Multi-Tenant Industrial
2524 S 76th St, Franksville, WI 53126
For Sale
$1,250,000
Two occupants pay their own utilities, with additional operating expenses reimbursed under the lease terms.
Property Size15,000 SF
Price / SF$83.33
Days on Market49
Property Features for 2524 S 76th St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Net Operating Income
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
DeRango Real Estate Services
Listed By:
Anna Maria DeRango · License #WI38546-090
(262) 989-6520
Source:
Esorgroup
Added: Sep 22
Changed: Nov 7
Last Checked: Nov 8 at 5:15AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial complex contains 15,000 square feet and was built in 1972. The property is occupied by two tenants, and zoning is B-3.
Tenants cover their own utility costs, while additional operating expenses are reimbursed under the lease terms. One tenant has a lease extending into 2034.
Tenants cover their own utility costs, while additional operating expenses are reimbursed under the lease terms. One tenant has a lease extending into 2034.
Key Highlights
- 15,000 square feet of industrial space
- Two tenants occupy the complex
- One tenant's lease extends into 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
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 53126, WI
6,889
Population
2,918
Households
2.4
Avg Household Size
46
Median Age
39%
College-Educated
94%
High-School Grad
52.5 sq mi
ZIP Area
131
Density / Sq Mi
$98,446
Median Household Income
$53,494
Median Earnings
$1,009
Median Rent
$352,400
Median Home Value
Market
Average Price Trend$/SF for Industrial properties in Racine County, WI
Properties on Market for Industrial properties in Racine County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Two occupants pay their own utilities, with additional operating expenses reimbursed under the lease terms.
Where is this industrial property located?
The property is located at 2524 S 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 feet of industrial space; Two tenants occupy the complex; One tenant's lease extends into 2034
