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    Property profile & analytics

    1000 State St Racine, WI 53404-3348

    • Investment properties
    • 2,800 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    $265,000
    Last Sale
    Feb 20, 2025
    Location Intelligence
    Property ID
    US92-0724774
    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

    • Investment properties

    Property Details for 1000 State St

    Year built
    1886
    Lot size
    0.04 lot acres
    Property size
    2,800 SF
    Zone code
    B3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    276 000002840000
    APU
    276000002840000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $340,000
      6.5%
      $315,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $355,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $300,000
      Retail
      $255,000
      Mixed-Use
      $260,000
      Hospitality
      $340,000
      Educational
      $310,000
      Residential Income
      $330,000
      Energy
      $330,000
      Income-Based Land
      $250,000
      Food Service
      $290,000

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.7918
    Latitude
    42.7318
    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
    $1,714
    $3,300
    $60,700
    $64,000
    -
    $3,654
    $67,224
    $70,878

    Comparable in this City

    • Value Estimation by Request
      2,226 SF

      1466 Douglas Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,226 SF
      1466 Douglas Ave, Racine, WI 53404-2718
      View Details
    • Value Estimation
      $205,000
      2,549 SF

      1446 Dr Martin Luther King Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 2,549 SF
      1446 Dr Martin Luther King Dr, Racine, WI 53404-2768
      View Details
    • Value Estimation
      $265,000
      2,440 SF

      1102 Mound Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,440 SF
      1102 Mound Ave, Racine, WI 53404-3334
      View Details
    • Value Estimation
      $195,000
      6,420 SF

      1745 State St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,420 SF
      1745 State St, Racine, WI 53404-2900
      View Details
    • Value Estimation
      $205,000
      5,600 SF

      1002 State St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,600 SF
      1002 State St, Racine, WI 53404-3348
      View Details
    • Value Estimation
      $175,000
      3,009 SF

      1330 Memorial Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 3,009 SF
      1330 Memorial Dr, Racine, WI 53404-3048
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Racine Industrial Property for Sale

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      Commercial real estate • 2,177 SF
      1626 Rapids Dr, Racine, WI 53404
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      32,748 SF

      Racine Retail and Flex Gym

      Versatile property with diverse tenants and development potential in Racine.
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    • New
      $170,000
      0.11 Acres

      Racine Fourplex Investment Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      14,000 SF

      Racine Retail Space for Lease

      Retail space available in historic Racine's Belle City Square.
      2202 Northwestern Ave, Racine, WI 53404
      View Details
    • Contact for pricing
      438,426 SF

      Mound Avenue Office & Warehouse

      Racine, WI: Executive Suites & Warehouse Space Available
      1220 Mound Ave, Racine, WI 53404
      View Details
    • Contact for pricing
      68,432 SF

      Racine Retail Space For Lease

      Large 68,432 SF retail space with excellent visibility.
      2619 S Green Bay Rd, Racine, WI 53404
      View Details
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    1000 State St
    Racine, WI 53404-3348
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    Realmo Value Estimation

    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.

    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.

    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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