1,041,300
$1.0M
Cap Rate 9%
$809,900
$809.9K
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$117.0K $7.80/SF
− Vacancy
−$12.9K −$0.86/SF
EGI
$104.1K $6.94/SF
− OpEx
−$31.2K −$2.08/SF
NOI
$72.9K $4.86/SF
Area
Racine County, WI
Vacancy
11.00%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,457,820
Cap Rate 7%
$1,041,300
Cap Rate 9%
$809,900
Alternative Uses
Best Use
Industrial
$1.04M
$911.1K – $1.21M
NOI $72,891 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,504 @ 7.0% cap · market cap 20.20%
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
100%
Occupancy
Multi-Tenant-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Industrial property - Two occupants are in place, with one lease running through 2034.
Where is this industrial property located?
The property is located at 2524 76th St Franksville, WI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 15,000‑square‑foot industrial property; Occupied by two tenants; One lease extends through 2034
