Grocery and Convenience Store
For Sale
$130,000
4303 16th St, Racine, WI 53405
The sale includes the business, while ownership of the premises remains outside the offering.
Property Size1,100 SF
Price / SF$118.18
Days on Market81
Property Features for 4303 16th St
General Information
Standard status
Active
Size
1,100 SF
Total Parking Spaces
4
Property subtype
Commercial
Zoning
B-1
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,415
Building Details
Building Size
1,100 SF
Year Built
1947
Listing Agency:
Realty ONE Group Boardwalk
(262) 586-7900
Listed By:
Rahul Jutley
(262) 301-0039
Source:
Defererealestate
Added: Aug 10
Changed: Oct 29
Last Checked: Oct 26 at 3:49AM
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 Realty ONE Group Boardwalk
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering is for a grocery and convenience store business. The associated building is not included in the sale.
Key Highlights
- Business sale excludes the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,192
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,840
$223.8K
Cap Rate 7%
$159,886
$159.9K
Cap Rate 9%
$124,356
$124.4K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$16.5K $15.00/SF
− Vacancy
−$512 −$0.47/SF
EGI
$16.0K $14.54/SF
− OpEx
−$4.8K −$4.36/SF
NOI
$11.2K $10.17/SF
Area
Racine County, WI
Vacancy
3.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,840
Cap Rate 7%
$159,886
Cap Rate 9%
$124,356
Alternative Uses
Best Use
Specialty Retail
$218.1K
$190.9K – $254.5K
NOI $15,270 @ 7.0% cap · market cap 11.75%
Second Best
Retail
$159.9K
$139.9K – $186.5K
NOI $11,192 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$264.5K
$231.5K – $308.6K
NOI $18,517 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
34k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
13,929 visits/mo
0.5 miles
Family Dollar
Shops & Services
6,294 visits/mo
0.5 miles
Dollar General
Shops & Services
4,170 visits/mo
0.5 miles
BP
Shops & Services
4,066 visits/mo
0.4 miles
U.S. Bank
Shops & Services
3,497 visits/mo
0.5 miles
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 Retail in Midwest region
Similar Off Market Nearby
- Malicki's Piggly Wiggly — 5201 Washington Ave, Mt Pleasant, WI 53406
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The sale includes the business, while ownership of the premises remains outside the offering.
Where is this grocery and convenience store located?
The property is located at 4303 16th St Racine, WI.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Business sale excludes the building
