Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    209 6th St Racine, WI 53403-1213

    • Investment properties
    • 4,738 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    $230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0045872
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Keyla Kyles-Real Estate / Real Estate Agency

    Property Details for 209 6th St

    Year built
    1882
    Lot size
    0.05 lot acres
    Property size
    4,738 SF
    Zone code
    B4
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    276 000000318000
    APU
    276000000318000

    Description

    This exceptional 2,600 square foot commercial property, located at 209 6th Street, Unit 1, in the heart of Downtown Racine, Wisconsin, presents a unique opportunity for businesses seeking a vibrant and convenient location. Recently renovated, the space boasts a flexible open layout, ideal for a variety of commercial uses. The main level encompasses 1,800 square feet, providing ample room for operations, while an additional 800 square feet in the lower level offers versatile storage or expansion potential. The property features two bathrooms, ensuring convenience for employees and clients. Existing electrical and plumbing infrastructure provides ample capacity for future modifications and tenant improvements. A key highlight is the inclusion of a glass-walled conference area, offering a professional and adaptable space for meetings and collaborations. The property sits on a 0.05-acre lot and benefits from its proximity to Monument Square, placing it within a thriving business district surrounded by successful neighboring enterprises. This is an exceptional chance to establish or relocate your business in a dynamic and highly visible location within the Downtown Racine community. The asking price is $2000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $235,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $151,000
      Market price range: $152k - $403k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.7832
    Latitude
    42.7266
    CBSA code
    39540
    CBSA name
    RACINE, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,376
    $18,200
    $83,800
    $102,000
    -
    $20,156
    $92,808
    $112,964

    Comparable in this City

    • Value Estimation
      $1,425,000
      16,425 SF

      141 Main St, Unit 200

      OFFICE/RESIDENTIAL (MIXED USE) • 16,425 SF
      141 Main St, Racine, WI 53403-4631
      View Details
    • Value Estimation
      $245,000
      4,660 SF

      419 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,660 SF
      419 6th St, Racine, WI 53403-1217
      View Details
    • Value Estimation
      $60,000
      3,024 SF

      1301 Ctr St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,024 SF
      1301 Ctr St, Racine, WI 53403-1870
      View Details
    • Value Estimation
      $230,000
      0.33 Acres

      1221 21st St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.33 Acres
      1221 21st St, Racine, WI 53403-3385
      View Details
    • Value Estimation
      $245,000
      4,872 SF

      306 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,872 SF
      306 6th St, Racine, WI 53403-1216
      View Details
    • Value Estimation
      $240,000
      5,200 SF

      501 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,200 SF
      501 6th St, Racine, WI 53403-1109
      View Details

    Similar Nearby for Sale

    • $299,000
      3,105 SF

      Downtown Racine Mixed-Use Building

      Retail/office/residential building in downtown Racine on Main Street.
      420 Main St, Racine, WI 53403
      View Details
    • $1,200,000
      43,510 SF

      Racine Redevelopment Gem

      Historic Downtown Racine property, 43,510 sq ft.
      1012 Main St, Racine, WI 53403
      View Details
    • $415,000
      3,249 SF

      Historic Mixed-Use Building in Racine

      Two-story brick building with commercial space and luxury apartment.
      334 Main St, Racine, WI 53403
      View Details
    • $3,722,294
      60.04 Acres

      60-Acre Commercial Land, Mount Pleasant

      Prime Wisconsin acreage, ideal for development.
      7414 Braun Rd, Mount Pleasant, WI 53403
      View Details
    • $229,000
      2.90 Acres

      Prime Commercial Land, Racine, WI

      2.9 Acres, C2 Zoning, High Traffic
      0 Old Grn Bay Rd, Mount Pleasant, WI 53403
      View Details
    • $55,000
      1,351 SF

      Racine Commercial Property - $55K

      Prime Racine location, 1351 sq ft, great potential.
      1144 Memorial Dr, Racine, WI 53403
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      27,160 SF

      Harborview Professional Building: Racine, WI

      Downtown Racine Office Space: Lake Michigan Views
      601 Lake Ave, Racine, WI 53403
      View Details
    • $10 SF/Yr
      12,000 SF

      Prime Retail Space in Racine

      Versatile commercial space with parking, drive-in door, and basement.
      1610 Washington Ave, Racine, WI 53403
      View Details
    • Contact for pricing
      45,511 SF

      One Main Centre: Racine Office Space

      Downtown Racine office suites, 1,124-8,444 sq ft.
      1 Main St, Racine, WI 53403
      View Details
    • $15 SF/Yr
      3,500 SF

      Commercial Flex Space Available

      3,500 sq ft flex space with climate control.
      316 Sheridan Rd, Racine, WI 53403
      View Details
    • $11 SF/Yr
      8,505 SF

      330 Main St.

      Coworking space • 8,505 SF
      330 Main St, Racine, WI 53403
      View Details
    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.
    209 6th St
    Racine, WI 53403-1213
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.