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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1810 Park St Madison, WI 53713-1247

    • Commercial land
    • 9,840 SF
    • 1.66 lot acres
    OFF-MARKET
    Last Sale
    Oct 01, 2020
    $1,050,000
    Value Estimations
    $1,140,000
    Show details
    Cap Rate Potential
    8.9%
    Commercial land
    Location Intelligence
    Property ID
    US92-1018885
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • T's House of Hair / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Catholic Charities / Family Counselor
    • Chanell Ardor Schools of Beauty and Culture / Vocational School / Training Center
    • Support Broker Consultants Inc / Social Service Agency / Charitable Organization
    • K Beauty Supply / (Bike/Boat/Book/etc) Store / Cosmetic Store

    Property Details for 1810 Park St

    Year built
    1951
    Lot size
    1.66 lot acres
    Property size
    9,840 SF
    Zone code
    CC-T WP-18
    Property type
    Commercial land
    APN
    0709-263-0501-6
    APU
    70926305016

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,520,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,188,000
      Market price range: $973k - $1.52M
      AI Estimate
      $886,000
      Market price range: $382k - $1.33M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,190,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,890,000
      Change: +59% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,335,000
      Change: +12% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3947
    Latitude
    43.0466
    CBSA code
    31540
    CBSA name
    MADISON, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.16 Acres

      2033 Fish Hatchery Rd

      VACANT COMMERCIAL LAND • 1.16 Acres
      2033 Fish Hatchery Rd, Madison, WI 53713-1238
      View Details
    • Value Estimation
      $2,315,000
      1.94 Acres

      3201 Latham Dr

      VACANT COMMERCIAL LAND • 21,960 SF
      3201 Latham Dr, Madison, WI 53713-4615
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    • Value Estimation by Request
      0.33 Acres

      5326 Hoboken Rd

      VACANT COMMERCIAL LAND • 3,456 SF
      5326 Hoboken Rd, Madison, WI 53713-1680
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    • Value Estimation by Request
      1.28 Acres

      2914 Industrial Dr

      VACANT COMMERCIAL LAND • 1.28 Acres
      2914 Industrial Dr, Madison, WI 53713-4047
      View Details
    • Value Estimation
      $5,365,000
      3.86 Acres

      501 Badger Rd

      VACANT COMMERCIAL LAND • 20,246 SF
      501 Badger Rd, Madison, WI 53713-2120
      View Details
    • Value Estimation by Request
      3.29 Acres

      2201 Beltline Hwy

      VACANT COMMERCIAL LAND • 3.29 Acres
      2201 Beltline Hwy, Madison, WI 53713
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Parcels Available For Development

      Two lots available for development with various build-to-suit options.
      Seminole Hwy And Lacy Rd, Fitchburg, WI 53713
      View Details
    • Contact for pricing
      3.93 Acres

      Fitchburg Residential Land - 3.93 Acres

      Prime Dane County residential land, ideal for development.
      2950 Bowman Cir, Fitchburg, WI 53713
      View Details
    • Contact for pricing
      27,125 SF

      Fitchburg Shopping Center Ground Lease

      Prime Retail Space, High Traffic Area, Vacant
      3034 Fish Hatchery Rd, Madison, WI 53713
      View Details
    • $1,299,000
      5,250 SF

      Versatile Commercial Space on Madison's West

      Modern 5,250 sqft commercial space with high visibility.
      1225 Greenway Cross, Madison, WI 53713
      View Details
    • $5,000,000
      34,000 SF

      Monona Class A Office Building

      Three-story office building in Monona, WI, ready for occupancy.
      6905-6911 Mangrove Ln, Monona, WI 53713
      View Details
    • $1,225,000
      13,900 SF

      Madison Industrial Property

      13,900 SF Flex Space, $1.225M
      814 Post Rd, Madison, WI 53713
      View Details

    Similar Nearby for Lease

    • $125,000

      Land Available For Ground Lease

      Land available for ground lease in high-traffic area.
      3034 Fish Hatchery Rd, Madison, WI 53713
      View Details
    • Contact for pricing
      27,125 SF

      Fitchburg Commercial Land Opportunity

      Prime Fitchburg land, 27,125 sq ft, high traffic.
      3034 Fish Hatchery Rd, Fitchburg, WI 53713
      View Details
    • Contact for pricing
      7,047 SF

      Class A Office Space Available

      Class A office space with high-end finishes and parking.
      2921 Landmark Pl, Madison, WI 53713
      View Details
    • $8 SF/Yr
      9,813 SF

      Madison Flex/Industrial Space Available

      Flex/industrial space available for lease in Madison, Wisconsin.
      151-199 E Badger Rd, Madison, WI 53713
      View Details
    • Contact for pricing
      1,828 SF

      Retail Space in Visible Strip

      Retail space available in a highly visible retail strip.
      2401-2413 W Broadway, Monona, WI 53713
      View Details
    • Contact for pricing
      2,500 SF

      Retail Pad Site Opportunity

      Highly visible retail pad site with drive-thru potential.
      2251 W Broadway, Monona, WI 53713
      View Details
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    1810 Park St
    Madison, WI 53713-1247
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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