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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
2240 Northwestern Ave, Racine, WI 53404-2519
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US92-0156963
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1966
Total area
1,769 SF
Lot
0.68 ac (29,664 SF)
Zoning code
I2
APN
276 000008422008
UPID
US92-0156963
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 & FOOD MART Gas Station
-
Western Union Bank Credit Union
-
Cash2Bitcoin ATM Atm
-
Regal Home Health Services Home Health Care Service
-
ATM (Citgo Gas & Food Shop) Atm Gas Station
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
Raza LLC · 6 yrs held
Raza LLC
since 2019
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
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
$15,858
Tax year 2023
Assessed value
$630,000
Assessed 2023
Previous assessed
$600,000
+5.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$169,900
Assessed improvement
$460,100
Land market value
$188,163
Improvement market value
$509,558
Total market value
$697,721
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
1966
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
1,769 SF
Lot
0.68 ac (29,664 SF)
Zoning code
I2
APN
276 000008422008
UPID
US92-0156963
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
1966
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
Raza LLC
Entity
Mailing address
2240 NORTHWESTERN AVE, RACINE, WI 53404-2519
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Nov 18, 2021
—
Raza LLC
—
Deed
related
$364,000 · Bmo Harris Bank NA
Aug 23, 2019
—
Raza LLC
—
Deed
related
$300,000 · State Bk/chilton
Aug 21, 2019
—
Raza LLC
—
Deed
related
$188,000 · Private Individual
Jul 30, 2019
$600,000
Raza LLC
Gill,jasbir K
Warranty Deed
$300,000 · State Bk/chilton
—
—
Raza LLC
—
Deed Of Trust
related
$300,000 · State Bk/chilton
—
—
Raza LLC
—
Deed Of Trust
related
$188,000 · Private Individual
—
—
Himmat S Gill
—
Deed Of Trust
related
$425,000 · State Bk/chilton
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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