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    Property profile & analytics

    937 Williamson St Madison, WI 53703

    • Commercial real estate
    • 2,098 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US92-0768169
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 937 Williamson St

    Property size
    2,098 SF
    Property type
    Commercial real estate
    APN
    070913406075

    Description

    This exceptional two-unit apartment building, located at 937 Williamson Street in Madison, Wisconsin, presents a compelling investment opportunity. The property boasts a total of 2,098 square feet, spread across two stories in a single building. Each of the two units is priced at $324,500, contributing to a total asking price of $575,000. The property features a convenient driveway for parking. Its prime location on Williamson Street places it within easy reach of a vibrant array of restaurants, shops, and bars, as well as the scenic Lake Monona. Utilities are individually metered, although the current owner covers these costs; this arrangement could be modified for future leases. A free washer and dryer are provided in the basement for tenant use. Recent upgrades include a new water heater installed within the last two years. The property currently generates a monthly income of $3,520. While one unit is currently occupied, the second-floor unit will have a new tenant commencing occupancy on March 1st. The Dane County property (APN 070913406075, zip code 53703) is ready for a new owner. Showings will begin on February 22nd, 2024.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3684341
    Latitude
    43.08035289

    Comparable in this City

    • $1,500,000

      Historic Willy Street Commercial Building

      Historic commercial building in vibrant Marquette neighborhood, Madison, WI.
      1053 Williamson St, Madison, WI 53703
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    • $10,500,000
      1.53 Acres

      Prime Redevelopment Opportunity in Madison

      1.534 acre lot approved for apartments and hotel.
      522 E Wilson St, Madison, WI 53703
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    • New
      $634,500
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      Madison Investment Property Near Downtown

      Turnkey rental property near BB Clark Beach and Willy Street.
      411 S Paterson St, Madison, WI 53703
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    • $1,500,000
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      Historic King House, Madison WI

      Mixed-use investment; prime downtown location.
      212 Gorham St, Madison, WI 53703
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    • $365,000
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      Condo Near Capitol Square

      Spacious condo with den, patio, and city views.
      333 W Mifflin St, Madison, WI 53703
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    • $2,200,000
      6,237 SF

      Renovated Single Tenant Office Building

      6,158 SF office building, renovated in 2020, long-term tenant.
      210 S Dickinson St, Madison, WI 53703
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Historic Willy Street Commercial Building

      Historic commercial building in vibrant Marquette neighborhood, Madison, WI.
      1053 Williamson St, Madison, WI 53703
      View Details
    • $10,500,000
      1.53 Acres

      Prime Redevelopment Opportunity in Madison

      1.534 acre lot approved for apartments and hotel.
      522 E Wilson St, Madison, WI 53703
      View Details
    • New
      $634,500
      0.04 Acres

      Madison Investment Property Near Downtown

      Turnkey rental property near BB Clark Beach and Willy Street.
      411 S Paterson St, Madison, WI 53703
      View Details
    • $1,500,000
      5,400 SF

      Historic King House, Madison WI

      Mixed-use investment; prime downtown location.
      212 Gorham St, Madison, WI 53703
      View Details
    • $365,000
      1,034 SF

      Condo Near Capitol Square

      Spacious condo with den, patio, and city views.
      333 W Mifflin St, Madison, WI 53703
      View Details
    • $2,200,000
      6,237 SF

      Renovated Single Tenant Office Building

      6,158 SF office building, renovated in 2020, long-term tenant.
      210 S Dickinson St, Madison, WI 53703
      View Details

    Similar Nearby for Lease

    • $31 SF/Yr
      14,534 SF

      State Street Retail Opportunity

      Madison Mixed-Use, 2,900 SF Available
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    • $17 SF/Yr
      2,929 SF

      Historic Willy Street Office Space

      Renovated office space in historic landmark building for lease.
      744 Williamson St, Madison, WI 53703
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    • Contact for pricing
      6,460 SF

      Office Space with Open Workspace

      Office space featuring conference rooms, kitchen, and open workspace.
      1 S Pinckney St, Madison, WI 53703
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    • $28 SF/Yr
      1,592 SF

      Historic Office Building in Madison

      Landmark office building in the Cap East District for rent.
      301 S Blount St, Madison, WI 53703
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    • $32 SF/Yr
      5,108 SF

      Class A Office Space Available

      Premier office building with lake views in downtown Madison.
      150 E Gilman St, Madison, WI 53703
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    • $18 SF/Yr
      2,401 SF

      Modern Office Space Available

      Contemporary office space with open layout and private offices.
      16 N Livingston St, Madison, WI 53703
      View Details
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    937 Williamson St
    Madison, WI 53703
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    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
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