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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Turn key restaurants
2031 Lathrop Ave Racine, WI 53405-3758
Entity Owned
3-yr Hold
Free & Clear
Property ID
US92-0821952
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1967
Total area
8,029 SF
Lot
1.11 ac (48,395 SF)
Zoning code
B2
APN
276 000023786002
UPID
US92-0821952
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
-
Buckets Pub 2nd Round Restaurant
-
Buckets Pub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$915k
Owner & transaction history
Cfb Real Estate LLC · 3 yrs held
Cfb Real Estate LLC
since 2023
Last sale
$900,000
5 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
$945,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10% · vs last sale $900k (May 3 2023)
Last sale anchor
$900k
May 3 2023
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
$114 / 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
$22,865
Tax year 2023
Assessed value
$910,000
Assessed 2023
Previous assessed
$870,000
+4.6% YoY
Effective rate
2.51%
On assessed value
Assessed land
$329,100
Assessed improvement
$580,900
Land market value
$364,476
Improvement market value
$643,343
Total market value
$1,007,819
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
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
1967
Heating
YES
Cooling
YES
Stories
1
Bathrooms
2
Total area
8,029 SF
Lot
1.11 ac (48,395 SF)
Zoning code
B2
APN
276 000023786002
UPID
US92-0821952
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
1967
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.11 ac
Current owner
From public records · entity-resolved
Cfb Real Estate LLC
Entity
Free & Clear · 3 yrs held
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2023
—
J&a Real Estate LLC
—
Deed
related
$400,000 · Cfb Real Estate LLC
May 4, 2023
—
Cfb Real Estate LLC
J & A Real Estate LLC
Correction Deed
related
—
May 3, 2023
$900,000
J&a Of Racine LLC
Cfb Real Estate LLC
Warranty Deed
$400,000 · Cfb Real Estate LLC
Jan 19, 2005
—
Cfb Real Estate LLC
Brandt,charles F & Connie F
Quit Claim Deed
related
—
—
—
Cfb Real Estate LLC
—
Deed Of Trust
related
$250,000 · Community State 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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