New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Turn key restaurants
301 Johnson St Madison, WI 53703-2218
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US92-1196544
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1911
Total area
3,300 SF
Lot
0.08 ac (3,300 SF)
Zoning code
DC
APN
0709-231-0602-9
UPID
US92-1196544
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
-
Short Stack Eatery Restaurant
-
Danny A Tzakis & Company Financial Advisor
-
The Kieckhefer Group Financial Advisor
-
Speich Jason Financial Advisor
-
Ari Becker Law Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$961k
Blend (final)
Blend
$1.06M
Owner & transaction history
Rl Elmore 2 LLC · 9 yrs held
Rl Elmore 2 LLC
since 2016
5 recorded transactions
Zoning & alternative use
DC · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+50.8%
Retail stores
$1.2M
+5.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,100,000
Current use
COMMERCIAL (GENERAL)
$1,660,000
Change: +51% · Conversion: Easy
RETAIL STORES
$1,160,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$930,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±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
$320 / 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
$34,929
Tax year 2022
Assessed value
$2,460,000
Assessed 2023
Previous assessed
$1,557,000
+58.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$185,000
Assessed improvement
$2,275,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1911
Heating
NONE
Buildings
2
Stories
3
Total area
3,300 SF
Lot
0.08 ac (3,300 SF)
Zoning code
DC
APN
0709-231-0602-9
UPID
US92-1196544
Jurisdiction
DANE
Zoning & alternative use
DC · Madison, WI
Zoning DC · permitted uses
DC · 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
RESTAURANT Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$930,000
RESTAURANT Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1911
Heating
NONE
Stories
3
Buildings
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Rl Elmore 2 LLC
Entity
Mailing address
PO BOX 215, PLOVER, WI 54467-0215
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2019
—
Rl Landon LLC
—
Trustees Deed
related
$2,700,000 · Citizens Bk
Nov 28, 2018
—
Rl Landon LLC
—
Trustees Deed
related
$92,500 · Citizens Bk
Dec 30, 2016
$2,125,000
Rl Elmore 2 LLC
Diane E Loeb
Trustees Deed
related
$1,575,000 · Citizens Bank
Dec 2, 2011
—
Friedman 2002 Trust
301 West Johnson LLC
Quit Claim Deed
related
—
Jun 29, 2006
—
301 West Johnson LLC
2002 Friedman Joint Trust
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 301 Johnson St?
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.
