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    Property profile & analytics

    1301 Washington Ave Racine, WI 53403-1767

    • Investment properties
    • 2,400 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    $250,000
    Last Sale
    Dec 05, 2024
    $215,000
    Location Intelligence
    Property ID
    US92-3517543
    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

    • Top Ten Sports Zone / Bar
    • Warning Track LLC / Bar

    Property Details for 1301 Washington Ave

    Year built
    1920
    Lot size
    0.03 lot acres
    Property size
    2,400 SF
    Zone code
    B2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    276 000008872000
    APU
    276000008872000

    Description

    This 2,400 square foot warehouse, located at 1301 Washington Ave in Racine, Wisconsin, presents a compelling investment opportunity. Built in 1920, this two-story building sits on a 0.03-acre lot and is zoned B-2. The warehouse boasts ceiling heights ranging from 11 to 15 feet, providing ample vertical space. Fifteen parking spaces are available on-site. The property's APN is 08872000 and the zip code is 53403. This property is ideally situated in a revitalized area of Racine, offering potential for strong returns. While previously used as a sports bar with an attached rental unit, the property's zoning allows for a variety of commercial uses. The building's history and location within a thriving community contribute to its unique appeal. The potential for city grants for business improvements further enhances the investment prospects. This property offers a blend of historical charm and modern potential, making it an attractive option for discerning investors seeking a versatile commercial space in a dynamic urban setting.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $215,000

    • CAP approach

      CAP return
      Estimation
      6%
      $330,000
      6.5%
      $300,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $335,000
      Geo Method
      $320,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $305,000
      Mixed-Use
      $300,000
      Hospitality
      $320,000
      Educational
      $325,000
      Residential Income
      $315,000
      Energy
      $360,000
      Income-Based Land
      $380,000
      Food Service
      $355,000

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.7957
    Latitude
    42.7169
    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
    $5,468
    $4,000
    $92,000
    $96,000
    -
    $4,429
    $101,889
    $106,318

    Comparable in this City

    • Value Estimation by Request
      1,176 SF

      1710 Washington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,176 SF
      1710 Washington Ave, Racine, WI 53403-2049
      View Details
    • Value Estimation
      $130,000
      2,400 SF

      218 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,400 SF
      218 6th St, Racine, WI 53403-1214
      View Details
    • Value Estimation
      $190,000
      2,200 SF

      1859 Taylor Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,200 SF
      1859 Taylor Ave, Racine, WI 53403-2476
      View Details
    • Value Estimation
      $290,000
      3,120 SF

      1300 Villa St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,120 SF
      1300 Villa St, Racine, WI 53403-1857
      View Details
    • Value Estimation
      $290,000
      3,400 SF

      1330 Washington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,400 SF
      1330 Washington Ave, Racine, WI 53403-1768
      View Details
    • Value Estimation
      $180,000
      4,194 SF

      1111 Washington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,194 SF
      1111 Washington Ave, Racine, WI 53403-1763
      View Details

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      Prime Retail Space in Racine

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    1301 Washington Ave
    Racine, WI 53403-1767
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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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