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Property profile & analytics
OFF-MARKET
Estimated value
$370,000
Apartment buildings
1906 Birge Ter Madison, WI 53726-2369
Entity Owned
1-yr Hold
Property ID
US92-1297329
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1938
Total area
2,400 SF
Lot
0.07 ac (3,233 SF)
Zoning code
TR-U1
APN
0709-222-0206-8
UPID
US92-1297329
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
$455k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$370k
Owner & transaction history
1906 Birge LLC · 1 yrs held
1906 Birge LLC
since 2024
Last sale
$670,500
7 recorded transactions
Zoning & alternative use
TR-U1 · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
-C2: Traditional Residential - Consistent 2 TR-C3: Traditional Residential - Consistent 3 TR-C4: Traditional Residential - Consistent 4 TR-V1: Traditional Residential - Varied 1 TR-V2: Traditional Residential - Varied 2 TR-U1: Traditional Residential - Urban 1 TR-U2: Traditional Residential - Urban 2 TR-R: Traditional Residential - Rustic TR-P: Traditional R…
Zone name
Traditional Residential Urban District 1
General category
RESIDENTIAL
Zone area
380.84 ac
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
$370,000
CAP Approach
CAP Return
Estimation
6%
$490,000
6.5%
$455,000
7%
$420,000
Blend value · Realmo final
$370k
Range $333k – $407k · ±10% · vs last sale $671k (Jul 22 2024)
Last sale anchor
$671k
Jul 22 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
$154 / 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
$11,547
Tax year 2022
Assessed value
$615,000
Assessed 2023
Previous assessed
$587,000
+4.8% YoY
Effective rate
1.88%
On assessed value
Assessed land
$95,000
Assessed improvement
$520,000
Applied tax rate
3,269.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1938
Heating
NONE
Stories
2
Units
5
Rooms
20
Bathrooms
5
Total area
2,400 SF
Lot
0.07 ac (3,233 SF)
Zoning code
TR-U1
APN
0709-222-0206-8
UPID
US92-1297329
Jurisdiction
DANE
Zoning & alternative use
TR-U1 · Madison, WIZoning TR-U1 · permitted uses
TR-U1 · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
-C2: Traditional Residential - Consistent 2 TR-C3: Traditional Residential - Consistent 3 TR-C4: Traditional Residential - Consistent 4 TR-V1: Traditional Residential - Varied 1 TR-V2: Traditional Residential - Varied 2 TR-U1: Traditional Residential - Urban 1 TR-U2: Traditional Residential - Urban 2 TR-R: Traditional Residential - Rustic TR-P: Traditional Residential - Planned Mixed-Use and Commercial Districts LMX: Limited Mixed-Use NMX: N
Zone name
Traditional Residential Urban District 1
General category
RESIDENTIAL
Zone area
380.84 ac
Building & site characteristics
From public records
Year built
1938
Heating
NONE
Stories
2
Units
5
Rooms
20
Bathrooms
5
Lot
0.07 ac
Current owner
From public records · entity-resolved
1906 Birge LLC
Entity
Mailing address
5211 TONYAWATHA TRL, MONONA, WI 53716-2918
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2024
$670,500
1906 Birge LLC
Birge Properties LLC
Warranty Deed
$521,500 · Park Bank
Aug 12, 2024
—
Birge Properties LLC
—
Deed
related
$140,000 · Daniel R Schultz
Feb 5, 2019
—
Birge Properties LLC
—
Deed
related
$300,000 · Daniel R & Patricia B Schultz
Oct 2, 2018
$510,223
Birge Properties LLC
Swofford,david A
Warranty Deed
$310,000 · Oregon Cmnty Bk
—
—
Birge Properties LLC
—
Deed Of Trust
related
$300,000 · Daniel R & Patricia B Schultz
—
—
Birge Properties LLC
—
Deed Of Trust
related
$90,000 · Daniel R Schultz And
—
—
Td Properties
—
Deed Of Trust
related
$165,000 · David A Swofford
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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