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Property profile & analytics
OFF-MARKET
Bars & Pubs
1300 Main St Racine, WI 53402-4966
Entity Owned
10-yr Hold
Free & Clear
Property ID
US92-0597810
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1880
Total area
943 SF
Lot
0.13 ac (5,750 SF)
Zoning code
B2
APN
276 000002375000
UPID
US92-0597810
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
-
Main Hub Bar & Pub Restaurant
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
Nicholson Property Mgmt LLC · 10 yrs held
Nicholson Property Mgmt LLC
since 2016
5 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
$4,446
Tax year 2023
Assessed value
$156,000
Assessed 2023
Previous assessed
$149,000
+4.7% YoY
Effective rate
2.85%
On assessed value
Assessed land
$28,000
Assessed improvement
$128,000
Land market value
$31,009
Improvement market value
$141,759
Total market value
$172,768
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1880
Heating
YES
Stories
2
Units
1
Total area
943 SF
Lot
0.13 ac (5,750 SF)
Zoning code
B2
APN
276 000002375000
UPID
US92-0597810
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
1880
Heating
YES
Stories
2
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Nicholson Property Mgmt LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1534 COLLEGE AVE, RACINE, WI 53403-1949
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2017
—
Nicholson Property Management LLC
—
Deed
related
$92,000 · Education Cu
Apr 21, 2016
$68,000
Nicholson Property Mgmt LLC
Paar,patricia A
Warranty Deed
—
Apr 21, 2016
—
Patricia A Paar
Schmidt,clarence E
Affidavit Of Death
related
—
Apr 7, 2016
—
Patricia A Paar
Paar,gilbert L
Affidavit Of Death
related
—
Dec 16, 2014
—
Gilbert L Paar
Paar,gilbert
Quit Claim Deed
related
—
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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