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Property profile & analytics
OFF-MARKET
Estimated value
$6,225,000
Grocery and convenience stores
2161 Zeier Rd Madison, WI 53704-7414
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US92-0245453
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1991
Total area
46,283 SF
Lot
4.12 ac (179,293 SF)
Zoning code
CC
APN
0810-272-0615-2
UPID
US92-0245453
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
-
Dumpling House Restaurant
-
Taiwan Street Restaurant
-
Kawasaki Japanese Restaurant Restaurant
-
Saigon Pho Restaurant
-
Sweet Hut Asian Bakery Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.85M
Blend (final)
Blend
$6.23M
Owner & transaction history
Global Market Property LLC · 7 yrs held
Global Market Property LLC
since 2019
7 recorded transactions
Zoning & alternative use
CC · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$6.23M
Range $5.60M – $6.85M · ±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
$134 / 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
$72,027
Tax year 2022
Assessed value
$3,755,000
Assessed 2023
Previous assessed
$3,575,000
+5.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$990,000
Assessed improvement
$2,765,000
Applied tax rate
5,656.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1991
Heating
NONE
Stories
1
Total area
46,283 SF
Lot
4.12 ac (179,293 SF)
Zoning code
CC
APN
0810-272-0615-2
UPID
US92-0245453
Jurisdiction
DANE
Zoning & alternative use
CC · Madison, WI
Zoning CC · permitted uses
CC · 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.
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Stories
1
Lot
4.12 ac
Current owner
From public records · entity-resolved
Global Market Property LLC
Entity
Mailing address
7709 WELTON DR, MADISON, WI 53719-3027
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2021
—
Global Market Property LLC
—
Deed
related
$6,000,000 · Starion Bk
May 20, 2019
$3,250,000
Global Market Property LLC
Kla Dev Portfolio Owner LLC
Warranty Deed
—
Jan 29, 2019
$1,500,000
Kla Dev Portfolio Owner LLC
Tru Trust 2016 LLC
Grant Deed
$65,500 · Loancore Cap Credit Reit LLC
Sep 6, 2018
—
Tru Trust 2016 LLC
Toys R Us Property Co II LLC
Grant Deed
—
Nov 10, 2016
—
Toys R Us Property Company II LLC
—
Deed
related
$256,000,000 · Goldman Sachs Mortgage Co
Dec 3, 2009
—
Toys R Us Property Co II LLC
—
Deed Of Trust
related
$725,000,000 · Bank Of Ny Mellon
—
—
Global Market Property LLC
—
Loan Modification
related
$6,000,000 · Starion 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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