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Property profile & analytics
OFF-MARKET
Day care centers
1650 Norman Way Madison, WI 53705-1239
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-0955569
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1942
Total area
3,514 SF
Lot
1.2 ac (52,185 SF)
Zoning code
SR-V1
APN
0709-182-2324-2
UPID
US92-0955569
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
-
Bee Balm Learning Center Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Barrales Properties LLC · 4 yrs held
Barrales Properties LLC
since 2021
7 recorded transactions
Zoning & alternative use
SR-V1 · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,063
Tax year 2022
Assessed value
$784,000
Assessed 2023
Previous assessed
$714,000
+9.8% YoY
Effective rate
1.79%
On assessed value
Assessed land
$242,000
Assessed improvement
$542,000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1942
Heating
NONE
Stories
1
Rooms
13
Bathrooms
3
Total area
3,514 SF
Lot
1.2 ac (52,185 SF)
Zoning code
SR-V1
APN
0709-182-2324-2
UPID
US92-0955569
Jurisdiction
DANE
Zoning & alternative use
SR-V1 · Madison, WI
Zoning SR-V1 · permitted uses
SR-V1 · 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.
Building & site characteristics
From public records
Year built
1942
Heating
NONE
Stories
1
Rooms
13
Bathrooms
3
Lot
1.2 ac
Current owner
From public records · entity-resolved
Barrales Properties LLC
Entity
Mailing address
1650 NORMAN WAY, MADISON, WI 53705-1239
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2021
—
Barrales Properties LLC
1650 Norman Way LLC
Warranty Deed
$375,000 · Oak Bank
Jan 29, 2018
$450,000
Barrales Properties LLC
1650 Norman Way LLC
Grant Deed
$450,000 · 1650 Norman Way LLC
Jul 7, 2014
$225,000
Bee Balm Learning Center LLC
Darlene M Meiners Osborn
Foreclosure
related
$400,000 · The Park Bank
Feb 4, 2013
$5,000
Viking House LLC
Meiners-osborn D M Living
Warranty Deed
—
Jun 12, 2008
—
Meiners-osborn D M Living
Meiners-osborn,darlene M
Quit Claim Deed
related
—
Feb 13, 2008
—
Darlene Osborn
Osborn,douglas
Quit Claim Deed
related
—
—
—
Douglas Osborn
—
Deed Of Trust
related
$525,000 · Park Bank
—
—
Darlene M Osborn
—
Deed Of Trust
related
$150,000 · Starion Financial
—
—
Douglas Osborn
—
Deed Of Trust
related
$15,000 · Park Bank
—
—
Douglas Osborn
—
Deed Of Trust
related
$35,000 · Park Bank
—
—
Meiners-osborn,darlene M Trust
—
Deed Of Trust
related
$22,862 · Wegner Cpa's LLP
—
—
Douglas Osborn
—
Deed Of Trust
related
$90,000 · Park Bank
—
—
Douglas Osborn
—
Deed Of Trust
related
$150,000 · Starion Financial
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.
Try Rey
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