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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Retail space
2425 Memorial Dr, Racine, WI 53403-3207
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-0981307
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Total area
9,474 SF
Lot
3.81 ac (165,920 SF)
Zoning code
I2
APN
276 000016857021
UPID
US92-0981307
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
-
Tower Energy Partners Production Facility
-
ZP Construction LLC Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$677k
Blend (final)
Blend
$630k
Owner & transaction history
Tower Circle Investments LLC · 5 yrs held
Tower Circle Investments LLC
since 2021
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
I2 · Racine, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$540,000
+5.9%
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
$640,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$510,000
Current use
COMMERCIAL (GENERAL)
$540,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $600k (Apr 5 2021)
Last sale anchor
$600k
Apr 5 2021
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
$66 / 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
$13,910
Tax year 2023
Assessed value
$544,000
Assessed 2023
Previous assessed
$544,000
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$95,300
Assessed improvement
$448,700
Land market value
$105,544
Improvement market value
$496,932
Total market value
$602,476
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Heating
YES
Cooling
YES
Stories
1
Total area
9,474 SF
Lot
3.81 ac (165,920 SF)
Zoning code
I2
APN
276 000016857021
UPID
US92-0981307
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$510,000
COMMERCIAL (GENERAL)
Est. value
$540,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
YES
Cooling
Yes
Stories
1
Lot
3.81 ac
Current owner
From public records · entity-resolved
Tower Circle Investments LLC
Entity
Mailing address
701 TOWER CIR, RACINE, WI 53402-2656
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2025
—
Tower Circle Investments LLC
—
Deed
related
$100,000 · Educators Cu
Apr 5, 2021
$600,000
Tower Circle Investments LLC
Tower Energy Investments LLC
Warranty Deed
$480,000 · Educators Cu
Jul 10, 2018
—
Tower Energy Investments LLC
—
Deed
related
$209,000 · Educators Cu
Nov 25, 2014
$440,000
Tower Energy Investments LLC
Cecchini Ents LLC
Grant Deed
—
May 22, 2013
$440,000
Tower Energy Investments LLC
Cecchini Enterprises LLC
Warranty Deed
$249,400 · Jpmorgan Chase Bank NA
Nov 27, 2012
$452,000
Cecchini Ents LLC
United Const Corp Of Racine
Warranty Deed
$345,000 · Tri City National Bank
—
—
United Const Corp Of Racine
—
Deed Of Trust
related
$360,000 · North Shore Bank Fsb
—
—
Tower Energy Investments LLC
—
Deed Of Trust
related
$209,000 · Educators Cu
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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