Technical
Financial
Distress signals
Property profile

2429 Smt Ave Racine, WI 53404

OFF-MARKET
Warehouses
Property ID
US92-0863718
18,057 SF 1.33 ac lot Built 1971
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1971
Total area 18,057 SF
Lot 1.33 ac (57,848 SF)
APN 276 000017982000
UPID US92-0863718

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Construction Company General Contractor

Location

2429 Smt Ave Racine, WI 53404-2156
Racine metro Census 1201 RACINE, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$835k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.08M
Blend (final) Blend
$785k

Owner & transaction history

since 2023
Last sale
$750,000
4 recorded transactions
2023
Price N/A
2019
$750,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.1M +61.9%
Retail stores $975,000 +41.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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