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Property profile & analytics
OFF-MARKET
Turn key restaurants
1743 State St, Racine, WI 53404-2939
Entity Owned
~
Est. High Equity
Property ID
US92-3483247
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1920
Total area
3,905 SF
Lot
0.23 ac (10,106 SF)
Zoning code
B3
APN
276 000007475000
UPID
US92-3483247
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
-
Zak’s Fish & Chicken 2 Restaurant
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
1743 State Street LLC
1743 State Street LLC
since 2025
7 recorded transactions
Zoning & alternative use
B3 · 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
$5,128
Tax year 2023
Assessed value
$140,000
Assessed 2023
Previous assessed
$134,000
+4.5% YoY
Effective rate
3.66%
On assessed value
Assessed land
$21,900
Assessed improvement
$118,100
Land market value
$24,254
Improvement market value
$130,795
Total market value
$155,049
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1920
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
3,905 SF
Lot
0.23 ac (10,106 SF)
Zoning code
B3
APN
276 000007475000
UPID
US92-3483247
Jurisdiction
RACINE
Zoning & alternative use
B3 · Racine, WI
Zoning B3 · permitted uses
B3 · 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
1920
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
1743 State Street LLC
Entity
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2025
$400,000
1743 State Street LLC
Antonio Martinez
Warranty Deed
$275,000 · Tri City National Bank
Jun 27, 2023
—
Irma S Martinez
Antonio G Martinez
Transfer On Death Deed
related
—
Apr 12, 2021
—
Antonio G Martine
Christine Sanchez
Land Contract
—
May 31, 2018
$350,000
Christine Sanchez
Antonio G Martinez
Grant Deed
—
Sep 18, 2017
$18,000
Abraham Cruz
Cate,stanley A T & Daniel H T
Warranty Deed
—
Jun 13, 2016
$208,000
Antonio Martinez
Everardo Davalos
Warranty Deed
$225,000 · Tri City National Bank
Mar 13, 2012
—
Everardo Davalos
City Of Racine
Quit Claim Deed
related
—
Oct 27, 2011
$200,000
Everardo Davalos
Vasquez,jose L & Margarita R
Grant Deed
related
—
Aug 16, 2011
$200,000
Everardo Davalos
Vasquez,jose L & Margarita R
Warranty Deed
$180,000 · Tri City National Bank
—
—
Jose L Vasquez
—
Deed Of Trust
related
$40,000 · Tri City National Bank
—
—
Jose L Vasquez
—
Deed Of Trust
related
$91,000 · 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.
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