Property profile

1215 Lockwood Ave Racine, WI 53403

OFF-MARKET
Warehouses
Property ID
US92-0611200
6,492 SF 0.86 ac lot Built 1955
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1955
Total area 6,492 SF
Lot 0.86 ac (37,592 SF)
Zoning code I1
APN 276 000009868005
UPID US92-0611200

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Powder Coating Service
  • Hardware & Home Improvement Interior Design
  • Construction Company

Location

1215 Lockwood Ave Racine, WI 53403-2035
Racine metro Census 500 RACINE, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$360k
Blend (final) Blend
$250k

Owner & transaction history

since 2019
4 recorded transactions
2019
$120,000
2017
$210,462
2013
$180,000
1969
Price N/A

Zoning & alternative use

I1 · Racine, WI
Top alternative use upside
Commercial (general) $370,000 +50.0%
Retail stores $350,000 +41.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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