Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Regency Mall Retail Space Available Title is generated by Realmo AI

    5900 Durand Ave, Racine, WI 53406

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces for lease within a busy shopping center.

    Type:Retail
    Added:
    Nov 19, 2021
    Days on Market:
    1635
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 5900 Durand Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 5900 Durand Ave Contact us

    We can help!

    Listing Contact
    Peter Glaser
    Peter Glaser

    Listing agent Peter Glaser License #WI50121-94

    Listing office CBRE - Milwaukee

    Listing date Nov 19, 2021

    Source Crexi

    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 CBRE - Milwaukee

    HighLights

    • Anchored by major retailers including Ross, Bob’s Furniture, Planet Fitness, Dunham’s.
    • Woodman’s Market (243,600 SF) opening Fall of 2025.
    • Boot Barn opening Spring 2025.
    • High traffic location at a main intersection.
    • Strong mix of regional traffic generators.
    • Located in the Racine market.

    Overview

    The Regency Mall features a mix of regional traffic generators. Anchor tenants include Ross, Boot Barn (opening Spring 2025), Bob’s Furniture, Planet Fitness, Dunham’s, and Woodman’s Market (243,600 SF opening Fall of 2025). The property benefits from a high-traffic location at a main intersection within the Racine market.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • High Ridge Center — 2101 S Green Bay Rd, Racine, WI 53406
    • Regency Mall — 5538 Durand Ave, Racine, WI 53406
    • Coinstar Kiosk - Bitcoin ATM — Roundy's Inc, 2820 S Green Bay Rd, Racine, WI 53406

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.851856
    Latitude
    42.69974

    Nearby Similar for Lease

    • $2,400/Mo

      Downtown Racine Office/Retail Space

      Prime downtown Racine office or retail space for lease.
      244 Main St, Racine, WI 53403
      View Details
    • Contact for pricing

      Move-In-Ready Class A Office Space

      State-of-the-art office space with furnished offices and abundant parking.
      1244 West Blvd, Racine, WI 53405
      View Details
    • $14 SF/Yr

      Grocery Anchored Retail Space

      Retail space in well-positioned, grocery-anchored shopping center.
      4011 Durand Avenue, Racine, WI, 53405
      View Details
    • $18 SF/Yr

      Class A Office Building

      Class A office building in downtown Racine with suites available.
      1 Main Street, Racine, WI, 53403
      View Details
    • Contact for pricing

      Professional Office Space Available

      Office space in Windsor Court, Racine, WI, for rent.
      5802 Washington Ave, Racine, WI 53406
      View Details
    • Contact for pricing

      High-Traffic Retail Center in Racine

      Retail center on the busiest intersection in Racine County.
      5201-5409 Washington Avenue, Racine, WI, 53406
      View Details
    • Contact for pricing

      Racine Restaurant with Drive-Thru

      3,044 SF restaurant with drive-thru on 0.74 acres.
      3048 Douglas Avenue, Racine, WI, 53402
      View Details
    • Contact for pricing

      Harborview Professional Building For Sale

      Historic office building with lake views and negotiable terms.
      601 Lake Ave, Racine, WI
      View Details
    • Contact for pricing

      Racine Neighborhood Shopping Center Space

      Neighborhood shopping center anchored by Piggly Wiggly with ample parking.
      3900 Erie Street, Racine, WI 53402
      View Details
    • $8 SF/Yr

      Commercial Space Available For Rent

      Commercial property available for rent.
      3737 Douglas Ave | Racine, WI 53402
      View Details
    • Contact for pricing

      Stand-Alone Retail Building Available

      Stand-alone building in strong retail area, available May 2025.
      6501 Regency West Drive | Racine, WI 53406
      View Details
    • Contact for pricing

      Racine Retail Space For Lease

      Freestanding retail space with visibility and highway access.
      3520 Rapids Drive, Racine, WI, 53404
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces for lease within a busy shopping center.
    Where is this shopping center located?
    The property is located at 5900 Durand Ave Racine, WI.
    What are key features of this property?
    This property features: Anchored by major retailers including Ross, Bob’s Furniture, Planet Fitness, Dunham’s.; Woodman’s Market (243,600 SF) opening Fall of 2025.; Boot Barn opening Spring 2025.
    (414) 273-0880 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Peter Glaser
    Peter Glaser
    Real Estate License ID: WI50121-94
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5900 Durand Ave, Racine, WI 53406
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!