New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Investment properties
2639 University Ave Madison, WI 53705-3783
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US92-1125824
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2013
Total area
9,450 SF
Lot
0.35 ac (15,050 SF)
Zoning code
TSS WP-06
APN
0709-211-0321-7
UPID
US92-1125824
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
-
Steinhauer Family Eye Clinic Physician
-
Apoorva Anandan Physician
-
Healing Massage, LLC Alternative Medicine Practice Spa & Massage Center
-
Natural Balance Chiropractic, LLC Alternative Medicine Practice
-
Brian Steinhauer Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.33M
Owner & transaction history
2635 University Avenue LLC Tr · 13 yrs held
2635 University Avenue LLC Tr
since 2012
2 recorded transactions
Zoning & alternative use
TSS WP-06 · 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
$140 / 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
$32,274
Tax year 2022
Assessed value
$1,639,100
Assessed 2023
Previous assessed
$1,633,000
+0.4% YoY
Effective rate
1.97%
On assessed value
Assessed land
$215,000
Assessed improvement
$1,424,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2013
Heating
NONE
Stories
2
Total area
9,450 SF
Lot
0.35 ac (15,050 SF)
Zoning code
TSS WP-06
APN
0709-211-0321-7
UPID
US92-1125824
Jurisdiction
DANE
Zoning & alternative use
TSS WP-06 · Madison, WI
Zoning TSS WP-06 · permitted uses
TSS WP-06 · 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
2013
Heating
NONE
Stories
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
2635 University Avenue LLC Tr
Entity
Mailing address
8905 BLACKHAWK RD, MIDDLETON, WI 53562-4369
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2013
—
2635 University Avenue LLC Tr
—
Trustees Deed
related
$500,000 · State Bank Of Cross Plains
Oct 26, 2012
$557,000
2635 University Avenue LLC Tr
Group Equity Investmenst LLP
Warranty Deed
$420,000 · State Bank Of Cross Plains
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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