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Financial
Distress signals
Property profile

622 3rd Mile Rd Racine, WI 53402

OFF-MARKET
Drive through restaurants
Property ID
US92-0498509
2,725 SF 0.49 ac lot Built 1980
Last sale Jan 2019 · $285,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a freestanding commercial building configured for food service operations, featuring a drive-thru component and commercial kitchen capabilities. It has on-site restaurant infrastructure and is set up to support streamlined vehicle access for quick-service formats, including restaurant or coffee concepts that rely on off-premises ordering.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value$312k
Assessed land$84k
Assessed improvement$228k
Effective rate3.30%

Value estimate

· Oct 2026
$270k
$243k – $297k
AI approach$270k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$170/SF
Submarket average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$68 – $276
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B2
JurisdictionRACINE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.4
Law Firm19.0
Dental Office14.0

Location

622 3rd Mile Rd Racine, WI 53402-3002
County assessor Recorded deeds · 8 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
506 Goold, Racine, WI 53402-4751 $239,900 Sep 2024 2,683 SF
303 Dodge, Racine, WI 53402-5105 $32,500 Feb 2023 2,746 SF
3048 Douglas, Racine, WI 53402-4102 $1,450,000 Jan 2023 3,058 SF
922 Goold, Racine, WI 53402-4555 $125,000 May 2022 2,749 SF
3215 Douglas, Racine, WI 53402-3915 $125,000 Aug 2021 2,523 SF
3115 Douglas, Racine, WI 53402-3913 $98,000 Dec 2020 2,433 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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