Brick Office Building with
For Sale
$285,000
3716 Durand Ave, Racine, WI 53405
Updated commercial property includes a full lower level and an asphalt driveway with additional parking.
Property Size1,925 SF
Price / SF$148.05
Days on Market68
Property Features for 3716 Durand Ave
General Information
Standard status
Active
Size
1,925 SF
Building Details
Year Built
1950
Listing Agency:
Berkshire Hathaway HomeServices Metro Realty-Racine
Listed By:
Alicia Villa
(262) 497-4114
Source:
Nikolicgroup
Added: Aug 9
Changed: Oct 3
Last Checked: Oct 7 at 4:16PM
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 Berkshire Hathaway HomeServices Metro Realty-Racine
Investment Insights
Based on property information with market context.
Located at 3716 Durand Ave in Racine, Wisconsin, this 1,925-square-foot brick office building was constructed in 1950. The property includes a full basement with tall ceilings, offering additional interior area for storage or workspace. It was previously occupied by an insurance agency.
Recent property work includes a rubber roof upgrade, a new drain tile system, selected electrical improvements, interior painting, and flooring updates. The site also has an asphalt driveway and an additional parking space, providing practical improvements for office operations.
Recent property work includes a rubber roof upgrade, a new drain tile system, selected electrical improvements, interior painting, and flooring updates. The site also has an asphalt driveway and an additional parking space, providing practical improvements for office operations.
Key Highlights
- 1,925 sq. ft. brick office building constructed in 1950
- Full basement with tall ceilings
- Previously occupied by an insurance agency
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,861
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,220
$497.2K
Cap Rate 7%
$355,157
$355.2K
Cap Rate 9%
$276,233
$276.2K
Market Conditions
NOI Build-Up for 1,925 SF
Gross rent
$40.4K $21.00/SF
− Vacancy
−$7.3K −$3.78/SF
EGI
$33.1K $17.22/SF
− OpEx
−$8.3K −$4.31/SF
NOI
$24.9K $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%
$497,220
Cap Rate 7%
$355,157
Cap Rate 9%
$276,233
Alternative Uses
Best Use
Office B
$355.2K
$310.8K – $414.4K
NOI $24,861 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.9K
$405.1K – $540.1K
NOI $32,405 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Explore this area
Business Placement
Demographics for 53405, WI
25,561
Population
11,509
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
90%
High-School Grad
6.6 sq mi
ZIP Area
3,873
Density / Sq Mi
$68,339
Median Household Income
$40,162
Median Earnings
$946
Median Rent
$173,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Updated commercial property includes a full lower level and an asphalt driveway with additional parking.
Where is this office building located?
The property is located at 3716 Durand Ave Racine, WI.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,925 sq. ft. brick office building constructed in 1950; Full basement with tall ceilings; Previously occupied by an insurance agency
