This exceptional mixed-use property, located at 212 W Gorham St in Madison, WI, presents a compelling investment opportunity. The historic King House, a four-story building (5,400 square feet) on a 3,168 square foot lot, boasts a blend of commercial and residential space. The first floor comprises commercial space, currently leased until 2029 with extension options. The upper floors feature three residential units: a three-bedroom apartment on the second floor and an eight-bedroom apartment…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?

$28k

Tax billed · 2022

Assessed value · 2023$1.39M

Assessed land$165k

Assessed improvement$1.22M

Effective rate2.01%

Value estimate

· Nov 2026

$1.04M

$936k – $1.14M

CAP approach$1.01M

Submarket $/SF estimate$782k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?

$502/SF

ZIP average, outlier-cleaned · 23 recorded sales of this use type

Observed band · Q1–Q3$330 – $680

Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

Planned Development zoning is site-specific zoning, where specific use and development requirements are written for each individual PD zo...

General categoryPLANNED_DEVELOPMENT

JurisdictionDANE

Location intelligence

Which uses thrive at this corner?

Best fit: HVAC Service

Demand heat for this use is drawn on the map · LocInt grid

Demand index

HVAC Service11.3

Daycare Center10.9

Furniture Store9.9

212 Gorham St Madison, WI 53703-5200

County assessor Recorded deeds · 9 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby

Address Sale price Sold Size

307 State, Madison, WI 53703-2020 $1,540,000 Dec 2025 2,865 SF

827 Johnson, Madison, WI 53703-1939 $570,000 Sep 2024 3,354 SF

639 State, Madison, WI 53703-1049 $6,020,700 May 2023 6,775 SF

109 State, Madison, WI 53703-2522 $2,250,000 Nov 2022 3,391 SF

673 State, Madison, WI 53703-1049 $1,600,000 Mar 2022 4,240 SF

126 State, Madison, WI 53703-2524 $2,500,000 Feb 2022 4,651 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$865,000

4,927 SF

652 State St

OFFICE/RESIDENTIAL (MIXED USE)

652 State St, Madison, WI 53703-1016

View Details
Value Estimation
$940,000

5,127 SF

852 Williamson St

OFFICE/RESIDENTIAL (MIXED USE)

852 Williamson St, Madison, WI 53703-3548

View Details
Value Estimation
$1,020,000

5,348 SF

126 Hamilton St

OFFICE/RESIDENTIAL (MIXED USE)

126 Hamilton St, Madison, WI 53703-3210

View Details
Value Estimation
$1,195,000

5,474 SF

123 Mifflin St

OFFICE/RESIDENTIAL (MIXED USE)

123 Mifflin St, Madison, WI 53703-2807

View Details
Value Estimation
$1,070,000

5,902 SF

1330 Williamson St

OFFICE/RESIDENTIAL (MIXED USE)

1330 Williamson St, Madison, WI 53703-3757

View Details
Value Estimation
$625,000

3,200 SF

949 Washington Ave

OFFICE/RESIDENTIAL (MIXED USE)

949 Washington Ave, Madison, WI 53703-2937

View Details

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Contact for pricing

Commercial Property Available For Sale

Commercial property available for sale.

106 King St, Madison, WI 53703

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Similar in This City for Lease

New

Contact for pricing
4,038 sqft

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New retail and office space features glass on three sides and direct connections to outdoor patios.

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New

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212 Gorham St Madison, WI 53703

Property summary