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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Grocery and convenience stores
2101 Douglas Ave, Racine, WI 53402-4505
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-0828807
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1968
Total area
1,937 SF
Lot
0.75 ac (32,844 SF)
Zoning code
B2
APN
276 000018745000
UPID
US92-0828807
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
-
CITGO Gas Station
-
M& M DOUGLAS PK SV CTR Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
$415k
Comparable Approach
Comparable
$322k
Blend (final)
Blend
$510k
Owner & transaction history
Ashar Real Estate LLC · 3 yrs held
Ashar Real Estate LLC
since 2022
Last sale
$700,000
4 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
$420,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
$450,000
6.5%
$415,000
7%
$385,000
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $700k (Jul 12 2022)
Last sale anchor
$700k
Jul 12 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
$263 / 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
$17,262
Tax year 2023
Assessed value
$645,000
Assessed 2023
Previous assessed
$614,000
+5.0% YoY
Effective rate
2.68%
On assessed value
Assessed land
$165,500
Assessed improvement
$479,500
Land market value
$183,290
Improvement market value
$531,043
Total market value
$714,333
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1968
Heating
YES
Stories
1
Bathrooms
2
Total area
1,937 SF
Lot
0.75 ac (32,844 SF)
Zoning code
B2
APN
276 000018745000
UPID
US92-0828807
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
1968
Heating
YES
Stories
1
Bathrooms
2
Lot
0.75 ac
Current owner
From public records · entity-resolved
Ashar Real Estate LLC
Entity
Mailing address
2101 DOUGLAS AVE, RACINE, WI 53402-4505
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2022
—
Ashar Real Estate LLC
James W Ramseyer
Correction Deed
related
—
Jul 12, 2022
$700,000
Ashar Petroleum LLC
M & M Douglas Park Real Estate LLC
Warranty Deed
$906,000 · Celtic Bank Corporation
Aug 5, 2019
—
M & M Douglas Park Real Estate LLC
—
Deed
related
$35,000 · Tri City National Bank
—
—
M & M Douglas Park R/e LLC
—
Deed Of Trust
related
$75,000 · 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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