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Property profile & analytics
OFF-MARKET
Estimated value
$90,000
Retail space
1601 Packard Ave Racine, WI 53403
Entity Owned
2-yr Hold
Free & Clear
Property ID
US92-0157211
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Total area
1,104 SF
Lot
0.1 ac (4,443 SF)
Zoning code
B2
APN
276 000014504000
UPID
US92-0157211
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$90k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$90k
Owner & transaction history
L 2 L Re LLC · 2 yrs held
L 2 L Re LLC
since 2024
Last sale
$90,000
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
$90,000
ML approach
$90,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$90k
Range $81k – $99k · ±10% · vs last sale $90k (Feb 5 2024)
Last sale anchor
$90k
Feb 5 2024
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
$82 / 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
$2,780
Tax year 2023
Assessed value
$78,000
Assessed 2023
Previous assessed
$78,000
+0.0% YoY
Effective rate
3.56%
On assessed value
Assessed land
$13,300
Assessed improvement
$64,700
Land market value
$14,729
Improvement market value
$71,654
Total market value
$86,383
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
1940
Heating
YES
Stories
1
Total area
1,104 SF
Lot
0.1 ac (4,443 SF)
Zoning code
B2
APN
276 000014504000
UPID
US92-0157211
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
1940
Heating
YES
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
L 2 L Re LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1601 PACKARD AVE, RACINE, WI 53403
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2024
$90,000
L 2 L Re LLC
1715 16th St LLC
Warranty Deed
—
Dec 12, 2023
—
1715 16th Street LLC
—
Deed
related
$63,680 · Home Federal Savings Bank
Apr 29, 2019
—
7108 43rd Avenue LLC
—
Deed
related
—
Aug 19, 2014
$20,000
7108 43rd LLC
Community St Bk
Grant Deed
—
Mar 20, 2014
$40,000
Community St Bk
Sheriff Of Racine County
Trustees Deed
related
—
Apr 17, 2008
—
Clyde O Austin
Alternative Funeral & Crematio
Warranty Deed
—
—
—
Clyde O Austin
—
Deed Of Trust
related
$69,734 · Community State Bank
—
—
7108 43rd Avenue LLC
—
Loan Modification
related
—
—
—
7108 43rd Avenue LLC
—
Deed Of Trust
related
$350,000 · Home Fsb
—
—
Funeral Alternative
—
Deed Of Trust
related
—
—
—
Funeral Alternative
—
Deed Of Trust
related
$54,000 · Community State Bank
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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