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Property profile & analytics
OFF-MARKET
Estimated value
$6,765,000
Hotels
2702 Xrds Dr, Madison, WI 53718-7914
Entity Owned
~
Est. High Equity
Property ID
US92-1157545
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2009
Total area
68,600 SF
Lot
3.15 ac (137,083 SF)
Zoning code
SE
APN
0810-271-0206-1
UPID
US92-1157545
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.50M
Comparable Approach
Comparable
$4.17M
Blend (final)
Blend
$6.77M
Owner & transaction history
Dhanadaya LLC
Dhanadaya LLC
since 2025
Last sale
$8.2M
6 recorded transactions
Zoning & alternative use
SE · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$9.7M
+152.1%
Medical building
$6.5M
+68.6%
Auto repair, garage
$5.6M
+44.5%
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%
$7,040,000
6.5%
$6,495,000
7%
$6,035,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,715,000
Change: +152% · Conversion: Difficult
MEDICAL BUILDING
$6,495,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,570,000
Change: +44% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,255,000
Change: +36% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,965,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,175,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$6.77M
Range $6.09M – $7.44M · ±10% · vs last sale $8.20M (Dec 30 2025)
Last sale anchor
$8.20M
Dec 30 2025
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
$99 / 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
$195,985
Tax year 2022
Assessed value
$11,660,000
Assessed 2023
Previous assessed
$9,720,000
+20.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$1,060,000
Assessed improvement
$10,600,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2009
Heating
NONE
Stories
4
Rooms
130
Total area
68,600 SF
Lot
3.15 ac (137,083 SF)
Zoning code
SE
APN
0810-271-0206-1
UPID
US92-1157545
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
RETAIL STORES
Est. value
$9.7M
MEDICAL BUILDING
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$5.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
INDUSTRIAL (GENERAL)
Est. value
$5.0M
WAREHOUSE, STORAGE
Est. value
$4.2M
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2009
Heating
NONE
Stories
4
Rooms
130
Lot
3.15 ac
Current owner
From public records · entity-resolved
Dhanadaya LLC
Entity
Mailing address
10065 US HWY 98TH W, MIRAMAR BEACH, FL 32550-4924
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
$8,200,000
Dhanadaya LLC
2702 Madison Hotel Partners LLC
Special Warranty Deed
$8,400,000 · Bank Of Wisconsin Dells
Jul 18, 2019
$12,622,500
2702 Madison Hotel Partners LLC
Madison High Crossing Lodging Inves
Special Warranty Deed
$9,900,000 · Wells Fargo Bank
Jul 31, 2008
—
Madison High Crossing Lodging
—
Trustees Deed
related
$13,000,000 · Park Bank
Aug 29, 2005
$1,322,700
Madison High Crossing Lodging
Dane Real Estate LLC
Warranty Deed
—
May 18, 2005
$666,900
Dane Real Est LLC
Park Plaza At High Crossing Ll
Quit Claim Deed
related
—
May 6, 2005
$540,500
Plaza At High Park
High Crossing
Quit Claim Deed
related
—
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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