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    Property profile & analytics

    3915 Douglas Ave Racine, WI 53402-3230

    • Specialty properties
    • 7,813 SF
    • 1.34 lot acres
    OFF-MARKET
    Last Sale
    Jun 09, 2022
    $695,000
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0494533
    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

    • Lighthouse Crematory / Cremation Service
    • Purath-Strand Funeral Home and Crematory / Social Service Agency

    Property Details for 3915 Douglas Ave

    Year built
    1985
    Lot size
    1.34 lot acres
    Property size
    7,813 SF
    Zone code
    B2
    Property type
    Specialty properties
    APN
    276 000021244004
    APU
    276000021244004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $415,000
      ML approach
      $565,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $985,000
      AUTO REPAIR, GARAGE
      $770,000
      COMMERCIAL (GENERAL)
      $545,000
      RETAIL STORES
      $420,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.802
    Latitude
    42.7693
    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
    $19,683
    $160,300
    $586,700
    $747,000
    -
    $177,531
    $649,767
    $827,298

    Comparable in this City

    • Value Estimation by Request
      7,211 SF

      1001 High St

      FUNERAL HOME • 7,211 SF
      1001 High St, Racine, WI 53402-4818
      View Details
    • Value Estimation by Request
      3,360 SF

      2052 Douglas Ave

      DAY CARE, PRE-SCHOOL • 3,360 SF
      2052 Douglas Ave, Racine, WI 53402-4616
      View Details
    • Value Estimation by Request
      7,455 SF

      700 3rd Mile Rd

      DAY CARE, PRE-SCHOOL • 7,455 SF
      700 3rd Mile Rd, Racine, WI 53402-3090
      View Details
    • Value Estimation by Request
      2,915 SF

      800 Goold St

      DAY CARE, PRE-SCHOOL • 2,915 SF
      800 Goold St, Racine, WI 53402-4567
      View Details
    • Value Estimation by Request
      100.00 Acres

      Of 4 Mile Rd

      Land • 100.00 Acres
      0 Of 4 Mile Rd, Racine, WI 53402
      View Details
    • Value Estimation by Request
      1.90 Acres

      1306 4th Mile Rd

      COMMERCIAL (GENERAL) • 1.90 Acres
      1306 4th Mile Rd, Caledonia, WI 53402-2180
      View Details

    Similar Nearby for Sale

    • $265,000
      29.00 Acres

      Racine Vacant Commercial Land

      Commercially zoned land in Caledonia with high traffic visibility.
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      $99,800
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      Racine Commercial Land Opportunity

      Commercial land parcel near Lake Michigan, suitable for various businesses.
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      Spacious Lot in Bluffside Subdivision

      One-acre residential lot with nature views, close to amenities.
      4955 Bluffside Dr, Racine, WI 53402
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    • $125,900
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      Spacious Residential Lot in Caledonia

      1.2 acre lot in new Bluffside subdivision, nature views.
      5660 Park Ridge Dr, Racine, WI 53402
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    Similar Nearby for Lease

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      91,381 SF

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      Prime Racine Retail Space Available Now
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    • 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
    • Contact for pricing

      Racine Neighborhood Shopping Center Space

      Neighborhood shopping center anchored by Piggly Wiggly with ample parking.
      3900 Erie St, Racine, WI 53402
      View Details
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    3915 Douglas Ave
    Racine, WI 53402-3230
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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