Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1427 Racine Ave Waukesha, WI 53186-6468

    • Strip malls
    • 27,950 SF
    • 3.43 lot acres
    OFF-MARKET
    Value Estimation
    $815,000
    Location Intelligence
    Property ID
    US92-0815109
    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

    • Farmers Insurance - Jeremy Panczenko / Insurance Agency / Auto Insurance Agency
    • Golden Gate Restaurant / Chinese Restaurant / Asian Restaurant
    • Waukesha Antique Mall / Antique Store
    • Forever Faded Barber Shop / Barber Shop
    • Golden Gate Centre / Shopping Mall

    Property Details for 1427 Racine Ave

    Year built
    1963
    Lot size
    3.43 lot acres
    Property size
    27,950 SF
    Zone code
    B-1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    WAKC1340094
    APU
    WAKC1340094

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $875,000

    • CAP approach

      CAP return
      Estimation
      6%
      $770,000
      6.5%
      $740,000
      7%
      $855,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $715,000
      Geo Method
      $835,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $885,000
      Retail
      $720,000
      Mixed-Use
      $635,000
      Hospitality
      $790,000
      Educational
      $865,000
      Residential Income
      $800,000
      Energy
      $690,000
      Income-Based Land
      $860,000
      Food Service
      $705,000

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.2088
    Latitude
    42.9973
    CBSA code
    33340
    CBSA name
    MILWAUKEE-WAUKESHA-WEST ALLIS, 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
    $24,342
    $992,100
    $609,500
    $1,601,600
    -
    $0.00
    $0.00
    $1,658,143

    Comparable in this City

    • Value Estimation by Request
      5,639 SF

      1660 Main St

      SHOPPING CENTER, STRIP CENTER • 5,639 SF
      1660 Main St, Waukesha, WI 53186-3943
      View Details
    • Value Estimation by Request
      10,694 SF

      2177 Silvernail Rd

      SHOPPING CENTER, STRIP CENTER • 10,694 SF
      2177 Silvernail Rd, Waukesha, WI 53186
      View Details
    • Value Estimation
      $10,310,000
      11,961 SF

      234 Main St Ste, Unit 1

      SHOPPING CENTER, STRIP CENTER • 11,961 SF
      234 Main St Ste, Waukesha, WI 53186-4646
      View Details
    • Value Estimation
      $2,775,000
      21,291 SF

      1560 Moreland Blvd

      SHOPPING CENTER, STRIP CENTER • 21,291 SF
      1560 Moreland Blvd, Waukesha, WI 53186-3913
      View Details
    • Value Estimation
      $850,000
      6,890 SF

      1921 Silvernail Rd

      SHOPPING CENTER, STRIP CENTER • 6,890 SF
      1921 Silvernail Rd, Waukesha, WI 53186
      View Details
    • Value Estimation by Request
      6,896 SF

      2110 Moreland Blvd

      SHOPPING CENTER, STRIP CENTER • 6,896 SF
      2110 Moreland Blvd, Waukesha, WI 53186-2080
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Waukesha Retail Strip Center

      100% occupied retail strip center in affluent Milwaukee suburb.
      120 E Sunset Dr, Waukesha, WI 53186
      View Details
    • $675,000
      6,000 SF

      High-Visibility Commercial Property For Sale

      Commercial property with updated systems, ideal for various business uses.
      1344 Whiterock Ave, Waukesha, WI 53186
      View Details
    • $1,075,000
      11,989 SF

      Waukesha Retail Center - High Occupancy

      Prime Waukesha storefront, strong cash flow.
      237 Harrison Ave, Waukesha, WI 53186
      View Details
    • $1,750,000
      1 SF

      Restaurant Property in High-Traffic Area

      Restaurant property with drive-thru, patio, and high visibility.
      2423 Kossow Rd, Vernon, WI 53186
      View Details
    • $1,075,000
      11,989 SF

      Waukesha Executive Office Building

      Prime Waukesha location, 2,000 rentable sq ft.
      501 Grand Ave, Waukesha, WI 53186
      View Details
    • $329,900
      0.22 Acres

      Waukesha Duplex Investment Opportunity

      Spacious, updated duplex near downtown Waukesha with immediate rental income.
      512 E Main St, Waukesha, WI 53186
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,722 SF

      Pewaukee Crossing Retail Center

      High-traffic retail space, multiple suites available
      N20W22951 Watertown Rd, Waukesha, WI 53186
      View Details
    • Contact for pricing
      32,861 SF

      Waukesha Retail Center Opportunity

      Prime Waukesha location, flexible spaces available.
      139 Broadway St, Waukesha, WI 53186
      View Details
    • $16 SF/Yr
      4,280 SF

      Commercial Kitchen and Flex Space

      Commercial kitchen and flex space available for rent.
      1930 West Bluemound Rd, Waukesha, WI 53186
      View Details
    • $7 SF/Yr
      11,989 SF

      Grand Avenue Executive Office Space

      Waukesha Office Building - For Sale
      501 Grand Ave, Waukesha, WI 53186
      View Details
    • Contact for pricing
      968,979 SF

      RidgeView Corporate Park: Retail Space

      Prime Waukesha County retail space available.
      F Ridgeview Pkwy & Hwy, Waukesha, WI 53186
      View Details
    • Contact for pricing
      900 SF

      Retail Space with High Visibility

      Retail space available with high traffic and full access.
      12400-12450 W National Ave, New Berlin, WI 53186
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1427 Racine Ave
    Waukesha, WI 53186-6468
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.