Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2153 Rimrock Rd Madison, WI 53713-1443
    Back to Search
    Property profile & analytics

    2153 Rimrock Rd Madison, WI 53713-1443

    View on Map
    • Hotels
    • 86,831 SF
    • 2.73 lot acres
    Off-Market
    Property ID
    US92-2680288
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,940,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 2153 Rimrock Rd

    Year built
    2019
    Lot size
    2.73 lot acres
    Property size
    86,831 SF
    Zone code
    SE
    Property type
    Hotels
    Property subtype
    Motels
    APN
    0709-362-0106-4
    APU
    70936201064

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,202,000
      Market price range: $1.74M - $9.54M

    • 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

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.3757
    Latitude
    43.042
    CBSA code
    31540
    CBSA name
    MADISON, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $240,117
    $2,410,000
    $12,132,000
    $14,542,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,695,000
      45,048 SF

      722 John Nolen Dr

      HOTEL/MOTEL • 45,048 SF
      722 John Nolen Dr, Madison, WI 53713-1422
      View Details
    • Value Estimation by Request
      1,440 SF

      610 John Nolen Dr

      HOTEL/MOTEL • 1,440 SF
      610 John Nolen Dr, Madison, WI 53713-1420
      View Details
    • Value Estimation by Request
      6,185 SF

      901 Applegate Rd

      HOTEL/MOTEL • 6,185 SF
      901 Applegate Rd, Madison, WI 53713
      View Details
    • Value Estimation by Request
      11,552 SF

      2509 Perry St

      HOTEL/MOTEL • 11,552 SF
      2509 Perry St, Madison, WI 53713-2451
      View Details
    • Value Estimation by Request
      3.07 Acres

      102 Rusk Ave, Unit LAND

      HOTEL/MOTEL • 3.07 Acres
      102 Rusk Ave, Madison, WI 53713-2172
      View Details
    • Value Estimation
      $545,000
      4,992 SF

      706 John Nolen Dr

      HOTEL/MOTEL • 4,992 SF
      706 John Nolen Dr, Madison, WI 53713-1422
      View Details

    Similar Nearby for Sale

    • $1,299,000
      5,250 SF

      Versatile Commercial Space on Madison's West

      Modern 5,250 sqft commercial space with high visibility.
      1225 Greenway Cross, Madison, WI 53713
      View Details
    • $5,000,000
      34,000 SF

      Monona Class A Office Building

      Three-story office building in Monona, WI, ready for occupancy.
      6905-6911 Mangrove Ln, Monona, WI 53713
      View Details
    • Contact for pricing
      5,760 SF

      High-Visibility Commercial/Retail Condo Unit

      Commercial/retail condo unit with high traffic exposure and ample parking.
      2727 W Beltline Hwy, Madison, WI 53713
      View Details
    • Contact for pricing
      96,117 SF

      2101 W Broadway, Monona, WI 53713

      Retail properties & Spaces • 96,117 SF
      2101 W Broadway, Monona, WI 53713
      View Details
    • Contact for pricing
      13,900 SF

      Industrial Building in Stewart Street Park

      Industrial building with showroom, docks, and ramp in Madison.
      814 Post Rd, Madison, WI 53713
      View Details
    • $1,595,000
      22,500 SF

      Madison Industrial Property with Showroom

      22,500 SF industrial property with showroom and ample parking.
      2814 Perry St, Madison, WI 53713
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space with Beltline Visibility

      Office space with high visibility and easy access.
      2005 W Beltline Hwy, Madison, WI 53713
      View Details
    • Contact for pricing

      Arboretum Place Retail Space

      Prime retail space in high-traffic retail center.
      2148 W Beltline Hwy, Madison, WI 53713
      View Details
    • Contact for pricing

      Proposed Class A Office Building

      Proposed 6-story Class A office building on West Beltline.
      2600 W Beltline Hwy, Madison, WI 53713
      View Details
    • Contact for pricing

      Office Space with Lake Views

      Office space for rent with lake views and signage opportunity.
      45 Nob Hill Rd, Madison, WI 53713
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land available for ground lease in high-traffic area.
      3034 Fish Hatchery Rd, Fitchburg, WI 53713
      View Details
    • $9 SF/Yr
      4,400 SF

      Finished Office Space Available Now

      2,200 SF finished office space for rent, available now.
      2814 Syene Rd, Madison, WI 53713
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2153 Rimrock Rd
    Madison, WI 53713-1443
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2153 Rimrock Rd, Madison, WI, 53713
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!