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    Property profile & analytics

    1026 Sherman Ave Madison, WI 53704

    • Turn key restaurants
    • 1,512 SF
    • 0.31 lot acres
    For Sale
    View listing
    $650,000
    Value Estimation
    Last Sale
    Dec 19, 2024
    $450,000
    Location Intelligence
    Property ID
    US92-0054211
    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

    • Cafe la Bellitalia / Italian Restaurant / Caterer

    Property Details for 1026 Sherman Ave

    Year built
    1969
    Lot size
    0.31 lot acres
    Property size
    1,512 SF
    Zone code
    CC-T
    Property type
    Turn key restaurants
    APN
    0709-011-1205-6
    APU
    70901112056

    Description

    This exceptional commercial property at 1026 N Sherman Avenue in Madison, Wisconsin, presents a unique investment opportunity. The 1,512 square foot building sits on a 0.31-acre lot and is currently home to Caf La Bellitalia, a well-established Italian restaurant with an 18-year history in the community. The restaurant is known for its authentic Italian cuisine and experienced chefs, boasting over 35 years of combined culinary expertise from Italy. Its prime location on Sherman Avenue offers easy access to downtown Madison, Maple Bluff, nearby golf courses, and other key amenities, ensuring high visibility and convenient access for patrons. The property's strong reputation and loyal customer base provide a solid foundation for continued success. This presents a rare chance to acquire a turn-key operation with significant growth potential, allowing a new owner to build upon the existing legacy while implementing their own vision and strategies. The asking price for this exceptional property is $650,000. The building's size and location make it suitable for a variety of commercial uses, beyond its current operation as a restaurant. Serious inquiries are encouraged.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $370,000

    • CAP approach

      CAP return
      Estimation
      6%
      $290,000
      6.5%
      $280,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $355,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $250,000
      Retail
      $290,000
      Mixed-Use
      $310,000
      Hospitality
      $255,000
      Educational
      $270,000
      Residential Income
      $280,000
      Energy
      $315,000
      Income-Based Land
      $295,000
      Food Service
      $255,000

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3643
    Latitude
    43.1114
    CBSA code
    31540
    CBSA name
    MADISON, 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
    2022
    $6,175
    $81,500
    $264,700
    $346,200
    -
    $0.00
    $0.00
    $0.00

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    1026 Sherman Ave
    Madison, WI 53704
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    Realmo Value Estimation

    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.

    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.

    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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