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Property profile & analytics
FOR LEASE
Office buildings
106 E Doty St Madison, WI 53703
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-0253759
For Lease
1 / 9
$26.20 SF/Yr
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Swink Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Persuasion Partners Inc Consultant
-
Artisan Graham Real Estate Real Estate Agency
-
Wisconsin Catholic Conference Church Mosque
-
Audentio (Bike/Boat/Book/etc) Store Corporate Office
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
106 E Doty Street LLC · 8 yrs held
106 E Doty Street LLC
since 2018
4 recorded transactions
Zoning & alternative use
DC HIS-L WP-17 · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+51.8%
Auto repair, garage
$1.2M
+21.9%
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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,280,000
6.5%
$1,185,000
7%
$1,100,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$990,000
Current use
RETAIL STORES
$1,500,000
Change: +52% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,205,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$820,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$213 / SF
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 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
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
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, WI
Zoning DC HIS-L WP-17 · permitted uses
DC HIS-L WP-17 · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$990,000
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$820,000
OFFICE BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1890
Heating
NONE
Stories
3
Buildings
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
106 E Doty Street LLC
Entity
Mailing address
121 S PINCKNEY ST STE #40, MADISON, WI 53703-3338
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2018
—
106 E Doty Street LLC
—
Deed
related
$1,738,593 · Bmo Harris Bk NA
Mar 28, 2017
—
106 E Doty Street LLC
—
Deed
related
$1,738,593 · Bmo Harris Bk NA
—
—
106 E Doty Street LLC
—
Loan Modification
related
$1,738,593 · Bmo Harris Bk NA
—
—
106 E Doty Street LLC
—
Loan Modification
related
$1,738,593 · Bmo Harris Bk NA
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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