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    Property profile & analytics

    2404 Lathrop Ave Racine, WI 53405-4141

    • Retail space
    • 1,488 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $220,000
    Location Intelligence
    Property ID
    US92-1070884
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Royal Upholstery LLC / Upholstery Shop

    Property Details for 2404 Lathrop Ave

    Year built
    1960
    Lot size
    0.14 lot acres
    Property size
    1,488 SF
    Zone code
    B2
    Property type
    Retail space
    APN
    276 000023429000
    APU
    276000023429000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.8263
    Latitude
    42.7014
    CBSA code
    39540
    CBSA name
    RACINE, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,947
    $55,100
    $95,900
    $151,000
    -
    $61,022
    $106,208
    $167,230

    Comparable in this City

    • Value Estimation
      $220,000
      3,452 SF

      2101 Lathrop Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,452 SF
      2101 Lathrop Ave, Racine, WI 53405-4134
      View Details
    • Value Estimation
      $255,000
      3,150 SF

      3212 Washington Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,150 SF
      3212 Washington Ave, Racine, WI 53405-3037
      View Details
    • Value Estimation
      $60,000
      1,800 SF

      2718 16th St

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      2718 16th St, Racine, WI 53405-3514
      View Details
    • Value Estimation
      $305,000
      4,544 SF

      1921 Lathrop Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,544 SF
      1921 Lathrop Ave, Racine, WI 53405-3706
      View Details
    • Value Estimation by Request
      6,900 SF

      4005 Durand Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,900 SF
      4005 Durand Ave, Racine, WI 53405-4413
      View Details
    • Value Estimation
      $280,000
      4,320 SF

      3306 Washington Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,320 SF
      3306 Washington Ave, Racine, WI 53405-3039
      View Details

    Similar Nearby for Sale

    • $189,900
      0.12 Acres

      West Racine Two-Family Duplex

      Two-story duplex in West Racine with updated units and recent upgrades.
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    • $449,900
      915 SF

      Durand Ave Restaurant - Turnkey Opportunity

      High-traffic location, fully equipped, ready to operate.
      3700 Durand Ave, Racine, WI 53405
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    • $150,000
      0.10 Acres

      Racine Duplex with Income Potential

      Two-story duplex in Racine, Wisconsin, with income potential.
      3219 20Th St, Racine, WI 53405
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    Similar Nearby for Lease

    • $8 SF/Yr
      65,118 SF

      Lathrop Ave Retail Center

      High-traffic retail space available
      2005 Lathrop Ave, Racine, WI 53405
      View Details
    • $14 SF/Yr
      11,485 SF

      Grocery Anchored Retail Space

      Retail space in well-positioned, grocery-anchored shopping center.
      4011 Durand Ave, Racine, WI 53405
      View Details
    • Contact for pricing
      3,400 SF

      Move-In-Ready Class A Office Space

      State-of-the-art office space with furnished offices and abundant parking.
      1244 West Blvd, Racine, WI 53405
      View Details
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    Racine, WI 53405-4141
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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