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Property profile & analytics
OFF-MARKET
Estimated value
$4,600,000
Medical Office Space
2402 Winnebago St Madison, WI 53704-5341
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US92-3178499
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2016
Total area
102,030 SF
Lot
3.36 ac (146,231 SF)
Zoning code
PD
APN
0710-061-3509-2
UPID
US92-3178499
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
-
UW Health Union Corners Clinic Behavioral Pediatrics Medical Clinic
-
UW Health Union Corners Clinic Internal Medicine Clinic Medical Clinic
-
UW Health Union Corners Clinic Obstetrics and Gynecology Clinic Medical Clinic
-
UW Health Behavioral Pediatrics Clinic Medical Clinic
-
UW Health Union Corners Clinic Laboratory Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.60M
Owner & transaction history
Sixth Street Medical LLC · 10 yrs held
Sixth Street Medical LLC
since 2015
1 recorded transaction
Zoning & alternative use
PD · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$45 / 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
$373,455
Tax year 2022
Assessed value
$18,851,000
Assessed 2023
Previous assessed
$18,851,000
+0.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$2,153,500
Assessed improvement
$16,697,500
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
2016
Heating
NONE
Stories
2
Total area
102,030 SF
Lot
3.36 ac (146,231 SF)
Zoning code
PD
APN
0710-061-3509-2
UPID
US92-3178499
Jurisdiction
DANE
Zoning & alternative use
PD · Madison, WI
Zoning PD · permitted uses
PD · 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
2016
Heating
NONE
Stories
2
Lot
3.36 ac
Current owner
From public records · entity-resolved
Sixth Street Medical LLC
Entity
Mailing address
7974 UW HEALTH CT, MIDDLETON, WI 53562-5531
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2015
$2,153,470
Sixth Street Medical LLC
Gorman & Co INC
Warranty Deed
$2,153,470 · Miscellaneous Govt Agcy
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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