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Property profile & analytics
OFF-MARKET
Outlet malls
3440 Douglas Ave Racine, WI 53402-3752
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-3409545
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1967
Total area
9,401 SF
Lot
0.67 ac (29,185 SF)
Zoning code
B2
APN
276 000021222001
UPID
US92-3409545
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
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
Max Management LLC · 7 yrs held
Max Management LLC
since 2018
7 recorded transactions
Zoning & alternative use
B2 · 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
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
$13,442
Tax year 2023
Assessed value
$513,000
Assessed 2023
Previous assessed
$513,000
+0.0% YoY
Effective rate
2.62%
On assessed value
Assessed land
$130,800
Assessed improvement
$382,200
Land market value
$144,860
Improvement market value
$423,284
Total market value
$568,144
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1967
Heating
YES
Stories
1
Total area
9,401 SF
Lot
0.67 ac (29,185 SF)
Zoning code
B2
APN
276 000021222001
UPID
US92-3409545
Jurisdiction
RACINE
Zoning & alternative use
B2 · Racine, WIZoning B2 · permitted uses
B2 · 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
1967
Heating
YES
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Max Management LLC
Entity
Mailing address
9758 S RUSTIC PL, OAK CREEK, WI 53154-5670
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2021
—
Jojo Real Estate Investments LLC
—
Deed
related
$1,500,000 · Heartland Bank & Trust Co
Mar 30, 2021
—
Max Management LLC
—
Deed
related
$310,000 · Heartland Bank & Trust Co
Nov 21, 2018
$498,000
Max Management LLC
Faraj A Jaber
Warranty Deed
$375,000 · Tri City National Bank
Oct 17, 2017
—
Faraj A Jaber
Imseitef,fadi R
Grant Deed
related
—
Nov 27, 2013
$350,000
Faraj A Jaber
Fadi R Imseitef
Deed
—
Jun 4, 2007
$450,000
Fadi R Imseitef
Amer,yasser
Warranty Deed
$500,000 · Legacy Bank
Sep 26, 2006
—
Yasser Amer
Lindabauer Gerald R Trust
Grant Deed
related
$430,000 · Legacy Bank
—
—
Fadi R Imseitef
—
Deed Of Trust
related
$675,000 · Legacy 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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