Property profile

122 State St Madison, WI 53703

OFF-MARKET
Community centers
Property ID
US92-0888131
6,852 SF 0.16 ac lot Built 1917
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1917
Total area 6,852 SF
Lot 0.16 ac (6,852 SF)
Zoning code PD
APN 0709-144-2605-6
UPID US92-0888131

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
  • (Bike/Boat/Book/etc) Store
  • Gym & Fitness Center
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Environmental Consultant
  • Charitable Organization Social Service Agency

Location

122 State St Madison, WI 53703-2596
Madison metro Census 1704 MADISON, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.73M
CAP Approach CAP
$1.71M
Comparable Approach Comparable
$1.83M
Blend (final) Blend
$2.73M

Owner & transaction history

since 2022
Last sale
$2.5M
7 recorded transactions
2022
$2.5M
2022
$2.0M
2017
Price N/A
2015
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PD · Madison, WI
Zoning description

Planned Development zoning is site-specific zoning, where specific use and development requirements are written for each individual PD zone. Conventional zoning districts are districts whose rules are wholly within the C…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Commercial (general) $3.4M +161.7%
Retail stores $2.4M +82.9%
Restaurant $2.3M +73.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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