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Property profile & analytics
OFF-MARKET
Estimated value
$245,000
Retail space
1535 Douglas Ave Racine, WI 53404-2719
Entity Owned
14-yr Hold
Free & Clear
Property ID
US92-3453096
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
4,130 SF
Lot
0.25 ac (10,803 SF)
Zoning code
B2
APN
276 000002189000
UPID
US92-3453096
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
-
APS Appliances Electronics & Wireless Store Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$245k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$245k
Owner & transaction history
Aps Appliances LLC · 14 yrs held
Aps Appliances LLC
since 2012
7 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
Method
Estimation
Statistic approach
by Request
ML approach
$245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$245k
Range $221k – $270k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$59 / SF
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
$3,452
Tax year 2023
Assessed value
$109,000
Assessed 2023
Previous assessed
$109,000
+0.0% YoY
Effective rate
3.17%
On assessed value
Assessed land
$23,100
Assessed improvement
$85,900
Land market value
$25,583
Improvement market value
$95,133
Total market value
$120,716
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Heating
YES
Stories
1
Total area
4,130 SF
Lot
0.25 ac (10,803 SF)
Zoning code
B2
APN
276 000002189000
UPID
US92-3453096
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
1900
Heating
YES
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Aps Appliances LLC
Entity
Free & Clear · 14 yrs held
Mailing address
1535 DOUGLAS AVE, RACINE, WI 53404-2719
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2012
—
Aps Appliances LLC
Williams,scott A
Quit Claim Deed
related
—
Mar 11, 2010
$62,000
Scott A Williams
Olson,eric M & Patricia J
Warranty Deed
—
May 12, 2008
—
Eric Olson
Fox River State Bank
Quit Claim Deed
related
—
May 2, 2008
—
Eric Olson
Fox River State Bank
Quit Claim Deed
related
—
Jan 29, 2008
—
Eric M Olson
Kinderman,scott D
Quit Claim Deed
related
—
Dec 5, 2005
$73,000
Scott D Kinderman
Olson,eric M & Patricia J
Grant Deed
—
Dec 5, 2005
—
Fox River State Bank
Kinderman,scott D
Grant 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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