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Property profile & analytics
OFF-MARKET
Estimated value
$240,000
Retail space
2625 Lathrop Ave Racine, WI 53405-4144
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-0966704
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Total area
4,000 SF
Lot
0.47 ac (20,430 SF)
Zoning code
I1
APN
276 000023852003
UPID
US92-0966704
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
-
Sound Specialty Co IT Consulting Firm Tech Support Center
-
Ice and Water Big Box & Wholesale Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$240k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$240k
Owner & transaction history
Robert R Henzl · 2 yrs held
Robert R Henzl
since 2024
Last sale
$400,000
7 recorded transactions
Zoning & alternative use
I1 · Racine, WI
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
by Request
ML approach
$240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$240k
Range $216k – $264k · ±10% · vs last sale $400k (Feb 17 2024)
Last sale anchor
$400k
Feb 17 2024
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
$60 / 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
$5,165
Tax year 2023
Assessed value
$200,000
Assessed 2023
Previous assessed
$200,000
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$54,800
Assessed improvement
$145,200
Land market value
$60,690
Improvement market value
$160,808
Total market value
$221,498
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
1960
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,000 SF
Lot
0.47 ac (20,430 SF)
Zoning code
I1
APN
276 000023852003
UPID
US92-0966704
Jurisdiction
RACINE
Zoning & alternative use
I1 · Racine, WIZoning I1 · permitted uses
I1 · Racine, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Check
Building & site characteristics
From public records
Year built
1960
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Robert R Henzl
Individual
Mailing address
3179 SPRUCE ST, RACINE, WI 53403-3765
Ownership since
2024
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
Apr 16, 2025
—
G Saunders Enterprises LLC
—
Deed
related
$132,334 · Dlp Bank
May 17, 2024
$400,000
Robert R Henzl
Central Saawa Holding Company LLC
Deed
$390,000 · Not Available
Feb 8, 2023
—
Central Saw Holding Company LLC
—
Deed
related
$75,000 · Tri City National Bank
Jan 18, 2023
—
Central Saw Holding Company LLC
Keith E Kudrna
Warranty Deed
—
Jun 20, 2019
$215,000
G Saunders Enterpries LLC
Tencate Land Company LLC
Warranty Deed
$165,000 · Johnson Bank
Oct 5, 2018
$142,500
Keith E Kudrna
Monosa,james J
Warranty Deed
—
Jul 1, 2015
$146,000
Tencate Land Company LLC
Familia Holding Co INC
Warranty Deed
$85,000 · Tri City National Bank
Mar 19, 2012
$140,000
Familia Holding Co INC
Tri Cty Natl Bk
Warranty Deed
$126,000 · Tri City National Bank
Oct 7, 2011
—
Tri Cty Natl Bk
Possing,edward
Quit Claim Deed
related
—
Aug 5, 2005
$179,000
Edward Possing
Lrn Ptshp
Warranty Deed
$161,100 · Bank Of Elmwood
—
—
Edward Possing
—
Deed Of Trust
related
$40,000 · Bank Of Elmwood
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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