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Property profile & analytics
FOR LEASE
Community centers
2308 South Green Bay Rd, Racine, WI 53406
Individually Owned
Free & Clear
Property ID
US92-0797340
For Lease
1 / 4
$3,285,000
2308 South Green Bay Rd, Racine, WI 53406
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1987
Total area
164,201 SF
Lot
17 ac (740,520 SF)
Zoning code
B2
APN
276 000023901000
UPID
US92-0797340
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
-
T.J. Maxx Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.29M
Owner & transaction history
State Of Wisconsin
State Of Wisconsin
since 2025
7 recorded transactions
Zoning & alternative use
B2 · 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
$20 / 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
$248,787
Tax year 2023
Assessed value
$9,900,000
Assessed 2023
Previous assessed
$9,900,000
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$4,679,400
Assessed improvement
$5,220,600
Land market value
$5,182,410
Improvement market value
$5,781,787
Total market value
$10,964,197
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1987
Heating
YES
Cooling
YES
Stories
1
Total area
164,201 SF
Lot
17 ac (740,520 SF)
Zoning code
B2
APN
276 000023901000
UPID
US92-0797340
Jurisdiction
RACINE
Zoning & alternative use
B2 · Racine, WI
Zoning B2 · permitted uses
B2 · 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
1987
Heating
YES
Cooling
Yes
Stories
1
Lot
17 ac
Current owner
From public records · entity-resolved
State Of Wisconsin
Individual
Free & Clear · 0 yrs held
Mailing address
770 COCHITUATE RD, FRAMINGHAM, MA 01701-4666
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
—
State Of Wisconsin
Wisconsin Electric Power Company
Quitclaim Deed
related
—
Aug 19, 2025
—
State Of Wisconsin
Wisconsin Bell LLC
Quitclaim Deed
related
—
Aug 13, 2025
—
Department Of Transportation
Bza Regency Point Spe LLC
Warranty Deed
—
Dec 17, 2024
$15,200,000
Bza Regency Point Spe LLC
Bmc Racine LLC
Special Warranty Deed
$10,640,000 · Landmark Cu
Dec 17, 2024
—
Racine Gln LLC
Marc Racine LLC
Deed
related
—
Apr 12, 2024
—
Homegoods LLC
Marc Racine LLC
Lease
—
Jul 27, 2016
—
Marc Racine LLC
—
Deed
related
$9,100,000 · Bmo Harris Bank NA
Mar 3, 2016
$12,500,000
Bmc Racine LLC
R-o Associates Of Racine LP
Warranty Deed
$6,335,000 · Other Institutional Lenders
Oct 31, 2014
—
R-o Associates Of Racine LP
—
Grant Deed
related
$7,300,000 · Town Bk
May 26, 2004
—
R-o Associates Of Racine
—
Deed Of Trust
related
$9,000,000 · Principal Life Insurance Co
—
—
Ric & Mary LLC
—
Deed Of Trust
related
$625,000 · Associated 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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