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Property profile & analytics
OFF-MARKET
Investment properties
1656 Dr Martin Luther King Dr Racine, WI 53404-2752
Entity Owned
1-yr Hold
Free & Clear
Property ID
US92-0734082
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1929
Total area
3,780 SF
Lot
0.16 ac (7,057 SF)
Zoning code
B2
APN
276 000019800000
UPID
US92-0734082
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Brickbake LLC · 1 yrs held
Brickbake LLC
since 2025
5 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
$4,834
Tax year 2023
Assessed value
$151,000
Assessed 2023
Previous assessed
$151,000
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$19,000
Assessed improvement
$132,000
Land market value
$21,042
Improvement market value
$146,189
Total market value
$167,231
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
1929
Heating
YES
Stories
2
Units
2
Total area
3,780 SF
Lot
0.16 ac (7,057 SF)
Zoning code
B2
APN
276 000019800000
UPID
US92-0734082
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
1929
Heating
YES
Stories
2
Units
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Brickbake LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1775 NEWMAN RD APT 225TH MT PLEASANT
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2025
—
Brickbake LLC
Rose Ann Zickus
Warranty Deed
—
Sep 30, 2024
$125,000
Brickbake LLC
Rose Ann Zickus
Land Contract
$1,250,000 · Not Available
Aug 1, 2024
—
Rose Anne Zickus
Minnie Marie Modesti
Affidavit Of Death Of Joint Tenant
—
Feb 10, 2022
—
Minnie M Modesti
1656 Dr M L King JR Drive LLC
Quit Claim Deed
—
Nov 19, 2010
—
1656 Dr M L King JR Drive LLC
Modesti,eugene A & Minnie M
Quit Claim 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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