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106 E Doty St, Madison, WI 53703
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Property summary
AI-generated overview
This stunning four-story, 16,581 square foot traditional office building at 106 E Doty St in Madison, Wisconsin, offers a unique blend of historic charm and modern convenience. Built in 1890, this Dane County property boasts a prime downtown location, placing tenants steps from the Capitol Square and surrounded by Madison's vibrant culinary and retail scene. The building features a convenient elevator for easy access to all four floors. One available office space of 450 square feet is currently available for lease. The building is multi-tenant. Enjoy a shared balcony offering breathtaking views of Lake Mendota. Parking options are readily available, with the landlord conveniently located just one block away. This exceptional property provides an unparalleled opportunity to establish a presence in the heart of Madison's thriving business district. The building's rich history and desirable location combine to create an ideal workspace for businesses seeking a prestigious address and convenient access to all that downtown Madison has to offer. Inquire today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1890
Total area
4,276 SF
Lot
0.1 ac (4,255 SF)
Zoning code
DC HIS-L WP-17
APN
0709-242-0301-4
UPID
US92-0253759
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Consultant
-
Real Estate Agency
-
Church Mosque
-
(Bike/Boat/Book/etc) Store Corporate Office
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$910k
Owner & transaction history
since 2018
4 recorded transactions
Zoning & alternative use
DC HIS-L WP-17 · Madison, WI
Top alternative use upside
Retail stores
$1.5M
+51.8%
Auto repair, garage
$1.2M
+21.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$910k
Value range
$819k – $1.00M
±10% around blend
Estimated value / SF
$213 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$819k
blend $910k
$1.00M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,276 SF
Lot area
0.1 ac
Year built
1890
Stories
3
APN
0709-242-0301-4
Zoning
DC HIS-L WP-17
Assessed value
$2,270,000
Annual tax
$48,398
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.19M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.28M
@ 6.5% CAP return
$1.19M
@ 7% CAP return
$1.10M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$48,398
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$910k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 53 sales
$231
-8%
County 53 sales
$231
-8%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $213/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+52%
vs current-use indication
Auto Repair, Garage
Office Building · current use
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.00M
Move the market yield to see immediate price impact.
Value / SF
$935
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$252k
$5.03M
$3.60M
$2.80M
$280k
$5.59M
$4.00M
$3.11M
$308k
$6.15M
$4.40M
$3.42M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$48,398
Tax year 2022
Assessed value
$2,270,000
Assessed 2023
Previous assessed
$2,156,000
+5.3% YoY
Effective rate
2.13%
On assessed value
Assessed land
$235,000
Assessed improvement
$2,035,000
Applied tax rate
3,269.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
For Lease
Year built
1890
Heating
NONE
Buildings
2
Stories
3
Total area
4,276 SF
Lot
0.1 ac (4,255 SF)
Zoning code
DC HIS-L WP-17
APN
0709-242-0301-4
UPID
US92-0253759
Jurisdiction
DANE
Zoning & alternative use
DC HIS-L WP-17 · Madison, WIZoning DC HIS-L WP-17 · permitted uses
DC HIS-L WP-17 · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1890
Heating
NONE
Stories
3
Buildings
2
Lot
0.1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
DC HIS-L WP-17
Jurisdiction
Madison, WI
Recorded code
DC HIS-L WP-17
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DC HIS-L WP-17 in Madison, WI.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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