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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Drive through restaurants
5550 Durand Ave Racine, WI 53406-5038
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US92-3510045
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1999
Total area
3,857 SF
Lot
1.48 ac (64,556 SF)
Zoning code
B2
APN
276 000023876022
UPID
US92-3510045
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
-
Popeyes Louisiana Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$632k
Blend (final)
Blend
$700k
Owner & transaction history
Brodersen Properties Of Wisconsin L · 9 yrs held
Brodersen Properties Of Wisconsin L
since 2017
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$700k
Range $630k – $770k · ±10%
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
$181 / 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
$36,453
Tax year 2023
Assessed value
$1,460,000
Assessed 2023
Previous assessed
$1,405,000
+3.9% YoY
Effective rate
2.50%
On assessed value
Assessed land
$553,800
Assessed improvement
$906,200
Land market value
$613,330
Improvement market value
$1,003,611
Total market value
$1,616,941
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1999
Heating
YES
Cooling
YES
Stories
1
Total area
3,857 SF
Lot
1.48 ac (64,556 SF)
Zoning code
B2
APN
276 000023876022
UPID
US92-3510045
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
1999
Heating
YES
Cooling
Yes
Stories
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Brodersen Properties Of Wisconsin L
Entity
Mailing address
101 W CAPITOL DR, MILWAUKEE, WI 53212-1179
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2021
—
Brodersen Properties Of Wisconsin L
—
Deed
related
$48,950,000 · Pacific Premier Bank
Jun 22, 2021
—
Zubha Pop Foods LLC
—
Deed
related
$58,240,800 · Bank Of America NA
Apr 9, 2020
—
Brodersen Prop Of Wisconsin LLC
—
Deed
related
$30,504,000 · Wells Fargo Bk
Sep 20, 2017
—
Brodersen Prop Of Wisconsin Ll
—
Deed
related
$54,268,866 · Wells Fargo Bk
Apr 7, 2017
—
Brodersen Ents Of Wisconsin INC
—
Grant Deed
related
$75,000,000 · Wells Fargo Bk
Apr 6, 2017
—
Brodersen Properties Of Wisconsin L
Brodersen Acquisitions LLC
Quit Claim Deed
related
$50,017,500 · Wells Fargo Bank NA
Jan 6, 2015
$500,000
Brodersen Acquisitions LLC
White Castle System INC
Grant Deed
—
Feb 16, 2007
$750,000
White Castle System INC
Steak N Shake Operations INC
Warranty Deed
—
—
—
Brodersen Prop Of Wisconsin LLC
—
Loan Modification
related
$30,504,000 · Wells Fargo Bk
—
—
Brodersen Prop Of Wisconsin Ll
—
Loan Modification
related
$54,268,866 · Wells Fargo Bk
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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