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Property profile & analytics
OFF-MARKET
Auto shops
1202 Lathrop Ave Racine, WI 53405-2833
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-3410653
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1962
Total area
1,653 SF
Lot
0.25 ac (10,890 SF)
Zoning code
B2
APN
276 000010511000
UPID
US92-3410653
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
-
Ekman Automotive Auto Repair Shop
-
D'Acquisto Motors Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ekman Motors LLC · 7 yrs held
Ekman Motors LLC
since 2019
6 recorded transactions
Zoning & alternative use
B2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,030
Tax year 2023
Assessed value
$275,000
Assessed 2023
Previous assessed
$263,000
+4.6% YoY
Effective rate
2.56%
On assessed value
Assessed land
$108,800
Assessed improvement
$166,200
Land market value
$120,495
Improvement market value
$184,065
Total market value
$304,560
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1962
Heating
YES
Stories
1
Total area
1,653 SF
Lot
0.25 ac (10,890 SF)
Zoning code
B2
APN
276 000010511000
UPID
US92-3410653
Jurisdiction
RACINE
Zoning & alternative use
B2 · Racine, WIZoning B2 · permitted uses
B2 · 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
1962
Heating
YES
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Ekman Motors LLC
Entity
Mailing address
1660 PERRY AVE, RACINE, WI 53406-4824
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2019
—
Ekman Motors LLC
—
Deed
related
$224,000 · Town Bank
Mar 18, 2019
$330,000
Ekman Motors LLC
D Acouisto Realty LLC
Warranty Deed
$244,000 · Town Bank
Jan 4, 2019
$59,300
City Of Racine
Dacquisto Realty LLC
Warranty Deed
—
Mar 7, 2017
—
Mark A Porcaro
—
Deed
related
$575,000 · Tri City National Bank
Sep 6, 2016
—
D Acquisto Realty LLC
Robert C Schneider
Deed
$115,000 · Tri City National Bank
Aug 7, 2006
$3,000
Dacquisto Realty LLC
Schneider R C & B Fam Trust
Grant Deed
—
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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