Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    910 6th St Racine, WI 53403-1126
    Back to Search
    Property profile & analytics

    910 6th St, Racine, WI 53403-1126

    View on Map
    • Investment properties
    • 2,640 SF
    • 0.21 lot acres
    Off-Market
    Last Sale May 29, 2024
    $240,000
    Property ID
    US92-1219542
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Pub on 6th / Nightclub / Bar & Pub
    • Kelly's / Bar & Pub

    Property Details for 910 6th St

    Year built
    1870
    Lot size
    0.21 lot acres
    Property size
    2,640 SF
    Zone code
    I2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    276 000003538000
    APU
    276000003538000

    Description

    This exceptional property presents a unique investment opportunity in the heart of Downtown Racine, Wisconsin. Located at 910 6th Street, directly across from City Hall, this prime location boasts high visibility and foot traffic. The property encompasses a thriving, freshly updated tavern and a spacious, one-bedroom, one-bathroom apartment situated above. The tavern is currently operating and self-managed, making it an ideal acquisition for an owner-operator seeking immediate income generation or for an investor looking for a strong return. The apartment, currently utilized as a successful Airbnb, is move-in ready and features modern appliances, attractive hardwood floors, convenient in-unit laundry facilities, and a generously sized living area. The apartment's private entrance offers the added benefit of a potential owner's suite, providing the convenience of living directly above the business. The building sits on a 0.21-acre lot and offers a total of 2,414 square feet of space. This combined commercial and residential property offers a rare chance to own a profitable business and a desirable apartment in a vibrant, high-demand area of Racine, enjoying excellent city views. The asking price is $335,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Racine
    County
    Racine
    State
    Wisconsin
    Longitude
    -87.7911
    Latitude
    42.7262
    CBSA code
    39540
    CBSA name
    RACINE, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,433
    $18,000
    $174,000
    $192,000
    -
    $19,934
    $192,704
    $212,638

    Comparable in this City

    • Value Estimation
      $535,000
      12,360 SF

      614 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 12,360 SF
      614 6th St, Racine, WI 53403-1154
      View Details
    • Value Estimation by Request
      6,400 SF

      1224 16th St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,400 SF
      1224 16th St, Racine, WI 53403-2210
      View Details
    • Value Estimation by Request
      1,280 SF

      309 4th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,280 SF
      309 4th St, Racine, WI 53403-1061
      View Details
    • Value Estimation by Request
      5,920 SF

      607 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,920 SF
      607 6th St, Racine, WI 53403-1119
      View Details
    • Value Estimation by Request
      5,755 SF

      603 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,755 SF
      603 6th St, Racine, WI 53403-1119
      View Details
    • Value Estimation by Request
      4,220 SF

      312 6th St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,220 SF
      312 6th St, Racine, WI 53403-1216
      View Details

    Similar Nearby for Sale

    • $1,200,000
      43,510 SF

      Racine Redevelopment Gem

      Historic Downtown Racine property, 43,510 sq ft.
      1012 Main St, Racine, WI 53403
      View Details
    • Contact for pricing
      3,249 SF

      Historic Mixed-Use Building in Racine

      Two-story brick building with commercial space and luxury apartment.
      334 Main St, Racine, WI 53403
      View Details
    • $11,000,000
      0.88 Acres

      Downtown Racine Apartment Building

      78-unit complex with modern amenities and parking.
      134 Main St, Racine, WI 53403
      View Details
    • Contact for pricing
      43,000 SF

      Industrial Property: 43,000 SqFt

      Industrial property featuring 43,000 square feet of space.
      2503 Lincolnwood Ct, Racine, WI 53403
      View Details
    • $2,995,000
      182,142 SF

      Racine Industrial & Corporate HQ

      Prime industrial and corporate headquarters opportunity in Racine, Wisconsin.
      1328 Racine St, Racine, WI 53403
      View Details
    • Contact for pricing
      70,000 SF

      Office/Retail Building with Additional Building

      Multi-tenant office/retail building with additional building and parking.
      212 4Th St, Racine, WI 53403
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      45,511 SF

      One Main Centre: Racine Office Space

      Downtown Racine office suites, 1,124-8,444 sq ft.
      1 Main St, Racine, WI 53403
      View Details
    • $18 SF/Yr
      15,953 SF

      Class A Office Building

      Class A office building in downtown Racine with suites available.
      1 Main St, Racine, WI 53403
      View Details
    • Contact for pricing
      3,500 SF

      Commercial Flex Space Available

      3,500 sq ft flex space with climate control.
      316 Sheridan Rd, Racine, WI 53403
      View Details
    • Contact for pricing
      12,000 SF

      Prime Retail Space in Racine

      Versatile commercial space with parking, drive-in door, and basement.
      1610 Washington Ave, Racine, WI 53403
      View Details
    • Contact for pricing

      Harborview Professional Building For Sale

      Historic office building with lake views and negotiable terms.
      601 Lake Ave, Racine, WI 53403
      View Details
    • $2,400 /Mo
      2,000 SF

      Downtown Racine Office/Retail Space

      Prime downtown Racine office or retail space for lease.
      244 Main St, Racine, WI 53403
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    910 6th St
    Racine, WI 53403-1126
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    910 6th St, Racine, WI, 53403
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!