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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1720 Douglas Ave Racine, WI 53404-2305
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US92-0057653
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1974
Total area
2,731 SF
Lot
0.33 ac (14,375 SF)
APN
276 000019830000
UPID
US92-0057653
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
-
CITY GAS Gas Station
-
Cash2Bitcoin Bitcoin ATM Atm
-
MoneyGram Bank Credit Union
-
M J Gas & Food Mart Inc Grocery & Convenience Store
-
Taqueria Arandas Taco Truck Restaurant Take-out & Catering
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
M J Gas & Food Mart INC · 19 yrs held
M J Gas & Food Mart INC
since 2006
7 recorded transactions
Zoning & alternative use
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
$14,582
Tax year 2023
Assessed value
$545,000
Assessed 2023
Previous assessed
$520,000
+4.8% YoY
Effective rate
2.68%
On assessed value
Assessed land
$89,300
Assessed improvement
$455,700
Land market value
$98,899
Improvement market value
$504,685
Total market value
$603,584
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1974
Heating
YES
Stories
1
Bathrooms
2
Total area
2,731 SF
Lot
0.33 ac (14,375 SF)
APN
276 000019830000
UPID
US92-0057653
Jurisdiction
RACINE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1974
Heating
YES
Stories
1
Bathrooms
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
M J Gas & Food Mart INC
Entity
Mailing address
1720 DOUGLAS AVE, RACINE, WI 53404-2305
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
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
Sep 11, 2024
—
M J Gas & Food Mart INC
—
Deed
related
$84,559 · Tri City National Bank
Oct 18, 2006
$540,000
M J Gas & Food Mart INC
Waheguru LLC
Warranty Deed
$619,000 · State Bank Of Chilton
Apr 3, 2006
$124,500
Marcelino Santiago
Albright,sharon L
Warranty Deed
related
$99,600 · First Magnus Financial Corp
Mar 18, 2005
$100,000
David L Tyler
Vanbesien,jackie
Grant Deed
related
$80,000 · Rbc Mortgage Co
May 21, 2004
$107,000
Gregory P Gotcher
Price,ervin & Stephany F
Warranty Deed
related
$96,300 · Argent Mortgage Co LLC
—
—
Waheguru LLC
—
Deed Of Trust
related
$614,013 · State Bank Chilton
—
—
Waheguru LLC
—
Deed Of Trust
related
$614,013 · State Bank Chilton
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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