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Property profile & analytics
OFF-MARKET
Retail space
2065 Lathrop Ave, Racine, WI 53405-3758
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-0156893
Property summary
AI-generated overview
This Racine, Wisconsin retail strip center presents a prime leasing opportunity at 2065 Lathrop Avenue, zip code 53405. The property encompasses a total of 7,001 square feet, with 5,656 square feet currently available for lease. Situated on a 0.83-acre lot in Racine County, the center offers ample parking with 40 spaces for customer and employee convenience. The versatile layout is ideal for a variety of retail or commercial uses, allowing businesses to customize the space to meet their specific needs. The efficient floor plan promotes streamlined operations and effective product displays. This property offers a dynamic and adaptable space for businesses seeking to engage their target audience in a high-traffic location. The property is classified as a multi-tenant retail strip center. The location provides excellent visibility and accessibility.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Total area
7,041 SF
Lot
0.83 ac (35,981 SF)
Zoning code
B2
APN
276 000023820000
UPID
US92-0156893
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
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
Kah Vi LLC · 4 yrs held
Kah Vi LLC
since 2022
Last sale
$410,000
2 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
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
$18,321
Tax year 2023
Assessed value
$713,000
Assessed 2023
Previous assessed
$713,000
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$276,000
Assessed improvement
$437,000
Land market value
$305,668
Improvement market value
$483,975
Total market value
$789,643
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
2000
Heating
YES
Cooling
YES
Stories
1
Total area
7,041 SF
Lot
0.83 ac (35,981 SF)
Zoning code
B2
APN
276 000023820000
UPID
US92-0156893
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
2000
Heating
YES
Cooling
Yes
Stories
1
Lot
0.83 ac
Current owner
From public records · entity-resolved
Kah Vi LLC
Entity
Mailing address
2500 LEHIGH AVE, GLENVIEW, IL 60026-8027
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
—
Kah Vi LLC
—
Deed
related
$6,500,000 · First Bankers Trust Co NA
Apr 21, 2022
$410,000
Kah Vi LLC
Ts2 Limited Partnership
Warranty Deed
$3,460,000 · First Bankers Trust Co NA
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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