New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Hotels
1602 Beltline Hwy, Madison, WI 53713-2330
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-1145399
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1988
Total area
13,300 SF
Lot
2.14 ac (93,218 SF)
Zoning code
CC
APN
0709-344-0501-4
UPID
US92-1145399
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
-
Super 8 by Wyndham Madison South Hotel & Motel
-
303 & Me Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.36M
Owner & transaction history
City Of Four Lakes LLC · 7 yrs held
City Of Four Lakes LLC
since 2018
5 recorded transactions
Zoning & alternative use
CC · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+182.0%
Retail stores
$1.9M
+152.1%
Medical building
$1.3M
+68.6%
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%
$1,365,000
6.5%
$1,260,000
7%
$1,170,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,105,000
Change: +182% · Conversion: Difficult
RETAIL STORES
$1,885,000
Change: +152% · Conversion: Difficult
MEDICAL BUILDING
$1,260,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,200,000
Change: +60% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,185,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,020,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±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
$102 / 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
$84,230
Tax year 2022
Assessed value
$4,895,000
Assessed 2023
Previous assessed
$4,895,000
+0.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$605,000
Assessed improvement
$4,290,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1988
Heating
NONE
Stories
3
Rooms
89
Total area
13,300 SF
Lot
2.14 ac (93,218 SF)
Zoning code
CC
APN
0709-344-0501-4
UPID
US92-1145399
Jurisdiction
DANE
Zoning & alternative use
CC · Madison, WI
Zoning CC · permitted uses
CC · 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
AUTO REPAIR, GARAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1988
Heating
NONE
Stories
3
Rooms
89
Lot
2.14 ac
Current owner
From public records · entity-resolved
City Of Four Lakes LLC
Entity
Mailing address
1602 W BELTLINE HWY, MADISON, WI 53713-2330
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2026
—
The City Of Four Lakes LLC
—
Deed
related
$1,000,000 · Lake Ridge Bank
Nov 8, 2018
$5,157,000
City Of Four Lakes LLC
Beltline Hotel Partners LLC
Warranty Deed
$3,850,000 · Monona State Bank
—
—
Beltline Hotel Partners LLC
—
Deed Of Trust
related
$400,000 · Oak Bank
—
—
Beltline Hotel Partners LLC
—
Deed Of Trust
related
$100,000 · Oak Bank
—
—
Beltline Hotel Partners LLC
—
Deed Of Trust
related
$4,000,000 · Monona State 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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