Financial
Distress signals
Property profile

1021 6Th St Racine, WI 53403

FOR LEASE
Other warehouses
Property ID
US92-1239062
34,300 SF 2.76 ac lot Built 1980
Last sale Sep 2021 · $625,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A flex (industrial/office) building totaling approximately 9,644 square feet, divided into approximately 3,533 square feet of office space and approximately 6,211 square feet of warehouse space; the warehouse area can be expanded to accommodate operational needs. The building was constructed in 1980 and includes an updated shared break room. An additional approximately 2,658 square feet of shared loading area is provided, including both a drive-in dock and a semi dock. The property includes…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$32k
Tax billed · 2023
Assessed value$1.23M
Assessed land$180k
Assessed improvement$1.05M
Effective rate2.57%

Value estimate

· Sep 2026
$665k
$599k – $732k
AI approach$725k
NOI build-up
Gross scheduled income$75k
Vacancy & credit loss−$8k
Operating expenses−$20k
NOI · 669,485.71% cap applied$47k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$38/SF
County average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$19 – $61

Cap rate analysis

How does the asset earn?
669,485.71%
$47k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I2
JurisdictionRACINE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office24.1
Realty agency22.3
Spa & Massage14.9

Location

1021 6Th St Racine, WI 53403
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1109 Irving, Racine, WI 53403-1752 $65,000 Jun 2024 3,551 SF
3911 Memorial, Racine, WI 53403-3800 $2,523,400 Feb 2024 77,926 SF
702 Racine, Racine, WI 53403-1114 $330,000 Jul 2023 28,560 SF
1439 Jct, Racine, WI 53403 $145,000 Jan 2023 9,501 SF
3550 Memorial, Racine, WI 53403-3821 $400,000 Jul 2022 5,000 SF
2200 De Koven, Racine, WI 53403-2442 $2,850,000 Jun 2020 172,872 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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