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Property profile & analytics
OFF-MARKET
Estimated value
$9,850,000
Community centers
4003 Durand Ave Racine, WI 53405-4400
Entity Owned
2-yr Hold
Free & Clear
Property ID
US92-1343705
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1961
Total area
105,550 SF
Lot
13.43 ac (585,011 SF)
APN
276 000023877001
UPID
US92-1343705
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
-
Shiny Nails Nail Salon
-
Express Dry Cleaners (Bike/Boat/Book/etc) Store
-
China House Restaurant
-
Whey Chai Restaurant
-
Vapezone (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.85M
Owner & transaction history
Badger Plaza LLC · 2 yrs held
Badger Plaza LLC
since 2023
Last sale
$9.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.0M
+191.6%
Auto repair, garage
$10.4M
+175.6%
Retail stores
$8.9M
+136.9%
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
Method
Estimation
Statistic approach
$9,850,000
ML approach
$10,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$10,980,000
Change: +192% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,380,000
Change: +176% · Conversion: Difficult
RETAIL STORES
$8,920,000
Change: +137% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,205,000
Change: +91% · Conversion: Easy
Blend value · Realmo final
$9.85M
Range $8.87M – $10.84M · ±10% · vs last sale $9.40M (Sep 27 2023)
Last sale anchor
$9.40M
Sep 27 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$93 / SF
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
$183,271
Tax year 2023
Assessed value
$7,245,000
Assessed 2023
Previous assessed
$7,245,000
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$2,260,100
Assessed improvement
$4,984,900
Land market value
$2,503,048
Improvement market value
$5,520,750
Total market value
$8,023,798
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1961
Heating
YES
Cooling
YES
Stories
1
Total area
105,550 SF
Lot
13.43 ac (585,011 SF)
APN
276 000023877001
UPID
US92-1343705
Jurisdiction
RACINE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$11.0M
AUTO REPAIR, GARAGE
Est. value
$10.4M
RETAIL STORES
Est. value
$8.9M
COMMERCIAL (GENERAL)
Est. value
$7.2M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Heating
YES
Cooling
Yes
Stories
1
Lot
13.43 ac
Current owner
From public records · entity-resolved
Badger Plaza LLC
Entity
Free & Clear · 2 yrs held
Mailing address
5111 UTICA RDG RD, DAVENPORT, IA 52807-3062
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2023
$9,400,000
Badger Plaza LLC
Badger Me LLC
Special Warranty Deed
—
Jul 13, 2021
$8,000,000
Badger Me LLC
Badger Plaza LLC
Special Warranty Deed
$550,000 · Standard Insurance Co
Oct 11, 2019
—
Badger Plaza LLC
—
Deed
related
$5,400,000 · Associated Bk
Jun 17, 2019
—
City Of Racine
Wisconsin Electric Power Co
Quit Claim Deed
related
—
Jul 3, 2018
—
City Of Racine
We Energies-electric
Quit Claim Deed
related
—
May 22, 2018
—
City Of Racine
At & T Wisconsin
Quit Claim Deed
related
—
Nov 23, 2011
—
Badger Plaza LLC
—
Loan Modification
related
$7,054,000 · J P Morgan Chase Bank
Jun 17, 2009
—
Badger Plaza LLC
—
Loan Modification
related
$7,054,000 · J P Morgan Chase Bank
Oct 9, 2006
$7,650,000
Badger Plaza LLC
Kimco Of Racine INC
Grant Deed
$7,054,000 · J P Morgan Chase Bank
—
—
Badger Plaza LLC
—
Deed Of Trust
related
$5,400,000 · Associated Bk
—
—
Badger Plaza LLC
—
Loan Modification
related
$5,400,000 · Associated Bk
—
—
Badger Plaza LLC
—
Deed Of Trust
related
$3,700,000 · 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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