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Property profile & analytics
FOR SALE
Showrooms
1414 S Park St, Madison, WI 53715
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-1303352
For Sale
1 / 14
$2,640,000
1414 S Park St, Madison, WI 53715
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1961
Total area
4,342 SF
Lot
1.02 ac (44,431 SF)
Zoning code
CC-T
APN
0709-263-0102-2
UPID
US92-1303352
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
-
UnityPoint Health - Meriter - Therapy Central Medical Clinic
-
Laura Lenzen, M.S. Physician
-
Karly Curtin CCC-SLP, M.S. Physician
-
Jennifer Wallskog, DPT,PT Physician
-
Stephanie Erickson-Brown, MSPT,PT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$2.30M
Owner & transaction history
Triple Down LLC · 4 yrs held
Triple Down LLC
since 2022
Last sale
$2.2M
4 recorded transactions
Zoning & alternative use
CC-T · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+19.4%
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
$2,400,000
ML approach
$2,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,525,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$2.30M
Range $2.07M – $2.52M · ±10% · vs last sale $2.20M (Jan 3 2022)
Last sale anchor
$2.20M
Jan 3 2022
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
$529 / 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
$35,873
Tax year 2022
Assessed value
$1,800,000
Assessed 2023
Previous assessed
$1,800,000
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$385,000
Assessed improvement
$1,415,000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
1961
Heating
NONE
Buildings
3
Stories
1
Total area
4,342 SF
Lot
1.02 ac (44,431 SF)
Zoning code
CC-T
APN
0709-263-0102-2
UPID
US92-1303352
Jurisdiction
DANE
Zoning & alternative use
CC-T · Madison, WI
Zoning CC-T · permitted uses
CC-T · 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
RETAIL STORES
Est. value
$1.5M
RETAIL STORES
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
1961
Heating
NONE
Stories
1
Buildings
3
Lot
1.02 ac
Current owner
From public records · entity-resolved
Triple Down LLC
Entity
Mailing address
988 EDDINGTON DR, SUN PRAIRIE, WI 53590-3536
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Jan 3, 2022
$2,200,000
Triple Down LLC
1414 S Park LLC
Warranty Deed
$1,760,000 · Summit Cu
Aug 31, 2020
$1,600,000
1414 S Park LLC
Midwest Real Estate Properties 2 Ll
Warranty Deed
$1,265,000 · Park Bank
—
—
Midwest R & E Properties 2 LLC
—
Deed Of Trust
related
$1,320,000 · Home Savings Bank
—
—
Midwest R/e Props 2 LLC
—
Deed Of Trust
related
$1,002,500 · Dmb Community Bank
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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