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    5802 Washington Ave Racine, WI 53406
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    5802 Washington Ave Racine, WI 53406

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    • Office Units
    • 1,831 SF
    For Sale
    View Listing →
    Professional Office Space Available For Sale
    Contact for pricing
    1,831 SF

    Professional Office Space Available

    Office space in Windsor Court with high visibility and accessibility.

    5802 Washington AVENUE, Racine, WI 53406
    View Listing
    Property ID
    US92-1252225
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Eye clinic of Racine, LTD / Eye Care Center
    • Karapetian Raffi DO / Ophthalmologist
    • Bochat Summer E S DPM / Physician
    • Dr. Juna Lee, OD / Physician
    • HR Value Partners / Employment Agency / Business Service Center

    Property Details for 5802 Washington Ave

    Property size
    1,831 SF
    Property type
    Office Units
    Property subtype
    Commercial real estate

    Description

    Windsor Court professional building. Offers high visibility, handicap accessibility with elevator, signage and abundant lighted parking lot. Space offers approximately +/- 1831 sq/ft, waiting room, offices, bathroom and storage.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.850352
    Latitude
    42.719632

    Comparable in this City

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      Professional Office Space Available

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      Racine, WI Commercial Land

      2.2 acres of commercial land available in Racine, WI.
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      Prime Land in Mount Pleasant

      4.2-acre land suitable for residential or commercial development.
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      Commercial Land on Washington Avenue

      4.64 acres of commercial land with high traffic volume.
      Washington Ave, Racine, WI 53406
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      36.15 Acres

      36 Acres Ready For Development

      36 acres near developments with water and sewer access.
      Lt0 Mariner Dr, Racine, WI 53406
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    Similar Nearby for Sale

    • Contact for pricing
      1,313 SF

      Office Space Near Westgate Mall

      Office space for rent with easy access and ample parking.
      4701 Washington Ave, Racine, WI 53406
      View Details
    • Contact for pricing

      Professional Office Space Available

      Office unit with high visibility, accessibility, and ample parking.
      5802 Washington Ave, Mount Pleasant, WI 53406
      View Details
    • $749,900
      4.20 Acres

      Prime Land in Mount Pleasant

      4.2-acre land suitable for residential or commercial development.
      Lt0 National Ave, Mount Pleasant, WI 53406
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      Commercial Land on Washington Avenue

      4.64 acres of commercial land with high traffic volume.
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      Racine Development Opportunity

      4.86-acre commercial property in high-traffic Racine location.
      4801 Washington Ave, Racine, WI 53406
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      Racine, WI Commercial Land

      2.2 acres of commercial land available in Racine, WI.
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    Similar Nearby for Lease

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      1,831 SF

      Professional Office Space Available

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

      Racine Retail Center Space Available

      153,000 SF retail center in a high-traffic shopping district.
      2211-2417 S Green Bay Rd, Racine, WI 53406
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    • New
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      800 SF

      Mount Pleasant Office and Retail

      Office and retail suites available in high-traffic Mount Pleasant.
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      1,120 SF

      Racine Office Space For Rent

      Office space available in Racine, close to amenities.
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      Commercial Land Near Foxconn Development

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      Retail Space Near Regency Mall

      Retail spaces available near Regency Mall on Green Bay Road.
      2308-2406 S Green Bay Rd, Racine, WI 53406
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    View Listing
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    5802 Washington Ave
    Racine, WI 53406
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    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
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