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Property profile & analytics
OFF-MARKET
Office buildings
6800 Washington Ave Racine, WI 53406-3951
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-0418393
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Lot
1.71 ac (74,488 SF)
Zoning code
B-3
APN
151 032214049100
UPID
US92-0418393
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
-
The Trophy Shoppe (Bike/Boat/Book/etc) Store
-
Synchronicity Pilates Studio Gym & Fitness Center
-
Leuck Mark J Law Firm
-
Pitts James A Law Firm
-
Kelley Daniel J Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
6800 Washington Avenue II LLC · 15 yrs held
6800 Washington Avenue II LLC
since 2010
7 recorded transactions
Zoning & alternative use
B-3 · Racine, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To accommodate those commercial activities which may be incompatible with the predominantly retail uses permitted in other business districts
Zone name
General Commercial
General category
COMMERCIAL
Zone area
56.52 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$34,891
Tax year 2023
Assessed value
$2,011,000
Assessed 2023
Previous assessed
$1,916,000
+5.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$1,117,300
Assessed improvement
$893,700
Land market value
$1,120,203
Improvement market value
$896,022
Total market value
$2,016,225
Applied tax rate
151.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Buildings
3
Stories
1
Lot
1.71 ac (74,488 SF)
Zoning code
B-3
APN
151 032214049100
UPID
US92-0418393
Jurisdiction
RACINE
Zoning & alternative use
B-3 · Racine, WIZoning B-3 · permitted uses
B-3 · Racine, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To accommodate those commercial activities which may be incompatible with the predominantly retail uses permitted in other business districts
Zone name
General Commercial
General category
COMMERCIAL
Zone area
56.52 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Stories
1
Buildings
3
Lot
1.71 ac
Current owner
From public records · entity-resolved
6800 Washington Avenue II LLC
Entity
Mailing address
8338 CORPORATE DR STE #300, MOUNT PLEASANT, WI 53406-3774
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2020
—
6800 Washington Avenue II LLC
—
Deed
related
$825,000 · Tri City National Bank
May 29, 2020
—
6800 Washington Avenue II LLC
—
Deed
related
$825,000 · Tri City National Bank
Sep 17, 2010
$1,402,500
6800 Washington Avenue II LLC
6800 Washington Avenue LLC
Warranty Deed
$1,209,975 · Norstates Bank
Oct 4, 2004
—
6800 Washington Avenue LLC
—
Deed Of Trust
related
$2,100,000 · Bank Of Waukegan
—
—
6800 Washington Avenue II LLC
—
Deed Of Trust
related
$1,373,111 · Norstates Bk
—
—
6800 Washington Avenue LLC
—
Deed Of Trust
related
$200,000 · Southport Bank
—
—
6800 Washington Avenue LLC
—
Deed Of Trust
related
$2,100,000 · Bank Of Waukegan
—
—
6800 Washington Avenue LLC
—
Deed Of Trust
related
$2,400,000 · Norstates 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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