Property profile

2947 University Ave Madison, WI 53705

OFF-MARKET
Manufacturing properties
Property ID
US92-1229535
9,963 SF 1.02 ac lot Built 1928
Entity Owned Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1928
Total area 9,963 SF
Lot 1.02 ac (44,388 SF)
Zoning code CC-T
APN 0709-212-0205-1
UPID US92-1229535

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Bakery

Location

2947 University Ave Madison, WI 53705-3521
Madison metro Census 800 MADISON, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
$810k
Comparable Approach Comparable
$870k
Blend (final) Blend
$840k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

CC-T · Madison, WI
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…

General category MIXED_USE
Top alternative use upside
Commercial (general) $1.0M +43.6%
Medical building $945,000 +30.8%
Apartment house (5+ units) $870,000 +21.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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