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Property profile & analytics
OFF-MARKET
Estimated value
$6,045,000
Apartment buildings
2028 Fish Hatchery Rd Madison, WI 53713-1272
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-0171546
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Lot
1.39 ac (60,331 SF)
Zoning code
TR-V2
APN
0709-341-1103-3
UPID
US92-0171546
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
$5.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.05M
Owner & transaction history
Hatchery Haven LLC · 2 yrs held
Hatchery Haven LLC
since 2023
Last sale
$5.2M
1 recorded transaction
Zoning & alternative use
TR-V2 · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The TR-V Districts are established to stabilize and protect and encourage throughout the City the essential characteristics of mature residential areas and to accommodate a full range of life cycle housing while encouraging a suitable environment for family life
Zone name
Traditional Residential Varied District 2
General category
RESIDENTIAL
Zone area
211.90 ac
Source
Realmo
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
$6,045,000
ML approach
$5,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.05M
Range $5.44M – $6.65M · ±10% · vs last sale $5.20M (Oct 3 2023)
Last sale anchor
$5.20M
Oct 3 2023
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
—
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
$64,644
Tax year 2022
Assessed value
$3,775,200
Assessed 2023
Previous assessed
$3,195,200
+18.2% YoY
Effective rate
1.71%
On assessed value
Assessed land
$554,000
Assessed improvement
$3,221,200
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1970
Buildings
3
Units
48
Lot
1.39 ac (60,331 SF)
Zoning code
TR-V2
APN
0709-341-1103-3
UPID
US92-0171546
Jurisdiction
DANE
Zoning & alternative use
TR-V2 · Madison, WIZoning TR-V2 · permitted uses
TR-V2 · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The TR-V Districts are established to stabilize and protect and encourage throughout the City the essential characteristics of mature residential areas and to accommodate a full range of life cycle housing while encouraging a suitable environment for family life
Zone name
Traditional Residential Varied District 2
General category
RESIDENTIAL
Zone area
211.90 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Buildings
3
Units
48
Lot
1.39 ac
Current owner
From public records · entity-resolved
Hatchery Haven LLC
Entity
Mailing address
4436 WINDSOR RD, WINDSOR, WI 53598-9600
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2023
$5,200,000
Hatchery Haven LLC
4821 Lovell Lane LLC
Warranty Deed
$3,900,000 · Landmark Cu
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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