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Property profile & analytics
OFF-MARKET
Estimated value
$4,940,000
Hotels
2153 Rimrock Rd, Madison, WI 53713-1443
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US92-2680288
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2019
Total area
86,831 SF
Lot
2.73 ac (118,832 SF)
Zoning code
SE
APN
0709-362-0106-4
UPID
US92-2680288
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
-
Home2 Suites by Hilton Madison Central Alliant Energy Center Hotel & Motel
-
ho chunk casino Hotel & Motel Resort
-
ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.20M
Blend (final)
Blend
$4.94M
Owner & transaction history
Madison Rimrock Lodging Investors I · 5 yrs held
Madison Rimrock Lodging Investors I
since 2020
2 recorded transactions
Zoning & alternative use
SE · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.2M
+68.6%
Commercial (general)
$7.8M
+60.4%
Apartment house (5+ units)
$7.7M
+58.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,880,000
Current use
MEDICAL BUILDING
$8,225,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,825,000
Change: +60% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,740,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,650,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$4.94M
Range $4.45M – $5.43M · ±10%
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
$57 / 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
$240,117
Tax year 2022
Assessed value
$14,542,000
Assessed 2023
Previous assessed
$12,122,000
+20.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$2,410,000
Assessed improvement
$12,132,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2019
Heating
NONE
Stories
4
Rooms
143
Total area
86,831 SF
Lot
2.73 ac (118,832 SF)
Zoning code
SE
APN
0709-362-0106-4
UPID
US92-2680288
Jurisdiction
DANE
Zoning & alternative use
SE · Madison, WI
Zoning SE · permitted uses
SE · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$7.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
HOTEL/MOTEL Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
2019
Heating
NONE
Stories
4
Rooms
143
Lot
2.73 ac
Current owner
From public records · entity-resolved
Madison Rimrock Lodging Investors I
Individual
Mailing address
PO BOX 620994, MIDDLETON, WI 53562-0994
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2020
—
Madison Rimrock Lodging Investors I
—
Deed
related
$750,000 · Park Bank
Jun 29, 2018
—
Madison Rimrock Lodging Invtrs
—
Grant Deed
related
$14,400,000 · Park Bk
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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