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Property profile & analytics
OFF-MARKET
Estimated value
$19,300,000
Medical Office Space
1102 Park St, Madison, WI 53715-1708
Entity Owned
Free & Clear
Property ID
US92-1797609
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2013
Total area
78,416 SF
Lot
2.63 ac (114,693 SF)
Zoning code
PD
APN
0709-262-0813-7
UPID
US92-1797609
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
-
Melissa Gannage, MD Physician
-
Heidi T. Beckman, PhD Physician
-
UW Health Pain Management Clinic Physician
-
UW Health 1102 S Park St Clinic Behavioral Health and Recovery Clinic Medical Clinic
-
UW Health 1102 S Park St Clinic Laboratory Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.30M
Owner & transaction history
Madison 1102 Mp Wrk7 LLC
Madison 1102 Mp Wrk7 LLC
since 2025
Last sale
$20.4M
7 recorded transactions
Zoning & alternative use
PD · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$22.1M
+197.9%
Restaurant
$16.3M
+119.5%
Retail stores
$15.1M
+103.6%
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%
$18,575,000
6.5%
$17,145,000
7%
$15,920,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$22,125,000
Change: +198% · Conversion: Easy
RESTAURANT
$16,305,000
Change: +120% · Conversion: Difficult
RETAIL STORES
$15,120,000
Change: +104% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,425,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$19.30M
Range $17.37M – $21.23M · ±10% · vs last sale $20.38M (Nov 26 2025)
Last sale anchor
$20.38M
Nov 26 2025
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
$246 / 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
$402,564
Tax year 2022
Assessed value
$20,375,000
Assessed 2023
Previous assessed
$20,320,000
+0.3% YoY
Effective rate
1.98%
On assessed value
Assessed land
$1,050,000
Assessed improvement
$19,325,000
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2013
Heating
NONE
Buildings
2
Stories
4
Total area
78,416 SF
Lot
2.63 ac (114,693 SF)
Zoning code
PD
APN
0709-262-0813-7
UPID
US92-1797609
Jurisdiction
DANE
Zoning & alternative use
PD · Madison, WI
Zoning PD · permitted uses
PD · 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
COMMERCIAL (GENERAL)
Est. value
$22.1M
RESTAURANT
Est. value
$16.3M
RETAIL STORES
Est. value
$15.1M
AUTO REPAIR, GARAGE
Est. value
$12.4M
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
2013
Heating
NONE
Stories
4
Buildings
2
Lot
2.63 ac
Current owner
From public records · entity-resolved
Madison 1102 Mp Wrk7 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4500 DORR ST, TOLEDO, OH 43615-4040
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2025
$20,375,000
Madison 1102 Mp Wrk7 LLC
Welltower Om Group LLC
Special Warranty Deed
—
Nov 26, 2025
—
Madison 1102 Mp Wrk7 LLC
Welltower Om Group LLC
Quitclaim Deed
related
—
May 8, 2019
$30,820,000
Welltower Om Group LLC
1102 South Park LLC
Warranty Deed
—
Jan 5, 2017
—
1102 South Park LLC
—
Trustees Deed
related
$700,000 · Bmo Harris Bk NA
Oct 18, 2012
—
1102 South Park LLC
—
Trustees Deed
related
$1,898,000 · Miscellaneous Govt Agcy
Jul 19, 2012
—
1102 South Park LLC
—
Trustees Deed
related
$250,000 · Miscellaneous Govt Agcy
May 15, 2012
$1,302,500
1102 South Park LLC
Wingra Point LLC
Grant Deed
$4,696,485 · Bmo Harris Bk NA
—
—
1102 South Park LLC
—
Deed Of Trust
related
—
—
—
1102 South Park LLC
—
Deed Of Trust
related
$4,000,000 · Bmo Harris Bk NA
—
—
1102 South Park LLC
—
Deed Of Trust
related
$4,696,485 · 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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