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

    Racine St Menasha, WI

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

    High visibility site suitable for service business or strip mall.

    Type:LAND
    Lot size:
    1.07 Acres
    Added:
    Jul 3, 2019
    Days on Market:
    2489
    Last Refresh:
    Apr 5 at 8:51 pm

    Property Features for Racine St

    General Information

    Standard status
    Active
    Lot size
    1.07 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Dennis Jochman

    Listing agent Dennis Jochman

    Listing office Bechard Group

    Listing date Jul 3, 2019

    Source Moodyscre

    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 Bechard Group

    Overview

    Commercial Land For Sale

    This commercial land is an excellent site for a service business or multi-tenant strip mall. The property is located just east of the new 8-lane 441 bridge and on the north side of the City of Menasha. This high visibility site provides good exposure for business or multiple storefronts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Menasha
    County
    Winnebago
    State
    Wisconsin
    Longitude
    -88.4355
    Latitude
    44.2154

    Nearby Similar for Sale

    • $399,900

      Waterfront Lot for Dream Home

      Waterfront lot for a custom home with lake access.
      W7225 FIRELANE 2, MENASHA, WI 54952
      View Details
    • $299,900
      2,008 SF

      Menasha Ranch Duplex Investment Opportunity

      Well-maintained duplex in Menasha, WI, offering immediate income potential.
      1108 WOODLAND Drive, MENASHA, WI 54952
      View Details
    • $265,000
      2,012 SF

      Menasha Duplex: Investment Opportunity

      Duplex in Menasha, WI. Great investment or owner-occupancy opportunity.
      980 8TH Street, MENASHA, WI 54952
      View Details
    • $449,000
      16,632 SF

      Menasha Redevelopment Opportunity on Main

      Three-story building in downtown Menasha with redevelopment potential.
      140 Main St, Menasha, WI
      View Details
    • $380,000

      Prime Commercial Land Opportunity

      2.37 acre commercial parcel in Menasha, Wisconsin.
      1327 PROVINCE Terrace, MENASHA, WI 54952
      View Details
    • $80,000

      Residential Land in Established Community

      Residential land for custom home in central Menasha, Wisconsin.
      1786 EMERALD Court, MENASHA, WI 54952
      View Details
    • $999,000
      7 SF

      Industrial Buildings in Fox Crossing

      Two light industrial buildings suitable for automotive or storage uses.
      1164 Valley Rd Menasha, WI 54952, WI 54952
      View Details
    • $395,000
      7,300 SF

      Former Church Facility in Menasha

      Spacious facility suitable for religious, community, or nonprofit use.
      1100 London St, Menasha, WI
      View Details
    • Contact for pricing

      Development Parcel on Highway 47

      Commercial land parcel with high traffic count on Highway 47.
      1165 Appleton Rd, Menasha, WI 54952
      View Details
    • $727,040
      9,088 SF

      Menasha Industrial Property For Sale

      Industrial property in Menasha, WI with drive-through bay.
      1360 Appleton Rd, Menasha, WI
      View Details
    • $478,289

      Menasha Commercial Land For Sale

      Commercial land with utilities and highway access in Menasha, WI.
      1212 Province Ter, Menasha, WI
      View Details
    • $384,199

      Commercial Land in Growing Area

      Land with utilities, easy highway access, and excellent visibility.
      1253 Oneida St, Menasha, WI
      View Details

    FAQs

    What type of property is this?
    Commercial land - High visibility site suitable for service business or strip mall.
    Where is this commercial land located?
    The property is located at Racine St Menasha, WI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Excellent site for service business or multi‑tenant strip mall.; High visibility location.; Good exposure for business or multiple storefronts.
    (920) 205-3694 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dennis Jochman
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!