Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Of 4 Mile Rd Racine, WI 53402

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Agricultural Land - 100 Acres

    Property Features for 0 Of 4 Mile Rd

    General Information

    Property type
    Land
    Lot Size
    4,356,000 SF

    We can help!

    Listing Contact
    Andy Pitts
    Andy Pitts

    Listing Agency: Pitts Brothers & Associates, LLC Listing Agent: Andy Pitts

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 100-acre parcel of land presents a unique investment opportunity in Racine County, Wisconsin. Located on the west side of State Highway 38, just north of Four Mile Road, in Caledonia, WI 53402 (42.7866535, -87.8303052), this property is zoned A-1 Agricultural, offering a wide range of potential uses within those parameters. The expansive acreage provides ample space for various agricultural pursuits, from traditional farming and livestock operations to potential future development within the permitted zoning regulations. The strategic location offers convenient access to major transportation routes, ensuring efficient logistics and connectivity. With its substantial size and desirable zoning, this property represents a compelling investment for those seeking a significant landholding in a thriving agricultural region. The asking price for this exceptional property is $1,080,000. Serious inquiries are encouraged to explore the possibilities this land offers. All interested parties are responsible for conducting their own due diligence regarding permitted uses and any necessary permits or approvals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.8303052
    Latitude
    42.7866535

    Nearby Similar for Sale

    • $299,000
      4,547 SF

      Racine Mixed-Use Investment Opportunity

      Versatile property with spa, warehouse, and office spaces for sale.
      1318 N Main St, Racine, WI 53402
      View Details
    • $499,900
      9,594 SF

      Equipped Restaurant, Bar with Apartments

      Restaurant, bar with apartments for sale or lease.
      1521 Washington Ave, Racine, WI 53403
      View Details
    • $349,900
      12,434 SF

      Racine Industrial Building For Sale

      Spacious industrial building suitable for warehousing, distribution, manufacturing, and more.
      1430 9Th St, Racine, WI 53403
      View Details
    • $410,000
      4,140 SF

      Downtown Racine Mixed-Use Building

      Three-story building with retail space and two apartments in Racine.
      530 Main St, Racine, WI 53403
      View Details
    • $1,249,900
      71,646 SF

      Racine Commercial Building with Market

      71,646 sq ft building with indoor market and commercial kitchen.
      2210 Rapids Dr, Racine, WI 53404
      View Details
    • $1,249,900
      32,748 SF

      Racine Retail and Flex Gym

      Versatile property with diverse tenants and development potential in Racine.
      2300 Rapids Dr, Racine, WI 53404
      View Details
    • $11,000,000
      0.88 Acres

      Downtown Racine Apartment Building

      78-unit complex with modern amenities and parking.
      134 Main St, Racine, WI 53403
      View Details
    • $100,000
      0.06 Acres

      Racine Duplex Opportunity

      Two-story duplex in Racine, Wisconsin, ready for renovation.
      223 N Memorial Dr, Racine, WI 53404
      View Details
    • $91,900
      0.18 Acres

      Racine Duplex Near Lake Michigan

      Two-unit duplex in Racine, Wisconsin, near Lake Michigan.
      1124 Lasalle St, Racine, WI 53404
      View Details
    • $125,000
      0.22 Acres

      Racine Investment Opportunity: Three Units

      Three units on one lot near downtown Racine.
      1410 12Th St, Racine, WI 53403
      View Details
    • Contact for pricing
      9,989 SF

      Medical Building on Green Bay

      Freestanding medical building in Mount Pleasant, Wisconsin for sale.
      4216 S Green Bay Rd, Mt Pleasant, WI 53403
      View Details
    • $675,000
      5,757 SF

      Racine Industrial Property For Sale

      100% occupied industrial property with lease in place until 2026.
      1913 Melvin Ave, Racine, WI 53404
      View Details

    FAQs

    What type of property is this?
    Land - Prime Agricultural Land - 100 Acres
    Where is this land located?
    The property is located at Of 4 Mile Rd Racine, WI.
    What is the asking price?
    The asking price for this property is $1,080,000.
    What are key features of this property?
    This property features: A-1 Agricultural zoning.; High-traffic location with excellent visibility.; Large lot size ideal for development or expansion.
    (262) 496-8883 Call to check price and availability
    Request Owner's contact information
    Of 4 Mile Rd Racine, WI 53402
    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.
    Of 4 Mile Rd
    Racine, WI 53402
    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
    Of 4 Mile Rd Racine, WI 53402
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andy Pitts
    Andy Pitts
    Real Estate License ID: 9483453
    (262) 496-8883
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!