Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,830,000
Apartment buildings
2922 Ashford Ln Madison, WI 53713-2950
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US92-1281037
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Total area
11,088 SF
Lot
0.37 ac (16,069 SF)
Zoning code
SR-V1
APN
0709-334-0112-0
UPID
US92-1281037
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
$3.03M
CAP Approach
CAP
$2.09M
Comparable Approach
Comparable
$3.18M
Blend (final)
Blend
$2.83M
Owner & transaction history
Ashford Residence LLC · 4 yrs held
Ashford Residence LLC
since 2022
Last sale
$2.6M
4 recorded transactions
Zoning & alternative use
SR-V1 · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The SR-V Districts are established to stabilize and protect the essential characteristics of residential areas of varying densities and housing types typically located in the outlying parts of the City and to promote and encourage a suitable environment for family life while accommodating a full range of life cycle housing
Zone name
Suburban Residential Varied District 1
General category
RESIDENTIAL
Zone area
512.53 ac
Source
Realmo
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
$2,830,000
ML approach
$3,030,000
CAP Approach
CAP Return
Estimation
6%
$2,265,000
6.5%
$2,090,000
7%
$1,945,000
Blend value · Realmo final
$2.83M
Range $2.55M – $3.11M · ±10% · vs last sale $2.59M (Aug 10 2022)
Last sale anchor
$2.59M
Aug 10 2022
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
$255 / 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
$11,111
Tax year 2022
Assessed value
$800,000
Assessed 2023
Previous assessed
$800,000
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$110,000
Assessed improvement
$690,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1970
Heating
NONE
Stories
2
Units
8
Total area
11,088 SF
Lot
0.37 ac (16,069 SF)
Zoning code
SR-V1
APN
0709-334-0112-0
UPID
US92-1281037
Jurisdiction
DANE
Zoning & alternative use
SR-V1 · Madison, WIZoning SR-V1 · permitted uses
SR-V1 · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The SR-V Districts are established to stabilize and protect the essential characteristics of residential areas of varying densities and housing types typically located in the outlying parts of the City and to promote and encourage a suitable environment for family life while accommodating a full range of life cycle housing
Zone name
Suburban Residential Varied District 1
General category
RESIDENTIAL
Zone area
512.53 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Stories
2
Units
8
Lot
0.37 ac
Current owner
From public records · entity-resolved
Ashford Residence LLC
Entity
Mailing address
PO BOX 457, WINDSOR, WI 53598-0457
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
$2,592,500
Ashford Residence LLC
Thomas D Ripple
Deed
$4,443,750 · Landmark Cu
Aug 30, 2019
$687,000
Ripple Trust
Ripple Trust
Grant Deed
related
—
Jan 7, 2015
—
Ripple Trust
Ripple,thomas D
Quit Claim Deed
related
—
Oct 10, 2014
—
Ripple Trust
Ripple,mary A
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2922 Ashford Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
