Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3048 Douglas Avenue Racine, WI 53402

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    3,044 SF restaurant with drive-thru on 0.74 acres.

    Type:Retail
    Property size:
    3,044 SF
    Lot size:
    0.74 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    11
    Last Refresh:
    Mar 18 at 8:19 am

    Property Features for 3048 Douglas Avenue

    General Information

    Standard status
    Active
    Size
    3,044 SF
    Lot size
    0.74 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Nathan Powers

    Listing agent Nathan Powers

    Listing office CBRE, Inc.

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE, Inc.

    Overview

    Racine Restaurant with Drive-Thru

    The property at 3048 Douglas Avenue, Racine, WI 53402, is a 3,044 SF single-story, free-standing restaurant building on a 0.74-acre lot. Configured for fast food, it includes a drive-thru and indoor seating. Pylon signage is available. The site provides approximately 25 parking spaces and 45 feet of frontage on Douglas Avenue. It is zoned B2, supporting various commercial uses. Public transportation is accessible via a nearby bus line. The property is located adjacent to an ALDI supermarket in a commercially active corridor, enhancing visibility and accessibility.
    Location Intelligence

    Current Use by Public Records

    Arby's Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.80039
    Latitude
    42.75668

    Nearby Similar for Lease

    • Contact for pricing

      Downtown Racine Office/Retail Space

      Prime downtown Racine office or retail space for lease.
      244 Main St, Racine, WI 53403
      View Details
    • Contact for pricing

      Mount Pleasant Office and Retail

      Second floor suite in high-traffic area, ideal for office.
      4900 Spring St, Mount Pleasant, WI 53406
      View Details
    • Contact for pricing

      Move-In-Ready Class A Office Space

      State-of-the-art office space with furnished offices and abundant parking.
      1244 West Blvd, Racine, WI 53405
      View Details
    • $18/mo

      Class A Office Building

      Class A office building in downtown Racine with suites available.
      1 Main Street, Racine, WI, 53403
      View Details
    • Contact for pricing

      Professional Office Space Available

      Office space in Windsor Court, Racine, WI, for rent.
      5802 Washington Ave, Racine, WI 53406
      View Details
    • Contact for pricing

      High-Traffic Retail Center in Racine

      Retail center on the busiest intersection in Racine County.
      5201-5409 Washington Avenue, Racine, WI, 53406
      View Details
    • Contact for pricing

      Harborview Professional Building For Sale

      Historic office building with lake views and negotiable terms.
      601 Lake Ave, Racine, WI
      View Details
    • Contact for pricing

      Racine Neighborhood Shopping Center Space

      Neighborhood shopping center anchored by Piggly Wiggly with ample parking.
      3900 Erie Street, Racine, WI 53402
      View Details
    • Contact for pricing

      Racine Office Space For Rent

      Office space available in Racine, close to amenities.
      5801 Washington Ave, Racine, WI
      View Details
    • Contact for pricing

      Spacious Retail Space in Racine

      Prime retail space with modern interior and versatile layout.
      Racine, WI 53403
      View Details
    • Contact for pricing

      Racine Warehouse with Easy Access

      Warehouse space with easy access to transportation and major markets.
      Racine, WI 53406
      View Details
    • Contact for pricing

      Racine Retail Space For Lease

      Large 68,432 SF retail space with excellent visibility.
      2619 S Green Bay Rd, Racine, WI
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - 3,044 SF restaurant with drive-thru on 0.74 acres.
    Where is this drive through restaurant located?
    The property is located at 3048 Douglas Avenue Racine, WI.
    What are key features of this property?
    This property features: Existing fast food configuration with drive‑thru.; Located in a commercially active corridor with high visibility.; Pylon signage available.
    (414) 274-1690
    We can help!
    Listing Contact
    Nathan Powers
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!