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    6211 Durand Ave Mount Pleasant, WI 53406-4956
    Property profile & analytics

    6211 Durand Ave Mount Pleasant, WI 53406-4956

    View on Map
    • Office buildings
    • 0.75 lot acres
    Off-Market
    Property ID
    US92-0299647
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 6211 Durand Ave

    Lot size
    0.75 lot acres
    Property type
    Office buildings
    APN
    151 032226037000
    APU
    151032226037000

    Description

    This exceptional two-story office building, identified as Suite 100, presents a prime opportunity for businesses seeking a prominent location. Situated at 6211 Durand Avenue in Mount Pleasant, Wisconsin, 53406, this property enjoys high visibility on Highway 11, a major thoroughfare in Racine, offering convenient access to I-94 (just 4.5 miles east). The building is classified as both traditional and medical office space, making it suitable for a variety of professional uses. The single-tenancy structure provides a private and controlled environment. The building's design encompasses two stories, providing ample space for various business needs. Attractive rental rates and adaptable lease terms are available, ensuring flexibility for prospective tenants. This location offers excellent exposure and accessibility, making it an ideal choice for businesses seeking a strategic presence in a thriving community. The property's address is easily accessible from I-94, a key transportation artery, enhancing its appeal to a wide range of potential occupants. This is a rare opportunity to secure a well-positioned, high-visibility office space in a desirable location.

    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
    Mount Pleasant
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.8562
    Latitude
    42.6968
    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
    $22,114
    $163,400
    $1,142,600
    $1,306,000
    -
    $163,824
    $1,145,568
    $1,309,392

    Comparable in this City

    • Value Estimation
      $2,385,000
      19,200 SF

      90th St

      OFFICE BUILDING • 19,200 SF
      90th St, Racine, WI 53406
      View Details
    • Value Estimation by Request
      0.83 Acres

      5809 Durand Ave

      OFFICE BUILDING • 0.83 Acres
      5809 Durand Ave, Mount Pleasant, WI 53406-5012
      View Details
    • Value Estimation by Request
      0.18 Acres

      6929 Mariner Dr

      OFFICE BUILDING • 0.18 Acres
      6929 Mariner Dr, Mount Pleasant, WI 53406-3950
      View Details
    • Value Estimation by Request
      0.15 Acres

      6939 Mariner Dr

      OFFICE BUILDING • 0.15 Acres
      6939 Mariner Dr, Mount Pleasant, WI 53406-4090
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    • Value Estimation by Request
      0.04 Acres

      6939 Mariner Dr

      OFFICE BUILDING • 0.04 Acres
      6939 Mariner Dr, Mount Pleasant, WI 53406-4090
      View Details
    • Value Estimation
      $1,100,000
      8,560 SF

      9301 Washington Ave

      OFFICE BUILDING • 8,560 SF
      9301 Washington Ave, Mount Pleasant, WI 53406-3752
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,831 SF

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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.
      1230 Perry Ave, Racine, WI 53406
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    • Contact for pricing

      Land For Sale

      Land available for sale.
      S Frontage Rd, Mount Pleasant, WI 53406
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,831 SF

      Professional Office Space Available

      Office space in Windsor Court, Racine, WI, for rent.
      5802 Washington Ave, Racine, WI 53406
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      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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      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.
      5801 Washington Ave, Racine, WI 53406
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      Commercial Land Near Foxconn Development

      Land with development potential near Advocate Aurora Medical Clinic.
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      1,150 SF

      Retail Space Near Regency Mall

      Retail spaces available near Regency Mall on Green Bay Road.
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    Mount Pleasant, WI 53406-4956
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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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    6211 Durand Ave, Mount Pleasant, WI, 53406
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