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Property profile & analytics
OFF-MARKET
Commercial real estate
2950 Bowman Cir Fitchburg, WI 53713-3148
Entity Owned
13-yr Hold
Free & Clear
Property ID
US92-1144916
Property summary
AI-generated overview
This exceptional 3.93-acre parcel, located at 2950 Bowman Circle in Fitchburg, Wisconsin (zip code 53713), presents a compelling investment opportunity. The land is zoned for residential and mixed-use development, aligning perfectly with the area's future land use plan. The asking price is $7 per square foot. This location boasts a thriving environment with over 750 apartments either built or approved in the immediate vicinity, indicating strong demand and potential for high returns. The property's strategic position within Dane County, Wisconsin, offers easy access to essential amenities and infrastructure. Note that a portion of the land may be required for parkland dedication, and this area is available for separate purchase. This acquisition presents a unique chance to capitalize on the burgeoning residential growth in Fitchburg. Detailed site plans and zoning information are readily available upon request. Serious inquiries only.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
3.9 ac (169,710 SF)
APN
0609-031-7006-3
UPID
US92-1144916
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bowman Farms INC · 13 yrs held
Bowman Farms INC
since 2012
2 recorded transactions
Zoning & alternative use
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 Fitchburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fitchburg 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$23,090
Tax year 2022
Assessed value
$1,168,800
Assessed 2023
Previous assessed
$1,168,800
+0.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$1,168,800
Total market value
$1,351,700
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
3.9 ac (169,710 SF)
APN
0609-031-7006-3
UPID
US92-1144916
Jurisdiction
DANE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
3.9 ac
Current owner
From public records · entity-resolved
Bowman Farms INC
Entity
Free & Clear · 13 yrs held
Mailing address
2934 FISH HATCHERY RD, FITCHBURG, WI 53713-5015
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2012
—
Bowman Farms INC
Bowman Ents Iinc
Quit Claim Deed
related
—
Sep 7, 2012
$95,000
City Of Fitchburg
Bowman Farms INC
Grant Deed
—
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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