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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Apartment buildings
1429 Johnson St Madison, WI 53703-1728
Entity Owned
4-yr Hold
Free & Clear
Property ID
US92-0776157
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1946
Total area
2,896 SF
Lot
0.8 ac (34,848 SF)
Zoning code
TR-V2
APN
0709-124-0203-2
UPID
US92-0776157
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$594k
Blend (final)
Blend
$565k
Owner & transaction history
Realty Investment Co Heldco LLC · 4 yrs held
Realty Investment Co Heldco LLC
since 2022
4 recorded transactions
Zoning & alternative use
TR-V2 · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The TR-V Districts are established to stabilize and protect and encourage throughout the City the essential characteristics of mature residential areas and to accommodate a full range of life cycle housing while encouraging a suitable environment for family life
Zone name
Traditional Residential Varied District 2
General category
RESIDENTIAL
Zone area
211.90 ac
Source
Realmo
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
$550,000
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$545,000
7%
$505,000
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$195 / 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
$41,894
Tax year 2022
Assessed value
$2,397,000
Assessed 2023
Previous assessed
$2,087,000
+14.9% YoY
Effective rate
1.75%
On assessed value
Assessed land
$425,000
Assessed improvement
$1,972,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1946
Heating
NONE
Buildings
5
Stories
2
Units
8
Total area
2,896 SF
Lot
0.8 ac (34,848 SF)
Zoning code
TR-V2
APN
0709-124-0203-2
UPID
US92-0776157
Jurisdiction
DANE
Zoning & alternative use
TR-V2 · Madison, WIZoning TR-V2 · permitted uses
TR-V2 · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The TR-V Districts are established to stabilize and protect and encourage throughout the City the essential characteristics of mature residential areas and to accommodate a full range of life cycle housing while encouraging a suitable environment for family life
Zone name
Traditional Residential Varied District 2
General category
RESIDENTIAL
Zone area
211.90 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1946
Heating
NONE
Stories
2
Buildings
5
Units
8
Lot
0.8 ac
Current owner
From public records · entity-resolved
Realty Investment Co Heldco LLC
Entity
Free & Clear · 4 yrs held
Mailing address
102 W WILSON ST, MADISON, WI 53703-3214
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
Feb 23, 2022
—
Realty Investment Co Heldco LLC
Timothy R Carpenter
Quit Claim Deed
related
—
Dec 17, 2020
—
Timothy R Carpenter
Charles R Carpenter
Quit Claim Deed
related
—
Feb 3, 2014
—
Mooring,cecily Trust
Management Of The Carpenter Fam P
Quit Claim Deed
related
—
Dec 16, 2013
—
Larson Tr Trust
Mooring Jean C Trust
Grant Deed
—
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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