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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Retail space
1925 Winnebago St Madison, WI 53704-5314
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US92-0374007
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1930
Total area
5,832 SF
Lot
0.19 ac (8,161 SF)
Zoning code
TSS
APN
0710-072-0515-9
UPID
US92-0374007
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
-
Sanders James R Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
$718k
Blend (final)
Blend
$1.09M
Owner & transaction history
Atwood Music Hall Holdings LLC · 1 yrs held
Atwood Music Hall Holdings LLC
since 2025
Last sale
$756,000
7 recorded transactions
Zoning & alternative use
TSS · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ial - 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: Neighborhood Mixed-Use TSS: Traditional Shopping Street MXC: Mixed-Use Center CC-T: Commercial Corridor - Transitional CC: Commercial Center RMX: Regional Mixed-Us…
Zone name
Traditional Shopping Street District
General category
MIXED_USE
Zone area
163.26 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
$1,140,000
ML approach
$1,130,000
CAP Approach
CAP Return
Estimation
6%
$1,390,000
6.5%
$1,285,000
7%
$1,190,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,660,000
Change: -19% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,645,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10% · vs last sale $756k (Nov 3 2024)
Last sale anchor
$756k
Nov 3 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
$186 / 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
$12,003
Tax year 2022
Assessed value
$700,000
Assessed 2023
Previous assessed
$610,000
+14.8% YoY
Effective rate
1.71%
On assessed value
Assessed land
$70,000
Assessed improvement
$630,000
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
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Year built
1930
Heating
NONE
Stories
1
Total area
5,832 SF
Lot
0.19 ac (8,161 SF)
Zoning code
TSS
APN
0710-072-0515-9
UPID
US92-0374007
Jurisdiction
DANE
Zoning & alternative use
TSS · Madison, WIZoning TSS · permitted uses
TSS · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ial - 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: Neighborhood Mixed-Use TSS: Traditional Shopping Street MXC: Mixed-Use Center CC-T: Commercial Corridor - Transitional CC: Commercial Center RMX: Regional Mixed-Use THV: Tiny House Village Downtown and Urban Districts DC: Downtown Core UOR: Urban
Zone name
Traditional Shopping Street District
General category
MIXED_USE
Zone area
163.26 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Atwood Music Hall Holdings LLC
Entity
Mailing address
902 LAWRENCE ST, MADISON, WI 53715-2039
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2025
$756,000
Atwood Music Hall Holdings LLC
Christensen Co LLC
Warranty Deed
$1,584,000 · Lake Ridge Bank
Oct 6, 2023
$979,400
Christensen Co LLC
Studiowinnebago LLC
Warranty Deed
$783,468 · Lake Ridge Bank
Mar 15, 2021
—
Studiowinnebago LLC
—
Deed
related
$500,000 · Monona State Bank
Jan 6, 2020
$560,000
Studiowinnebago LLC
1925 Winnebago LLC
Warranty Deed
—
Feb 6, 2019
$750,000
1925 Winnebago LLC
Operation Fresh Start INC
Warranty Deed
$700,000 · Old National Bank
Sep 28, 2017
—
Operation Fresh Start INC
—
Deed
related
$452,000 · Monona State Bank
—
—
Operation Fresh Start INC
—
Deed Of Trust
related
$275,000 · M & I Marshall & Isley Bank
—
—
Operation Fresh Start INC
—
Deed Of Trust
related
$64,175 · Forward Community Investments
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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