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Property profile

1913 Melvin Ave Racine, WI 53404

OFF-MARKET
Auto shops
Property ID
US92-0944459
5,757 SF 1.77 ac lot Built 1983
Last sale Jan 2019 · $610,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 5,757-square-foot industrial facility located in Racine, Wisconsin. It is configured for truck-related operations, including suitability for truck repair and on-site trailer parking. The building is currently occupied under an existing lease agreement with the term running through October 31, 2026, and the lease includes 3% annual increases.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$236k
Assessed land$45k
Assessed improvement$191k
Effective rate2.55%

Value estimate

· Oct 2026
$260k
$234k – $286k
AI approach$250k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
I2
JurisdictionRACINE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency52.2
Law Firm38.4
Dental Office30.3

Location

1913 Melvin Ave Racine, WI 53404-1505
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1328 Memorial, Racine, WI 53404-3048 $40,000 Nov 2024 2,112 SF
1332 Rpds, Racine, WI 53404-2314 $60,000 Oct 2022 3,980 SF
1626 Douglas, Racine, WI 53404-2722 $160,000 Oct 2022 7,612 SF
1442 Douglas, Racine, WI 53404-2718 $92,500 Feb 2022 1,296 SF
1820 Melvin, Racine, WI 53404-1504 $210,000 Mar 2021 9,200 SF
1504 Douglas, Racine, WI 53404-2720 $67,000 Nov 2020 1,760 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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