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Property profile & analytics
OFF-MARKET
Turn key restaurants
3408 Douglas Ave Racine, WI 53402-3752
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-3436426
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Total area
4,613 SF
Lot
0.28 ac (12,023 SF)
Zoning code
B2
APN
276 000021220001
UPID
US92-3436426
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
-
Island Jam Authentic Jamaican Cuisine Restaurant
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
Island Jam LLC · 3 yrs held
Island Jam LLC
since 2022
Last sale
$390,000
7 recorded transactions
Zoning & alternative use
B2 · Racine, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$12,119
Tax year 2023
Assessed value
$306,000
Assessed 2023
Previous assessed
$291,000
+5.2% YoY
Effective rate
3.96%
On assessed value
Assessed land
$48,600
Assessed improvement
$257,400
Land market value
$53,824
Improvement market value
$285,069
Total market value
$338,893
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1960
Heating
FLOOR/WALL FURNACE
Stories
2
Units
1
Total area
4,613 SF
Lot
0.28 ac (12,023 SF)
Zoning code
B2
APN
276 000021220001
UPID
US92-3436426
Jurisdiction
RACINE
Zoning & alternative use
B2 · Racine, WI
Zoning B2 · permitted uses
B2 · 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.
Building & site characteristics
From public records
Year built
1960
Heating
FLOOR/WALL FURNACE
Stories
2
Units
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Island Jam LLC
Entity
Mailing address
8300 N EDGE O WOODS DR, MILWAUKEE, WI 53223-3319
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2023
—
Island Jam LLC
—
Deed
related
$190,000 · Spring Bank
Jul 28, 2022
$390,000
Island Jam LLC
Leticia Benitez
Warranty Deed
$190,000 · F Street Investments LLC
Jul 3, 2013
—
Leticia Benitez
Benitez,tranquilino
Quit Claim Deed
related
—
Oct 18, 2011
—
Leticia Benitez
Benitez,baldomero
Quit Claim Deed
related
—
Apr 11, 2011
—
Tranquilino Benitez
Madrigal,ramon & Bonnie C
Warranty Deed
—
Apr 11, 2011
$169,000
Baldomero Benitez
Benitez,tranquilino
Dual Purpose Document
$169,000 · Tranquilino Benitez
Apr 3, 2006
$225,000
Tranquilino Benitez
Madrigal,ramon & Bonnie C
Grant Deed
—
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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