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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Retail space
2000 Lathrop Ave, Racine, WI 53405-3759
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-0304251
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Total area
28,908 SF
Lot
0.91 ac (39,727 SF)
Zoning code
B2
APN
276 000023653000
UPID
US92-0304251
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
-
My Foster Kids Foundation, Inc. Charitable Organization Social Service Agency
-
Amazon Hub Locker - Expectation Postal Service Courier Service
-
Lathrop Children's Academy Daycare Center Foster Care Service
-
Dzigns By Pre Hair Salon Nail Salon
-
Racine Liquidators Liquidator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$757k
Blend (final)
Blend
$860k
Owner & transaction history
Rraya Group LLC · 4 yrs held
Rraya Group LLC
since 2022
Last sale
$950,000
3 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
Method
Estimation
Statistic approach
$570,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $950k (Jun 20 2022)
Last sale anchor
$950k
Jun 20 2022
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
$30 / 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
$22,195
Tax year 2023
Assessed value
$696,000
Assessed 2023
Previous assessed
$696,000
+0.0% YoY
Effective rate
3.19%
On assessed value
Assessed land
$283,100
Assessed improvement
$412,900
Land market value
$313,531
Improvement market value
$457,284
Total market value
$770,815
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1948
Heating
YES
Stories
2
Total area
28,908 SF
Lot
0.91 ac (39,727 SF)
Zoning code
B2
APN
276 000023653000
UPID
US92-0304251
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
1948
Heating
YES
Stories
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
Rraya Group LLC
Entity
Mailing address
3901 W DORY DR, FRANKLIN, WI 53132-8108
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2022
$950,000
Rraya Group LLC
Osm Investment Group LLC
Warranty Deed
$425,105 · State Bank Of Chilton
Jun 15, 2015
—
Osm Investment Group LLC
Jensen,kai L
Warranty Deed
—
Apr 9, 2010
$435,000
Osm Investment Group LLC
Jensen,kai L
Grant Deed
—
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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