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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Manufacturing properties
2137 Roosevelt Ave Racine, WI 53406-5032
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-0548396
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Lot
3.66 ac (159,517 SF)
Zoning code
I2
APN
276 000023876003
UPID
US92-0548396
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
-
Nelson Brothers & Strom Co Industrial Manufacturer Factory
-
Window Well Supply Building Supply Industrial Manufacturer
-
CM Routing LLC Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Acee Holdings LLC · 2 yrs held
Acee Holdings LLC
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
I2 · Racine, WI
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
$1,450,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.45M (Jan 3 2024)
Last sale anchor
$1.45M
Jan 3 2024
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
—
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
$25,227
Tax year 2023
Assessed value
$997,900
Assessed 2023
Previous assessed
$955,700
+4.4% YoY
Effective rate
2.53%
On assessed value
Assessed land
$190,700
Assessed improvement
$807,200
Land market value
$211,199
Improvement market value
$893,969
Total market value
$1,105,168
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Heating
NONE
Lot
3.66 ac (159,517 SF)
Zoning code
I2
APN
276 000023876003
UPID
US92-0548396
Jurisdiction
RACINE
Zoning & alternative use
I2 · Racine, WIZoning I2 · permitted uses
I2 · Racine, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Check
Building & site characteristics
From public records
Heating
NONE
Lot
3.66 ac
Current owner
From public records · entity-resolved
Acee Holdings LLC
Entity
Mailing address
2137 ROOSEVELT AVE, RACINE, WI 53406-5032
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2024
—
Acee Holdings LLC
—
Deed
related
$784,000 · Wbd INC
Jan 3, 2024
$1,450,000
Acee Holdings LLC
Djmk Holdings LLC
Warranty Deed
$956,000 · Jpmorgan Chase Bank NA
Jun 15, 2012
$900,000
Djmk Holdings LLC
Roosevelt Avenue Properties LP
Warranty Deed
related
$1,170,000 · Bmo Harris Bank
Jan 26, 2005
—
Roosevelt Avenue Properties
—
Trustees Deed
related
$550,000 · Johnson Bank
Dec 17, 2004
$730,000
Roosevelt Avenue Properties
Madson,margaret P
Warranty Deed
—
Dec 17, 2004
$50,000
Roosevelt Avenue Properties
Madson James L Trust
Grant Deed
—
—
—
Djmk Holdings LLC
—
Deed Of Trust
related
$650,000 · Bmo Harris 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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