Individually Owned 
For Sale
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18 S Wickham Ct, Madison, WI 53711
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Property summary
AI-generated overview
A four-unit apartment building located in west Madison on a 0.47-acre lot. Each unit has 2 bedrooms and 1 bathroom. The units are updated with new kitchen cabinets, solid-surface counters, LVP flooring, stainless-steel appliances, electric fireplaces, bathroom vanities, and in-unit washer/dryers. The building includes four basement storage units and is topped with a metal roof. Surface parking is provided for tenants on the property lot.
Property profile
Verified
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Total area
4,227 SF
Lot
0.56 ac (24,394 SF)
Zoning code
SR-V1
APN
0608-012-2010-8
UPID
US92-0460241
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
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
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
SR-V1 · Madison, WI
Zoning description
The SR-V Districts are established to stabilize and protect the essential characteristics of residential areas of varying densities and housing types typically located in the outlying parts of the City and to promote and…
General category
RESIDENTIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
GBA
4,227 SF
Lot area
0.56 ac
Year built
1984
Stories
2
APN
0608-012-2010-8
Zoning
SR-V1
Assessed value
$781,000
Annual tax
$13,202
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$869k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.1 mi away · 2,988 SF
7.7 mi away · 3,461 SF
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 35 sales
$1,469
-86%
Submarket 189 sales
$590
-65%
County 190 sales
$588
-65%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $206/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.18M
Move the market yield to see immediate price impact.
Value / SF
$278
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$74k
$1.48M
$1.06M
$823k
$82k
$1.65M
$1.18M
$914k
$90k
$1.81M
$1.29M
$1.01M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$650k
0.8 mi · Dec 2025 · $182/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$13,202
Tax year 2022
Assessed value
$781,000
Assessed 2023
Previous assessed
$661,000
+18.2% YoY
Effective rate
1.69%
On assessed value
Assessed land
$88,000
Assessed improvement
$693,000
Applied tax rate
3,269.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1984
Heating
NONE
Stories
2
Units
8
Total area
4,227 SF
Lot
0.56 ac (24,394 SF)
Zoning code
SR-V1
APN
0608-012-2010-8
UPID
US92-0460241
Jurisdiction
DANE
Zoning & alternative use
SR-V1 · Madison, WIZoning SR-V1 · permitted uses
SR-V1 · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The SR-V Districts are established to stabilize and protect the essential characteristics of residential areas of varying densities and housing types typically located in the outlying parts of the City and to promote and…
General category
RESIDENTIAL
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
2
Units
8
Lot
0.56 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
SR-V1
RESIDENTIAL
Jurisdiction
Madison, WI
Recorded code
SR-V1
Official district
SR-V1
Official district profile
What the municipal code says about SR-V1
Zoning description
The SR-V Districts are established to stabilize and protect the essential characteristics of residential areas of varying densities and housing types typically located in the outlying parts of the City and to promote and…
General category
RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SR-V1 in Madison, WI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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