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Property profile & analytics
OFF-MARKET
Estimated value
$7,265,000
Office buildings
2335 City Vw Dr, Madison, WI 53718-2412
Entity Owned
2-yr Hold
Free & Clear
Property ID
US92-0952151
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1999
Total area
50,400 SF
Lot
5.74 ac (250,034 SF)
Zoning code
SE
APN
0810-271-1501-4
UPID
US92-0952151
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
-
Logistcare Solutions Freight Service Logistics Company
-
2335 City View Drive Business Service Center Corporate Office
-
american family insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.27M
Owner & transaction history
Madison Bh LLC · 2 yrs held
Madison Bh LLC
since 2023
Last sale
$6.7M
3 recorded transactions
Zoning & alternative use
SE · 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
$7,830,000
ML approach
$7,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,650,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,675,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$7.27M
Range $6.54M – $7.99M · ±10% · vs last sale $6.73M (Jul 21 2023)
Last sale anchor
$6.73M
Jul 21 2023
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
$144 / 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
$87,479
Tax year 2022
Assessed value
$4,341,000
Assessed 2023
Previous assessed
$4,341,000
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$922,000
Assessed improvement
$3,419,000
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1999
Heating
NONE
Buildings
2
Stories
2
Total area
50,400 SF
Lot
5.74 ac (250,034 SF)
Zoning code
SE
APN
0810-271-1501-4
UPID
US92-0952151
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
OFFICE BUILDING Current
Est. value
$11.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.7M
OFFICE BUILDING Current
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
1999
Heating
NONE
Stories
2
Buildings
2
Lot
5.74 ac
Current owner
From public records · entity-resolved
Madison Bh LLC
Entity
Free & Clear · 2 yrs held
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2023
$6,733,500
Madison Bh LLC
American Family Mutual Insurance Co
Warranty Deed
—
Aug 25, 2017
$4,134,000
American Family Mutual Ins Co
Old Natl Bk
Warranty Deed
—
Jan 28, 2015
$4,000,000
Anchorbank Fsb
2335 City View Drive LLC
Warranty Deed
—
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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