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Property profile & analytics
OFF-MARKET
Investment properties
1301 Washington Ave Racine, WI 53403-1767
Individually Owned
1-yr Hold
Free & Clear
Property ID
US92-3517543
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Total area
2,400 SF
Lot
0.03 ac (1,350 SF)
Zoning code
B2
APN
276 000008872000
UPID
US92-3517543
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
-
Top Ten Sports Zone Bar & Pub
-
Warning Track LLC Bar & Pub
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
Jose Toscano · 1 yrs held
Jose Toscano
since 2024
Last sale
$215,000
3 recorded transactions
Zoning & alternative use
B2 · Racine, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$5,468
Tax year 2023
Assessed value
$96,000
Assessed 2023
Previous assessed
$91,000
+5.5% YoY
Effective rate
5.70%
On assessed value
Assessed land
$4,000
Assessed improvement
$92,000
Land market value
$4,429
Improvement market value
$101,889
Total market value
$106,318
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Heating
YES
Stories
2
Units
1
Bathrooms
3
Total area
2,400 SF
Lot
0.03 ac (1,350 SF)
Zoning code
B2
APN
276 000008872000
UPID
US92-3517543
Jurisdiction
RACINE
Zoning & alternative use
B2 · Racine, WI
Zoning B2 · permitted uses
B2 · Racine, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Racine. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Heating
YES
Stories
2
Units
1
Bathrooms
3
Lot
0.03 ac
Current owner
From public records · entity-resolved
Jose Toscano
Individual
Free & Clear · 1 yrs held
Mailing address
926 HIGH ST, RACINE, WI 53402-4849
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2024
$215,000
Jose Toscano
Jojo Enterprises LLC
Warranty Deed
—
May 21, 2021
$120,000
Jojo Eneterprises LLC
J & J Properties Racine LLC
Warranty Deed
—
Mar 23, 2006
$81,500
J & J Properties Racine LLC
Veguilla,miguel & Louis
Warranty 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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