Retail Building for
For Sale
Contact for pricing
4400 67th Dr, Union Grove, WI 53182
For-sale retail property totaling 43,868 sq ft in Union Grove, WI.
Property Size43,868 SF
Price / SF$181.04
Days on Market53
Property Features for 4400 67th Dr
General Information
Standard status
Active
Size
43,868 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$515,658
Building Details
Year Built
2003
Tenancy
Multi
Listing Agency:
Lee & Associates - Madison
Listed By:
John Walsh · License #WI 55431-90
Source:
Crexi
Added: Jul 2
Changed: Aug 11
Last Checked: Aug 22 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 Lee & Associates - Madison
Investment Insights
Based on property information with market context.
This for-sale retail property totals 43,868 sq ft and is offered as a complete retail building at 4400 67th Dr, Union Grove, WI 53182.
The asset is positioned for businesses seeking a dedicated retail footprint within the Union Grove area. The offering is structured as the full property rather than a subdivided space, which can simplify leasing or ownership decisions for an end user or investor.
Because the available details describe the building at the retail property level, prospective buyers and tenants should evaluate the interior layout, storefront configuration, and any existing improvements during due diligence. The size may suit retailers looking for a large-format setup, while operators and investors can review whether the building’s retail configuration aligns with their merchandising, staffing, and customer-flow needs. Additional information beyond the total size and retail designation would be required to confirm specific unit breakdowns or site features.
The asset is positioned for businesses seeking a dedicated retail footprint within the Union Grove area. The offering is structured as the full property rather than a subdivided space, which can simplify leasing or ownership decisions for an end user or investor.
Because the available details describe the building at the retail property level, prospective buyers and tenants should evaluate the interior layout, storefront configuration, and any existing improvements during due diligence. The size may suit retailers looking for a large-format setup, while operators and investors can review whether the building’s retail configuration aligns with their merchandising, staffing, and customer-flow needs. Additional information beyond the total size and retail designation would be required to confirm specific unit breakdowns or site features.
Key Highlights
- For‑sale retail property totaling 43,868 sq ft
- Retail property located in Union Grove, WI
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$446,335
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,926,700
$8.9M
Cap Rate 7%
$6,376,214
$6.4M
Cap Rate 9%
$4,959,278
$5.0M
Market Conditions
NOI Build-Up for 43,868 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$658.0K $15.00/SF
− Vacancy
−$20.4K −$0.47/SF
EGI
$637.6K $14.54/SF
− OpEx
−$191.3K −$4.36/SF
NOI
$446.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,926,700
Cap Rate 7%
$6,376,214
Cap Rate 9%
$4,959,278
Alternative Uses
Best Use
Retail
$6.38M
$5.58M – $7.44M
NOI $446,335 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.55M
$9.23M – $12.31M
NOI $738,456 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 87%
Dining 13%
Piggly Wiggly
Groceries
11,443 visits/mo
0.1 miles
Domino's Pizza
Dining
1,694 visits/mo
0.1 miles
Demographics for 53182, WI
9,422
Population
3,471
Households
2.7
Avg Household Size
44
Median Age
27%
College-Educated
92%
High-School Grad
55.3 sq mi
ZIP Area
170
Density / Sq Mi
$93,175
Median Household Income
$53,210
Median Earnings
$1,067
Median Rent
$305,700
Median Home Value
Market
Vacancy Rate% for Retail 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?
Retail space - For-sale retail property totaling 43,868 sq ft in Union Grove, WI.
Where is this retail space located?
The property is located at 4400 67th Dr Union Grove, WI.
What is the asking price?
The asking price for this property is $7,942,000.
What are key features of this property?
This property features: For‑sale retail property totaling 43,868 sq ft; Retail property located in Union Grove, WI
