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Property profile & analytics
OFF-MARKET
Estimated value
$1,580,000
Office buildings
2802 Coho St Madison, WI 53713-4521
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US92-0410490
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1982
Total area
9,987 SF
Lot
1.16 ac (50,355 SF)
Zoning code
CC
APN
0709-343-0304-4
UPID
US92-0410490
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
-
Xerox Of Mid West Office Equipment Rental Service Copier Repair Service
-
Reflections Mental Health, LLC Medical Clinic
-
Dungarvin Wisconsin, LLC Charitable Organization Social Service Agency
-
Chris Hale,Realtor-Realty Executives Cooper Spransy Real Estate Agency
-
Rebecca Mahan-Strupp Counselor Practitioner Service Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.58M
Owner & transaction history
Adlg Real Estate LLC · 3 yrs held
Adlg Real Estate LLC
since 2023
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
CC · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
TR-R: Traditional Residential - Rustic TR-P: Traditional Residential - Planned Mixed-Use and Commercial Districts LMX: Limited Mixed-Use NMX: Neighborhood Mixed-Use TSS: Traditional Shopping Street MXC: Mixed-Use Center CC-T: Commercial Corridor - Transitional CC: Commercial Center RMX: Regional Mixed-Use THV: Tiny House Village Downtown and Urban Districts…
Zone name
Commercial Center District
General category
MIXED_USE
Zone area
1,295.18 ac
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
$1,685,000
ML approach
$1,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,310,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,915,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.58M
Range $1.42M – $1.74M · ±10% · vs last sale $1.45M (Jan 3 2023)
Last sale anchor
$1.45M
Jan 3 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
$158 / 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
$35,107
Tax year 2022
Assessed value
$1,450,000
Assessed 2023
Previous assessed
$1,776,000
-18.4% YoY
Effective rate
2.42%
On assessed value
Assessed land
$440,000
Assessed improvement
$1,010,000
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1982
Heating
NONE
Stories
2
Total area
9,987 SF
Lot
1.16 ac (50,355 SF)
Zoning code
CC
APN
0709-343-0304-4
UPID
US92-0410490
Jurisdiction
DANE
Zoning & alternative use
CC · Madison, WIZoning CC · permitted uses
CC · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
TR-R: Traditional Residential - Rustic TR-P: Traditional Residential - Planned Mixed-Use and Commercial Districts LMX: Limited Mixed-Use NMX: Neighborhood Mixed-Use TSS: Traditional Shopping Street MXC: Mixed-Use Center CC-T: Commercial Corridor - Transitional CC: Commercial Center RMX: Regional Mixed-Use THV: Tiny House Village Downtown and Urban Districts DC: Downtown Core UOR: Urban Office Residential UMX: Urban Mixed-Use DR1: Downtown
Zone name
Commercial Center District
General category
MIXED_USE
Zone area
1,295.18 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
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
1982
Heating
NONE
Stories
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
Adlg Real Estate LLC
Entity
Mailing address
6900 SANGER AVE, WACO, TX 76710-4259
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
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2026
—
Adlg Real Estate LLC
—
Deed
related
$70,000 · Nicolet National Bank
Jan 3, 2023
$1,450,000
Adlg Real Estate LLC
Vantage IV Madison LLC
Warranty Deed
$1,350,000 · Nicolet National Bank
Feb 4, 2020
—
Vantage IV Madison LLC
—
Deed
related
$993,058 · Mcfarland St Bk
Apr 12, 2011
$232,600
Vantage Point R/e Xii LLC
White Cap Vantage Point LLC
Warranty Deed
—
Mar 24, 2011
$76,500
Vantage Point R/e Xiii LLC
White Cap Vantage Point LLC
Warranty Deed
—
Mar 7, 2011
$232,600
Vantage Point R/e Xi LLC
White Cap Vantage Point LLC
Warranty Deed
—
Jan 6, 2011
$755,900
Vantage Point R/e X LLC
White Cap Vantage Point LLC
Warranty Deed
$3,178,000 · Mcfarland State Bank
Dec 15, 2010
—
Vantage Point R/e Ix LLC
White Cap Vantage Point LLC
Quit Claim Deed
$3,178,000 · Mcfarland State Bank
Dec 7, 2010
$348,900
Vantage Point R/e Viii LLC
White Cap Vantage Point LLC
Warranty Deed
$3,178,000 · Mcfarland State Bank
Nov 3, 2010
$453,333
Vantage Point R/e Vii LLC
White Cap Vantage Point LLC
Warranty Deed
—
Nov 1, 2010
$278,800
Vantage Point R/e Vi LLC
White Cap Vantage Point LLC
Grant Deed
$3,178,000 · Mcfarland State Bank
Oct 20, 2010
$930,400
Vantage Point R/e V LLC
White Cap Vantage Point LLC
Warranty Deed
$3,178,000 · Mcfarland State Bank
Oct 19, 2010
$173,100
Vantage Point R/e III LLC
White Cap Vantage Point LLC
Warranty Deed
—
Oct 19, 2010
$465,200
Vantage Point R/e I LLC
White Cap Vantage Point LLC
Warranty Deed
—
Oct 19, 2010
$186,100
Vantage Point R/e II LLC
White Cap Vantage Point LLC
Warranty Deed
—
Oct 19, 2010
$697,800
Vantage Point R/e IV LLC
White Cap Vantage Point LLC
Warranty Deed
—
Aug 4, 2010
$4,600,800
White Cap Vantage Point LLC
Menomonie Investors LLC
Warranty Deed
$3,178,000 · Mcfarland State Bank
Jul 10, 2007
—
Menomonie Investors LLC
State Of Wiscosin Investment Broa
Warranty Deed
$5,450,000 · Park Bank
—
—
Menomonie Investors LLC
—
Deed Of Trust
related
$1,000,000 · Park Bank
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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