Downtown Menasha Commercial Redevelopment
For Sale
Contact for pricing
58-60 Racine St, Menasha, WI 54952
Prime location with flexible zoning and strong visibility.
Property Size1,496 SF
Price / SF$133.02
Days on Market114
Property Features for 58-60 Racine St
General Information
Standard status
Active
Size
1,496 SF
Property subtype
OFFICE
Listing Agency:
NAI Pfefferle
(920) 427-9473
Listed By:
Teresa Knuth · License #8909694
(920) 427-9473
Source:
Moodyscre
Added: May 4
Changed: Aug 8
Last Checked: Aug 25 at 1:44PM
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 NAI Pfefferle
Investment Insights
Based on property information with market context.
Located in downtown Menasha, this property offers walkable access to shops, restaurants, and the riverfront. The flexible zoning supports a variety of commercial or mixed-use redevelopment concepts. It features strong visibility and frontage along Racine Street. The two-parcel configuration allows for creative site planning or phased development. The existing structure is suitable for office, service retail, or boutique conversion. Neighboring retailers include Club Tavern, Club Liquor, The Spot on Main, The Sweet Lair, WeatherVane Restaurant, and Rusted Roost. The property size is 1496 square feet.
Key Highlights
- Prime downtown Menasha location with walkable access to amenities.
- Flexible zoning supports commercial or mixed‑use redevelopment.
- Strong visibility and frontage along Racine Street.
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
$16,965
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
8.53%
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%
$339,300
$339.3K
Cap Rate 7%
$242,357
$242.4K
Cap Rate 9%
$188,500
$188.5K
Market Conditions
NOI Build-Up for 1,496 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
$26.9K $18.00/SF
− Vacancy
−$4.3K −$2.88/SF
EGI
$22.6K $15.12/SF
− OpEx
−$5.7K −$3.78/SF
NOI
$17.0K $11.34/SF
Area
Winnebago County, WI
Vacancy
16.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$339,300
Cap Rate 7%
$242,357
Cap Rate 9%
$188,500
Alternative Uses
Best Use
Office B
$242.4K
$212.1K – $282.8K
NOI $16,965 @ 7.0% cap · market cap 8.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$322.9K
$282.5K – $376.7K
NOI $22,602 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
Demographics for 54952, WI
27,216
Population
12,412
Households
2.2
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
28.1 sq mi
ZIP Area
969
Density / Sq Mi
$67,280
Median Household Income
$44,765
Median Earnings
$906
Median Rent
$190,000
Median Home Value
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 units - Prime location with flexible zoning and strong visibility.
Where is this office units located?
The property is located at 58-60 Racine St Menasha, WI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Prime downtown Menasha location with walkable access to amenities.; Flexible zoning supports commercial or mixed‑use redevelopment.; Strong visibility and frontage along Racine Street.
