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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7200 Green Bay Rd Kenosha, WI 53142

    • Commercial real estate
    • 80,684 SF
    • 7.05 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0936274
    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

    • Kohl's / Department Store
    • SEPHORA at Kohl's / Cosmetic Store
    • Kinetic Drug Detox Kenosha / Health Counselor
    • Fenix Flame Comics / (Bike/Boat/Book/etc) Store / Newspaper & Magazine

    Property Details for 7200 Green Bay Rd

    Year built
    1995
    Lot size
    7.05 lot acres
    Property size
    80,684 SF
    Zone code
    B-2
    Property type
    Commercial real estate
    APN
    03-122-03-324-010
    APU
    312203324010

    Description

    Southport Plaza, located at 7200 Green Bay Rd in Kenosha, Wisconsin (zip code 53142), offers exceptional retail and restaurant opportunities. This single-story shopping center boasts a total of 285,747 square feet and features 45 suites, providing flexibility for various business needs. The property is strategically situated at the intersection of Hwy 31 and Hwy 50, ensuring high visibility and attracting shoppers from a wide area. Available spaces range from a minimum of 3,000 square feet to a maximum contiguous space of 28,630 square feet, catering to businesses of all sizes. The center benefits from ample parking with 3170 spaces available for customers and employees. Southport Plaza is anchored by prominent national retailers including Kohl's, Hobby Lobby, Party City, Petco, Office Max, and Fresh Thyme Market, creating a strong synergy and significant foot traffic. Currently, five spaces are available for lease, presenting a unique chance to establish or expand your business within a thriving retail environment. The property's prime location and established tenant mix make it an ideal investment for businesses seeking high visibility and a strong customer base.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,758,000
      Market price range: $2.31M - $9.57M

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

    Location Insight

    • Map
    • Local Demand
    City
    Kenosha
    County
    Kenosha
    State
    Wisconsin
    Longitude
    -87.8893
    Latitude
    42.5696
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-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
    $150,069
    $1,381,800
    $4,596,900
    $5,978,700
    -
    $2,015,808
    $6,706,085
    $8,721,893

    Comparable in this City

    • Value Estimation by Request

      6121 Grn Bay Rd Ste, Unit 258

      COMMERCIAL (GENERAL)
      6121 Grn Bay Rd Ste, Kenosha, WI 53142-2929
      View Details
    • Value Estimation by Request

      6121 Grn Bay Rd Ste, Unit 261

      COMMERCIAL (GENERAL)
      6121 Grn Bay Rd Ste, Kenosha, WI 53142-2926
      View Details
    • Value Estimation by Request
      0.81 Acres

      6419 Grn Bay Rd

      COMMERCIAL (GENERAL) • 0.81 Acres
      6419 Grn Bay Rd, Kenosha, WI 53142-2969
      View Details
    • Value Estimation by Request

      6125 Grn Bay Rd, Unit 352

      COMMERCIAL (GENERAL)
      6125 Grn Bay Rd, Kenosha, WI 53142-2928
      View Details
    • Value Estimation by Request
      2.57 Acres

      7630 Pershing Blvd

      COMMERCIAL (GENERAL) • 2.57 Acres
      7630 Pershing Blvd, Kenosha, WI 53142-4318
      View Details
    • Value Estimation
      $875,000
      5,826 SF

      6903 75th St

      COMMERCIAL (GENERAL) • 5,826 SF
      6903 75th St, Kenosha, WI 53142-3539
      View Details

    Similar Nearby for Sale

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      Kenosha Commercial Space - High Visibility

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      Kenosha Commercial Land - Highway 50

      Prime 1.29-acre outlot near Best Buy.
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    • $399,900
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      Kenosha Office Building - Prime Location

      High-Visibility Office Building, Ample Parking
      3636 80Th St, Kenosha, WI 53142
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      High-Traffic Kenosha Commercial Land

      1.12 Acres, Ideal Retail Site
      6110 Green Bay Rd, Kenosha, WI 53142
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      Prime Kenosha County Commercial Land

      1.53 Acres, B-Zoned, $900,000
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    Similar Nearby for Lease

    • $30 SF/Yr
      1,884 SF

      Kenosha Medical Office Space For Lease

      Prime Medical/Retail Space Available in Kenosha, WI
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    • $10 SF/Yr
      22,572 SF

      Kenosha Retail Strip Center

      High-traffic location, space available
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      Professional Office Spaces in Kenosha

      Class A office spaces with 24/7 access in high-traffic area.
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    • $18 SF/Yr
      28,630 SF

      Retail Space in Southport Plaza

      Retail spaces available in well-located shopping center with anchor tenants.
      7200 Green Bay Rd, Kenosha, WI 53142
      View Details
    • Contact for pricing
      4,500 SF

      Freestanding Retail Building on Green Bay

      High-visibility retail or restaurant space in Kenosha's commercial corridor.
      7120 Green Bay Rd, Kenosha, WI 53142
      View Details
    • New
      $1,000 /Mo
      600 SF

      Retail Space in High-Traffic Area

      Prime retail space in Kenosha with high visibility and recent upgrades.
      5606 75Th St, Kenosha, WI 53142
      View Details
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    Kenosha, WI 53142
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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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