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Property profile & analytics
OFF-MARKET
Estimated value
$4,120,000
Warehouses
2958 Agriculture Dr Madison, WI 53718-6770
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US92-3426648
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Total area
10,000 SF
Lot
3.33 ac (144,881 SF)
Zoning code
SE
APN
0710-221-0101-9
UPID
US92-3426648
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
$4.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.12M
Owner & transaction history
Madison Agriculture Dr LLC · 2 yrs held
Madison Agriculture Dr LLC
since 2023
Last sale
$3.8M
6 recorded transactions
Zoning & alternative use
SE · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.9M
+334.6%
Retail stores
$3.5M
+158.7%
Restaurant
$3.3M
+145.6%
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
$4,390,000
ML approach
$4,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,900,000
Change: +335% · Conversion: Difficult
RETAIL STORES
$3,510,000
Change: +159% · Conversion: Moderate
RESTAURANT
$3,335,000
Change: +146% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,940,000
Change: +117% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,820,000
Change: +108% · Conversion: Easy
Blend value · Realmo final
$4.12M
Range $3.71M – $4.53M · ±10% · vs last sale $3.78M (Dec 21 2023)
Last sale anchor
$3.78M
Dec 21 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
$412 / 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
$59,857
Tax year 2022
Assessed value
$3,266,400
Assessed 2023
Previous assessed
$3,025,000
+8.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$470,000
Assessed improvement
$2,796,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Heating
NONE
Buildings
2
Stories
1
Total area
10,000 SF
Lot
3.33 ac (144,881 SF)
Zoning code
SE
APN
0710-221-0101-9
UPID
US92-3426648
Jurisdiction
DANE
Zoning & alternative use
SE · Madison, WI
Zoning SE · permitted uses
SE · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
RETAIL STORES
Est. value
$3.5M
RESTAURANT
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1989
Heating
NONE
Stories
1
Buildings
2
Lot
3.33 ac
Current owner
From public records · entity-resolved
Madison Agriculture Dr LLC
Entity
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2023
$3,775,000
Madison Agriculture Dr LLC
Hill Country Holdings LLC
Warranty Deed
$2,453,800 · Landmark Cu
Dec 22, 2020
$3,025,000
Hill Country Holdings LLC
Charal Wisconsin Prop LLC
Warranty Deed
$3,064,000 · Woodtrust Bk NA
Jul 20, 2018
—
Charal Wisconsin Prop LLC
—
Deed
related
—
Dec 18, 2008
$2,200,000
Charal Wi Properties LLC
Grk LP Of Wi
Warranty Deed
—
—
—
Charal Wisconsin Properties Ll
—
Deed Of Trust
related
$182,250 · Alerus Financial NA
—
—
Charal Wisconsin Prop LLC
—
Loan Modification
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.
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