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Property profile & analytics
OFF-MARKET
Estimated value
$9,090,000
Warehouses
3017 Dairy Dr Madison, WI 53718
Entity Owned
4-yr Hold
Free & Clear
Property ID
US92-0284068
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2012
Total area
36,295 SF
Lot
1.79 ac (78,147 SF)
Zoning code
SE
APN
0710-224-0310-0
UPID
US92-0284068
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
-
FreeUP Storeage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.09M
Owner & transaction history
Freeup Storage Madison LLC · 4 yrs held
Freeup Storage Madison LLC
since 2021
Last sale
$10.1M
4 recorded transactions
Zoning & alternative use
SE · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$12.7M
+158.7%
Restaurant
$12.1M
+145.6%
Commercial (general)
$10.7M
+116.6%
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
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
RETAIL STORES
$12,740,000
Change: +159% · Conversion: Moderate
RESTAURANT
$12,095,000
Change: +146% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,670,000
Change: +117% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,230,000
Change: +108% · Conversion: Easy
OFFICE BUILDING
$8,390,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,965,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$9.09M
Range $8.18M – $10.00M · ±10% · vs last sale $10.10M (Aug 9 2021)
Last sale anchor
$10.10M
Aug 9 2021
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
$250 / 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
$49,547
Tax year 2022
Assessed value
$2,900,000
Assessed 2023
Previous assessed
$2,504,700
+15.8% YoY
Effective rate
1.71%
On assessed value
Assessed land
$260,000
Assessed improvement
$2,640,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2012
Heating
NONE
Buildings
5
Stories
1
Total area
36,295 SF
Lot
1.79 ac (78,147 SF)
Zoning code
SE
APN
0710-224-0310-0
UPID
US92-0284068
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
RETAIL STORES
Est. value
$12.7M
RESTAURANT
Est. value
$12.1M
COMMERCIAL (GENERAL)
Est. value
$10.7M
AUTO REPAIR, GARAGE
Est. value
$10.2M
OFFICE BUILDING
Est. value
$8.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.0M
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2012
Heating
NONE
Stories
1
Buildings
5
Lot
1.79 ac
Current owner
From public records · entity-resolved
Freeup Storage Madison LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 17120, GOLDEN, CO 80402-6019
Ownership since
2021
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 9, 2021
$10,100,000
Freeup Storage Madison LLC
Applewood Self Storage LLC
Warranty Deed
—
Feb 28, 2012
$230,000
Apple Wood Self Storage LLC
Anchorbank Fsb
Special Warranty Deed
$797,300 · First Bank Financial Centre
Oct 15, 2010
—
Anchorbank Fsb
Slb Dev LLC
Warranty Deed
—
—
—
Slb Dev LLC
—
Deed Of Trust
related
$125,000 · Anchor Bank Fsb
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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