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Property profile & analytics
FOR LEASE
Manufacturing properties
2901 Progress Rd, Madison, WI 53716
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US92-0379494
For Lease
1 / 2
$6 SF/Yr
2901 Progress Rd, Madison, WI 53716
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1994
Total area
30,000 SF
Lot
4.79 ac (208,652 SF)
Zoning code
IG
APN
0710-222-0702-3
UPID
US92-0379494
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
-
RP's Pasta Co Food Processing Plant Factory
-
Taste Republic Food Processing Plant Factory
-
Tribe 9 Foods Food Processing Plant Factory
-
Ona Foods Food Processing Plant Factory
-
Yumbutter Food Processing Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$960k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.08M
Owner & transaction history
Tribe 9 Foods LLC · 6 yrs held
Tribe 9 Foods LLC
since 2019
7 recorded transactions
Zoning & alternative use
IG · 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
by Request
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10%
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
$36 / 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
$61,252
Tax year 2022
Assessed value
$3,535,600
Assessed 2023
Previous assessed
$3,095,400
+14.2% YoY
Effective rate
1.73%
On assessed value
Assessed land
$627,900
Assessed improvement
$2,907,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1994
Heating
NONE
Stories
1
Total area
30,000 SF
Lot
4.79 ac (208,652 SF)
Zoning code
IG
APN
0710-222-0702-3
UPID
US92-0379494
Jurisdiction
DANE
Zoning & alternative use
IG · Madison, WI
Zoning IG · permitted uses
IG · 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
1994
Heating
NONE
Stories
1
Lot
4.79 ac
Current owner
From public records · entity-resolved
Tribe 9 Foods LLC
Entity
Mailing address
2901 PROGRESS RD, MADISON, WI 53716-3341
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2026
—
Tribe 9 Foods LLC
—
Deed
related
$6,560,000 · Pnc Bank NA
Jun 15, 2021
—
Tribe 9 Foods LLC
—
Deed
related
$5,500,000 · Wbd INC
Sep 18, 2020
—
Tribe 9 Foods LLC
—
Deed
related
$11,208,200 · Wisconsin Bk&tr
Nov 5, 2019
$4,452,200
Tribe 9 Foods LLC
2901progress LLC
Special Warranty Deed
$8,912,518 · Wisconsin Bank & Trust
Oct 10, 2017
$2,350,000
2901 Progress LLC
D & K Management Xiv LLC
Warranty Deed
—
Jul 7, 2017
—
D & K Management Xiv LLC
—
Deed
related
$3,000,000 · Oak Bank
Apr 7, 2016
$1,550,000
D & K Management Xiv LLC
Naple Wisconsin Venture LLC
Grant Deed
$636,534 · Llcm Funds 40 Madison LLC
Oct 9, 2006
$4,559,400
Naples Wisconsin Ventures LLC
Hand County Land Holdings LLC
Warranty Deed
$10,000,000 · National Life Insurance
May 15, 2006
$3,872,100
Hand County Land Holdings LLC
Madison Partners
Warranty Deed
$8,600,000 · Cortrust Bank
—
—
Tribe 9 Foods LLC
—
Loan Modification
related
$11,208,200 · Wisconsin Bk&tr
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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