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Financial
Distress signals
Property profile

212 Hamilton St Racine, WI 53402

FOR SALE
Other warehouses
Property ID
US92-3493407
25,788 SF 1.53 ac lot Built 1947
Last sale Aug 2017 · $250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This former naval base has been converted into a self-storage facility in Racine, Wisconsin, located a few blocks from Lake Michigan. The storage operation includes 90 storage units and additional space configured to support further indoor and outdoor storage expansion. On-site administrative space features a spacious office area along with five additional potential office spaces. Between the office area and an upstairs studio apartment are 2.5 bathrooms. The upstairs studio apartment includes…

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?
$10k
Tax billed · 2023
Assessed value$394k
Assessed land$181k
Assessed improvement$213k
Effective rate2.56%

Value estimate

· Oct 2026
$470k
$423k – $517k
AI approach$470k
Submarket $/SF estimate$544k
NOI build-up
Gross scheduled income$366k
Vacancy & credit loss−$27k
Operating expenses−$101k
NOI · 8.17% cap applied$237k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$38/SF
County average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$19 – $61

Cap rate analysis

How does the asset earn?
8.17%
$237k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I1
JurisdictionRACINE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office14.8
Smoke and Vape Shop10.3
Tailor Shop10.0

Location

212 Hamilton St Racine, WI 53402
County assessor Recorded deeds · 4 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

5 recorded sales · 14 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3064 Douglas, Racine, WI 53402 $425,000 Jun 2025 2,592 SF
1135 Chatham, Racine, WI 53402-4943 $25,000 Feb 2023 5,121 SF
1144 Michigan, Racine, WI 53402 $2,217,500 Feb 2023 7,811 SF
1914 Carter, Racine, WI 53402-4604 $82,000 Jan 2021 1,600 SF
15 4th Mile, Racine, WI 53402-2621 $107,500 Oct 2020 No data
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
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