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Property profile & analytics
OFF-MARKET
Investment properties
223 6th St Racine, WI 53403-1248
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US92-0044862
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Total area
4,800 SF
Lot
0.04 ac (1,612 SF)
Zoning code
B4
APN
276 000000327000
UPID
US92-0044862
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
Lexa Properties LLC · 11 yrs held
Lexa Properties LLC
since 2014
5 recorded transactions
Zoning & alternative use
B4 · 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
$5,987
Tax year 2023
Assessed value
$133,000
Assessed 2023
Previous assessed
$127,000
+4.7% YoY
Effective rate
4.50%
On assessed value
Assessed land
$12,800
Assessed improvement
$120,200
Land market value
$14,175
Improvement market value
$133,120
Total market value
$147,295
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1890
Heating
YES
Stories
3
Units
4
Total area
4,800 SF
Lot
0.04 ac (1,612 SF)
Zoning code
B4
APN
276 000000327000
UPID
US92-0044862
Jurisdiction
RACINE
Zoning & alternative use
B4 · Racine, WI
Zoning B4 · permitted uses
B4 · 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
1890
Heating
YES
Stories
3
Units
4
Lot
0.04 ac
Current owner
From public records · entity-resolved
Lexa Properties LLC
Entity
Mailing address
607 WISCONSIN AVE, RACINE, WI 53403-1235
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2014
$70,000
Lexa Properties LLC
Waterstone Bk Ssb
Grant Deed
—
Feb 15, 2011
—
Waterstone Bk Ssb
Bayview Property Mgmt LLC
Warranty Deed
—
Jan 19, 2007
—
Bayview Property Mgmt LLC
Chiappetta,frank K
Quit Claim Deed
related
—
Feb 28, 2005
$215,000
Frank Chiappetta
Monson,norman T
Warranty Deed
$180,000 · Wauwatosa Savings Bank
—
—
Frank Chiappetta
—
Deed Of Trust
related
$560,000 · Wauwatosa Savings 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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