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Property profile & analytics
OFF-MARKET
Estimated value
$1,580,000
Showrooms
1905 Bartillon Dr, Madison, WI 53704-2610
Entity Owned
1-yr Hold
Free & Clear
Property ID
US92-0276626
Property summary
AI-generated overview
Exceptional investment or owner-occupant opportunity in Madison, Wisconsin. This 17,300-square-foot warehouse, located at 1905 Bartillon Dr, is currently 100% occupied by Bimbo Bakeries under a NNN lease expiring June 30, 2027. The property boasts a strong net operating income (NOI) of $97,680 and is priced at $1,550,000. Built in 1992, this single-story building sits on a 2.8-acre lot and features two loading docks. The property is zoned CC and offers easy access to major highways and the Dane County Regional Airport. The tenant, Bimbo Bakeries, has a credit-rated history and has occupied the space since February 18, 1992. This presents a stable income stream for investors or a prime location for owner-occupancy. There are no lease options available. This is a rare opportunity to acquire a high-quality industrial property in a prime Madison location. The property's strong tenant, favorable lease terms, and strategic location make it an attractive investment.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1992
Total area
17,176 SF
Lot
1.66 ac (72,527 SF)
Zoning code
CC WP-15
APN
0810-283-0403-8
UPID
US92-0276626
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
-
Bimbo Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.58M
Owner & transaction history
Bast Madison LLC · 1 yrs held
Bast Madison LLC
since 2024
Last sale
$1.6M
5 recorded transactions
Zoning & alternative use
CC WP-15 · 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
Method
Estimation
Statistic approach
$1,365,000
ML approach
$1,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.58M
Range $1.42M – $1.74M · ±10% · vs last sale $1.55M (Sep 6 2024)
Last sale anchor
$1.55M
Sep 6 2024
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
$92 / 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
$20,882
Tax year 2022
Assessed value
$1,125,000
Assessed 2023
Previous assessed
$1,058,100
+6.3% YoY
Effective rate
1.86%
On assessed value
Assessed land
$310,000
Assessed improvement
$815,000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1992
Heating
NONE
Stories
1
Total area
17,176 SF
Lot
1.66 ac (72,527 SF)
Zoning code
CC WP-15
APN
0810-283-0403-8
UPID
US92-0276626
Jurisdiction
DANE
Zoning & alternative use
CC WP-15 · Madison, WI
Zoning CC WP-15 · permitted uses
CC WP-15 · 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
1992
Heating
NONE
Stories
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Bast Madison LLC
Entity
Free & Clear · 1 yrs held
Mailing address
110 E WASHINGTON ST, STOUGHTON, WI 53589-1736
Ownership since
2024
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
Dec 6, 2024
$1,550,000
Bast Madison LLC
Kkgs Properties 6 LLC
Warranty Deed
—
Sep 28, 2022
$1,250,000
Kgs Properties 6 LLC
Richard P Nehls
Warranty Deed
$937,500 · Bank Of Sun Prairie
Sep 23, 2019
—
Richard P Nehls
Nehls,richard P & Barbara N
Quit Claim Deed
related
—
May 7, 2008
—
Pamela Beyler
Paddock Judith A
Grant Deed
—
May 7, 2008
$293,000
Herrling Brothers LLC
Paddock,dale M
Warranty 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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