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Property profile & analytics
FOR SALE
Commercial real estate
1718 Layard Ave Racine, WI 53404
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-0156953
For Sale
1 / 3
$1,750,000
1718 Layard Ave, Racine, WI 53404
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1935
Total area
53,953 SF
Lot
4.38 ac (190,967 SF)
Zoning code
I1
APN
276 000018788001
UPID
US92-0156953
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
-
Racine Power Equipment, LLC Hardware & Home Improvement General Contractor
-
Faith Hope & Love Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
Belle City Enterprises LLC · 5 yrs held
Belle City Enterprises LLC
since 2021
Last sale
$560,000
4 recorded transactions
Zoning & alternative use
I1 · 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
Method
Estimation
Statistic approach
$600,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $560k (Jan 19 2021)
Last sale anchor
$560k
Jan 19 2021
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
$11 / 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
$14,991
Tax year 2023
Assessed value
$588,000
Assessed 2023
Previous assessed
$588,000
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$221,000
Assessed improvement
$367,000
Land market value
$244,756
Improvement market value
$406,450
Total market value
$651,206
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1935
Heating
HOT WATER
Stories
2
Total area
53,953 SF
Lot
4.38 ac (190,967 SF)
Zoning code
I1
APN
276 000018788001
UPID
US92-0156953
Jurisdiction
RACINE
Zoning & alternative use
I1 · Racine, WI
Zoning I1 · permitted uses
I1 · 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
1935
Heating
HOT WATER
Stories
2
Lot
4.38 ac
Current owner
From public records · entity-resolved
Belle City Enterprises LLC
Entity
Mailing address
818 PERRY AVE, RACINE, WI 53406-4127
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2026
—
Belle City Enterprises LLC
—
Deed
related
$375,000 · Tri City National Bank
Jan 19, 2021
$560,000
Belle City Enterprises LLC
Sweetwind LLC
Warranty Deed
$300,000 · Tri City National Bank
Dec 2, 2010
$180,000
Willow Ents LLC
R & R Innovative Investments INC
Warranty Deed
$215,000 · Tri City National Bank
—
—
Sweetwind LLC
—
Deed Of Trust
related
$282,650 · Tri City National 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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