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Property profile & analytics
OFF-MARKET
Estimated value
$300,000
Retail space
1007 Washington Ave Racine, WI 53403-1761
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-0307949
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1884
Total area
7,384 SF
Lot
0.33 ac (14,288 SF)
Zoning code
B3
APN
276 000003849000
UPID
US92-0307949
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Max Magic Supermarket Grocery & Convenience Store Food Market
-
The Sale Phone Store Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$300k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$300k
Owner & transaction history
Max Management LLC · 2 yrs held
Max Management LLC
since 2024
Last sale
$300,000
4 recorded transactions
Zoning & alternative use
B3 · Racine, WI
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Racine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Racine submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$300,000
ML approach
$300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$300k
Range $270k – $330k · ±10% · vs last sale $300k (Jan 16 2024)
Last sale anchor
$300k
Jan 16 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$41 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,323
Tax year 2023
Assessed value
$300,000
Assessed 2023
Previous assessed
$300,000
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$21,700
Assessed improvement
$278,300
Land market value
$24,032
Improvement market value
$308,215
Total market value
$332,247
Applied tax rate
276.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1884
Heating
YES
Stories
1
Bathrooms
2
Total area
7,384 SF
Lot
0.33 ac (14,288 SF)
Zoning code
B3
APN
276 000003849000
UPID
US92-0307949
Jurisdiction
RACINE
Zoning & alternative use
B3 · Racine, WIZoning B3 · permitted uses
B3 · Racine, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Check
Building & site characteristics
From public records
Year built
1884
Heating
YES
Stories
1
Bathrooms
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Max Management LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2024
$722,000
Max Management LLC
Manu Investment LLC
Quit Claim Deed
related
$1,450,000 · Bank Of Oakfield
Apr 6, 2021
—
Jojo Real Estate Investments LLC
—
Deed
related
$1,500,000 · Heartland Bank & Trust Co
Dec 4, 2009
$300,000
Jojo Real Estate Investments LLC
Jamal M Abdeljaber
Warranty Deed
—
—
—
Jamal M Abdeljaber
—
Deed Of Trust
related
$28,000 · Bank Mutual
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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