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Property profile & analytics
OFF-MARKET
Retail space
3059 Oakes S Rd Racine, WI 53406
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-0962433
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
2.08 ac (90,605 SF)
Zoning code
B-3
APN
151 032226161050
UPID
US92-0962433
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michael L Green LLC · 9 yrs held
Michael L Green LLC
since 2017
3 recorded transactions
Zoning & alternative use
B-3 · Racine, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To accommodate those commercial activities which may be incompatible with the predominantly retail uses permitted in other business districts
Zone name
General Commercial
General category
COMMERCIAL
Zone area
56.52 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$42,146
Tax year 2023
Assessed value
$2,410,000
Assessed 2023
Previous assessed
$2,441,000
-1.3% YoY
Effective rate
1.75%
On assessed value
Assessed land
$1,324,200
Assessed improvement
$1,085,800
Land market value
$1,327,640
Improvement market value
$1,088,621
Total market value
$2,416,261
Applied tax rate
151.0000
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
Heating
NONE
Buildings
2
Stories
1
Lot
2.08 ac (90,605 SF)
Zoning code
B-3
APN
151 032226161050
UPID
US92-0962433
Jurisdiction
RACINE
Zoning & alternative use
B-3 · Racine, WIZoning B-3 · permitted uses
B-3 · Racine, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To accommodate those commercial activities which may be incompatible with the predominantly retail uses permitted in other business districts
Zone name
General Commercial
General category
COMMERCIAL
Zone area
56.52 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Stories
1
Buildings
2
Lot
2.08 ac
Current owner
From public records · entity-resolved
Michael L Green LLC
Entity
Mailing address
9800 N COLUMBIA CRK LN, MEQUON, WI 53092-5656
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2017
—
Michael L Green LLC
—
Deed
related
$1,036,878 · Spring Bank
—
—
Michael L Green LLC
—
Deed Of Trust
related
$315,100 · Associated Bank
—
—
Michael L Green LLC
—
Deed Of Trust
related
$160,000 · Associated Bank
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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