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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Warehouses
2200 De Koven Ave Racine, WI 53403-2442
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US92-0769777
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1955
Total area
172,872 SF
Lot
6.33 ac (275,691 SF)
Zoning code
I2
APN
276 000016850004
UPID
US92-0769777
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
-
Kranz Inc. Department Store
-
Intercity Supply & Bag LLC Warehouse & Storage
-
Kranz, a Division of Imperial Dade Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.36M
Blend (final)
Blend
$3.00M
Owner & transaction history
Galio Office Ctr Invs LLC · 6 yrs held
Galio Office Ctr Invs LLC
since 2020
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
I2 · 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
$2,920,000
ML approach
$3,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10% · vs last sale $2.85M (Jun 12 2020)
Last sale anchor
$2.85M
Jun 12 2020
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
$17 / 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
$29,837
Tax year 2023
Assessed value
$1,185,000
Assessed 2023
Previous assessed
$1,185,000
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$296,600
Assessed improvement
$888,400
Land market value
$328,482
Improvement market value
$983,898
Total market value
$1,312,380
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1955
Heating
YES
Stories
2
Total area
172,872 SF
Lot
6.33 ac (275,691 SF)
Zoning code
I2
APN
276 000016850004
UPID
US92-0769777
Jurisdiction
RACINE
Zoning & alternative use
I2 · Racine, WI
Zoning I2 · permitted uses
I2 · 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
1955
Heating
YES
Stories
2
Lot
6.33 ac
Current owner
From public records · entity-resolved
Galio Office Ctr Invs LLC
Entity
Mailing address
2700 90TH ST, STURTEVANT, WI 53177-1936
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jun 8, 2022
—
Gallo Office Center Investments LLC
—
Deed
related
$2,075,000 · First Citizens Bank & Trust Co
Jun 12, 2020
$2,850,000
Galio Office Ctr Invs LLC
S & R Real Estate LLC
Warranty Deed
$2,137,500 · Wisconsin Bk&tr
Jun 5, 2017
—
S & R Real Estate LLC
—
Deed
related
—
May 2, 2014
—
S & R Real Estate LLC
—
Grant Deed
related
$236,138 · Johnson Bk
Nov 7, 2005
—
S & R Real Estate LLC
—
Deed Of Trust
related
$3,750,000 · J P Morgan Chase Bank
—
—
S & R Real Estate LLC
—
Deed Of Trust
related
$1,750,000 · Johnson Bank
—
—
S & R Real Estate LLC
—
Loan Modification
related
—
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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