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    Property profile & analytics

    3016 Douglas Ave Racine, WI 53402-4102

    • Turn key restaurants
    • 1,906 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimation
    $415,000
    Last Sale
    May 05, 2024
    $375,000
    Location Intelligence
    Property ID
    US92-0148772
    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

    • Subway / Sandwich Shop / Caterer

    Property Details for 3016 Douglas Ave

    Year built
    1974
    Lot size
    0.69 lot acres
    Property size
    1,906 SF
    Zone code
    B2
    Property type
    Turn key restaurants
    APN
    276 000021208000
    APU
    276000021208000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $460,000
      6.5%
      $500,000
      7%
      $440,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $475,000
      Geo Method
      $510,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $545,000
      Retail
      $450,000
      Mixed-Use
      $480,000
      Hospitality
      $470,000
      Educational
      $480,000
      Residential Income
      $470,000
      Energy
      $405,000
      Income-Based Land
      $500,000
      Food Service
      $525,000

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.8004
    Latitude
    42.7559
    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
    $9,177
    $181,600
    $163,400
    $345,000
    -
    $201,121
    $180,964
    $382,085

    Comparable in this City

    • Value Estimation
      $275,000
      4,613 SF

      3408 Douglas Ave

      RESTAURANT • 4,613 SF
      3408 Douglas Ave, Racine, WI 53402-3752
      View Details
    • Value Estimation
      $235,000
      5,582 SF

      3840 Douglas Ave

      RESTAURANT • 5,582 SF
      3840 Douglas Ave, Racine, WI 53402-3229
      View Details
    • Value Estimation by Request
      2,746 SF

      303 Dodge St

      RESTAURANT • 2,746 SF
      303 Dodge St, Racine, WI 53402-5105
      View Details
    • Value Estimation
      $170,000
      1,508 SF

      1824 Douglas Ave

      RESTAURANT • 1,508 SF
      1824 Douglas Ave, Racine, WI 53402-4612
      View Details
    • Value Estimation
      $350,000
      2,215 SF

      3316 Douglas Ave

      RESTAURANT • 2,215 SF
      3316 Douglas Ave, Racine, WI 53402-3750
      View Details
    • Value Estimation
      $205,000
      4,382 SF

      209 Dodge St

      RESTAURANT • 4,382 SF
      209 Dodge St, Racine, WI 53402-4979
      View Details

    Similar Nearby for Sale

    • $349,900
      2,377 SF

      Unique Mixed-Use Property in Racine

      Mixed-use property with retail space and a three-bedroom apartment.
      3401 Douglas Ave, Racine, WI 53402
      View Details
    • Contact for pricing
      86 SF

      Retail Opportunity in Caledonia

      Retail space co-anchored by Pick 'n Save in Caledonia.
      5141 Douglas Ave, Racine, WI 53402
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    • $1,250,000
      2,592 SF

      Racine Auto Shop Redevelopment

      Prime 2-acre Racine auto shop site. High potential.
      3064 Douglas Ave, Racine, WI 53402
      View Details
    • $299,000
      4,547 SF

      Racine Mixed-Use Investment Opportunity

      Versatile property with spa, warehouse, and office spaces for sale.
      1318 N Main St, Racine, WI 53402
      View Details
    • $104,500
      0.34 Acres

      Residential Land in Desirable Subdivision

      Residential land for sale in a well-maintained, desirable subdivision.
      727 Brookview Ct, Racine, WI 53402
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      91,381 SF

      Shorecrest Shopping Center: Racine, WI

      Prime Racine Retail Space Available Now
      3900 Erie St, Racine, WI 53402
      View Details
    • Contact for pricing
      78,011 SF

      Greentree Centre: Retail Space Available

      Racine, WI Strip Center; 1,800 SF Vacant
      5111-5141 Douglas Ave, Racine, WI 53402
      View Details

    Property Visit Statistics

    • Visits by month
      5.7k
    • Visitors by month
      3.6k
    • Avg Time on site
      12 min
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    Racine, WI 53402-4102
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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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