Freestanding Storefront
New
For Sale
Contact for pricing
5102 N Green Bay Rd, Kenosha, WI 60083
A stand-alone commercial building occupies a substantial parcel.
Property Size8,193 SF
Lot Size1.28 Acres
Price / SF$195.29
Days on Market5
Property Features for 5102 N Green Bay Rd
General Information
Standard status
Active
Size
8,193 SF
Lot size
1.28 Acres
Property subtype
Retail
Building Details
Buildings
1
Listing Agency:
Mid America Real Estate Milwaukee
Listed By:
Mike Fitzgerald · License #WI 55552-94
(262) 613-3888
Source:
Crexi
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 2:37PM
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 Mid America Real Estate Milwaukee
Investment Insights
Based on property information with market context.
This freestanding storefront building contains approximately 8,193 square feet. It sits on a 1.28-acre parcel at 5102 N Green Bay Rd in Kenosha, Wisconsin.
Key Highlights
- Freestanding storefront building with approximately 8,193 square feet
- Property occupies a 1.28‑acre parcel
- Located at 5102 N Green Bay Rd in Kenosha, Wisconsin
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
$97,244
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
6.08%
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%
$1,944,880
$1.9M
Cap Rate 7%
$1,389,200
$1.4M
Cap Rate 9%
$1,080,489
$1.1M
Market Conditions
NOI Build-Up for 8,193 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
$147.5K $18.00/SF
− Vacancy
−$8.6K −$1.04/SF
EGI
$138.9K $16.96/SF
− OpEx
−$41.7K −$5.09/SF
NOI
$97.2K $11.87/SF
Area
Kenosha County, WI
Vacancy
5.80%
Lease Rate
$18.00 /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%
$1,944,880
Cap Rate 7%
$1,389,200
Cap Rate 9%
$1,080,489
Alternative Uses
Best Use
Retail
$1.39M
$1.22M – $1.62M
NOI $97,244 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$9.54M
$8.35M – $11.13M
NOI $667,696 @ 7.0% cap · market cap 41.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
76k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 47%
Home Improvements & Furnishings 2%
Kwik Trip
Shops & Services
36,941 visits/mo
Culver's
Dining
35,729 visits/mo
0.1 miles
North Shore Bank
Shops & Services
1,344 visits/mo
0.1 miles
Carpetland USA
Home Improvements & Furnishings
1,258 visits/mo
0.2 miles
Airgas
Home Improvements & Furnishings
634 visits/mo
0.3 miles
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - A stand-alone commercial building occupies a substantial parcel.
Where is this storefront property located?
The property is located at 5102 N Green Bay Rd Kenosha, WI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Freestanding storefront building with approximately 8,193 square feet; Property occupies a 1.28‑acre parcel; Located at 5102 N Green Bay Rd in Kenosha, Wisconsin
