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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Investment properties
614 6th St Racine, WI 53403-1154
Entity Owned
1-yr Hold
Free & Clear
Property ID
US92-3386615
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1928
Total area
12,360 SF
Lot
0.12 ac (5,358 SF)
Zoning code
B4
APN
276 000000027000
UPID
US92-3386615
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
-
Unraveled Fiber Studio Art Studio
-
Frontlinek9 Boarding and Training LLC Animal Training
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$647k
Blend (final)
Blend
$535k
Owner & transaction history
614 Realty LLC · 1 yrs held
614 Realty LLC
since 2024
7 recorded transactions
Zoning & alternative use
B4 · 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$705,000
Current use
RETAIL STORES
$665,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$43 / 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
$15,432
Tax year 2023
Assessed value
$550,000
Assessed 2023
Previous assessed
$524,000
+5.0% YoY
Effective rate
2.81%
On assessed value
Assessed land
$34,600
Assessed improvement
$515,400
Land market value
$38,319
Improvement market value
$570,802
Total market value
$609,121
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1928
Heating
YES
Stories
3
Units
12
Total area
12,360 SF
Lot
0.12 ac (5,358 SF)
Zoning code
B4
APN
276 000000027000
UPID
US92-3386615
Jurisdiction
RACINE
Zoning & alternative use
B4 · Racine, WI
Zoning B4 · permitted uses
B4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$705,000
RETAIL STORES
Est. value
$665,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1928
Heating
YES
Stories
3
Units
12
Lot
0.12 ac
Current owner
From public records · entity-resolved
614 Realty LLC
Entity
Free & Clear · 1 yrs held
Mailing address
6550 DE CELIS PL APT #6, LAKE BALBOA, CA 91406-5708
Ownership since
2024
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
Mar 14, 2025
—
614 Realty LLC
—
Deed
related
$231,257 · Peoples State Bank
Dec 2, 2024
—
614 Realty LLC
—
Deed
related
$663,750 · Peoples State Bank
Nov 4, 2024
—
614 Realty LLC
Bowles Investors LLC
Warranty Deed
—
Aug 20, 2024
$880,000
614 Realty LLC
Bowles Investors LLC
Warranty Deed
$764,400 · F Street Investments LLC
Mar 19, 2021
—
Bowles Investors LLC
—
Deed
related
$376,000 · Landmark Cu
Sep 21, 2018
$522,000
Boles Investors LLC
Greskoviak,eric G & Michelle K
Warranty Deed
$391,500 · Bank Of The West
Feb 21, 2012
—
Greskoviak R P & C A JR Trust
Sheriff Of Racine County
Trustees Deed
related
—
Feb 2, 2012
$360,000
Eric G Greskoviak
Greskoviak R P JR & C Trust
Grant Deed
related
—
Sep 23, 2011
$360,000
Eric G Greskoviak
Greskoviak R P J & C A Trust
Grant Deed
related
$290,685 · Associated Bank
Jul 22, 2010
$240,000
Robert P Greskoviak
St John's Realty LLC
Deed In Lieu Of Foreclosure
related
$240,000 · M & I Marshall & Ilsley Bank
Aug 14, 2006
—
M & I Marshall & Ilsley Bank
Stjohns Realty LLC
Grant Deed
related
—
Aug 10, 2006
$465,000
Hermes 614 LLC
Stjohns Realty LLC
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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