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    2330 Allied Dr Madison, WI 53711
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    Property profile & analytics

    2330 Allied Dr, Madison, WI 53711

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    • Retirement homes
    Off-Market
    Property ID
    US92-2022754
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retirement homes

    Property Details for 2330 Allied Dr

    Property type
    Retirement homes

    Description

    This exceptional investment opportunity presents eight condo units within a single building located at 2330 Allied Dr, Madison, WI 53711. The entire building, comprised of these eight units, is available for purchase at an asking price of $850,000. Alternatively, individual units can be purchased separately, offering flexibility for investors. The property is classified as multifamily and senior living, making it suitable for a diverse range of tenants. The building is owned by a condo association, and condo fees are incorporated into the rental payments. This is a prime location in Madison, Wisconsin, the state's capital, known for its beautiful lakes, extensive trail systems, and vibrant gardens. The property benefits from its proximity to popular destinations such as Wisconsin Dells (54.2 miles), Milwaukee (79.4 miles), and Green Bay (136 miles), enhancing its appeal to both residents and tourists. This presents a unique opportunity to acquire a well-situated multifamily property in a thriving Wisconsin market. The property's strong location and potential for diverse rental income make it an attractive investment prospect. The individual unit sales option provides additional flexibility and potential for phased investment strategies.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.4600609
    Latitude
    43.0274228

    Comparable in this City

    • $1,300,000

      Eight-Unit Condo Building For Sale

      Eight two-bedroom condo units with assigned parking and storage.
      2338 Allied Dr, Madison, WI 53711
      View Details
    • $549,900
      Pending

      Ranch-Style Duplex on Quiet Cul-de-Sac

      Well-maintained duplex with updates, ideal for investment or owner-occupancy.
      17-19 Bluebird Ct, Madison, WI 53711
      View Details
    • $550,000
      4,990 SF

      West Side Four-Unit Investment

      Four-unit property with upside potential on Madison's west side.
      5837 Raymond Rd, Madison, WI 53711
      View Details
    • $720,000
      0.27 Acres

      Side-by-Side Two-Story Duplex

      Updated duplex with a fresh lease on one side and strong combined rental income potential.
      2309/2311 Mckenna Blvd, Madison, WI 53711
      View Details
    • $715,000
      2,808 SF

      Desirable Rental Investment Opportunity

      Duplex with 3 bedrooms, garages in a desirable location.
      2309-2311 Mckenna Blvd, Madison, WI 53711
      View Details
    • $5,990,000
      9.80 Acres

      Fitchburg Redevelopment Opportunity

      9.8-acre parcel with redevelopment potential in Fitchburg, WI.
      3080 County Road Mm, Fitchburg, WI 53711
      View Details

    Similar Nearby for Sale

    • $1,300,000

      Eight-Unit Condo Building For Sale

      Eight two-bedroom condo units with assigned parking and storage.
      2338 Allied Dr, Madison, WI 53711
      View Details
    • $550,000
      4,990 SF

      West Side Four-Unit Investment

      Four-unit property with upside potential on Madison's west side.
      5837 Raymond Rd, Madison, WI 53711
      View Details
    • $720,000
      0.27 Acres

      Side-by-Side Two-Story Duplex

      Updated duplex with a fresh lease on one side and strong combined rental income potential.
      2309/2311 Mckenna Blvd, Madison, WI 53711
      View Details
    • $549,900
      Pending

      Ranch-Style Duplex on Quiet Cul-de-Sac

      Well-maintained duplex with updates, ideal for investment or owner-occupancy.
      17-19 Bluebird Ct, Madison, WI 53711
      View Details
    • $715,000
      2,808 SF

      Desirable Rental Investment Opportunity

      Duplex with 3 bedrooms, garages in a desirable location.
      2309-2311 Mckenna Blvd, Madison, WI 53711
      View Details
    • $5,990,000
      9.80 Acres

      Fitchburg Redevelopment Opportunity

      9.8-acre parcel with redevelopment potential in Fitchburg, WI.
      3080 County Road Mm, Fitchburg, WI 53711
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      49,255 SF

      Science Drive Office Space

      Office space in University Research Park, Madison.
      448 Science Dr, Madison, WI 53711
      View Details
    • $6 SF/Yr
      8,122 SF

      Retail Space in Densely Populated Area

      Retail space available in a Walgreens anchored shopping center.
      5704 Raymond Rd, Madison, WI 53711
      View Details
    • Contact for pricing
      41,000 SF

      GMP Biomanufacturing Facility for Lease

      Turnkey 41,000 SF GMP-compliant biomanufacturing facility in Madison, WI.
      535 Science Dr, Madison, WI 53711
      View Details
    • $15 SF/Yr
      23,616 SF

      Class A Office Space Available

      Modern office space with amenities in a vibrant neighborhood.
      5520 Nobel Dr, Fitchburg, WI 53711
      View Details
    • $16 SF/Yr

      New Retail Space with Patio

      Newly constructed retail or restaurant space with Beltline visibility.
      5626 Schroeder Rd, Madison, WI 53711
      View Details
    • Contact for pricing
      4,038 SF

      New Retail/Office Space Available

      New construction retail or restaurant space with Beltline visibility.
      5630 Schroeder Rd, Madison, WI 53711
      View Details
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    Madison, WI 53711
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    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
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