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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3030 Ohmeda Dr Madison, WI 53718-6704

    • Manufacturing properties
    • 32,000 SF
    • 10.66 lot acres
    OFF-MARKET
    Last Sale
    Mar 23, 2022
    $3,090,000
    Value Estimations
    $2,945,000
    Show details
    Cap Rate Potential
    5%
    Manufacturing properties
    Location Intelligence
    Property ID
    US92-0873210
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • GE Healthcare / Medical Equipment Manufacturer

    Property Details for 3030 Ohmeda Dr

    Year built
    1970
    Lot size
    10.66 lot acres
    Property size
    32,000 SF
    Zone code
    IL
    Property type
    Manufacturing properties
    APN
    0710-234-0099-9
    APU
    71023400999

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,375,000
      ML approach
      $3,245,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,815,000
      6.5%
      $2,600,000
      7%
      $2,415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,336,000
      Market price range: $1.05M - $3.80M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,315,000
      Current use
      RETAIL STORES
      $4,530,000
      Change: +96% Conversion: Moderate
      MEDICAL BUILDING
      $3,030,000
      Change: +31% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,595,000
      Change: +12% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,450,000
      Change: +6% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.2753
    Latitude
    43.055
    CBSA code
    31540
    CBSA name
    MADISON, WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $126,383
    $649,200
    $6,240,100
    $6,889,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $840,000
      13,575 SF

      2558 Advance Rd

      MANUFACTURING (LIGHT) • 13,575 SF
      2558 Advance Rd, Madison, WI 53718-6702
      View Details
    • Value Estimation
      $360,000
      4,000 SF

      2317 Daniels St

      MANUFACTURING (LIGHT) • 4,000 SF
      2317 Daniels St, Madison, WI 53718-6705
      View Details
    • Value Estimation
      $510,000
      76.15 Acres

      6253 Buckeye Rd

      MANUFACTURING (LIGHT) • 76.15 Acres
      6253 Buckeye Rd, Madison, WI 53718
      View Details
    • Value Estimation by Request
      2.77 Acres

      2221 Mustang Way

      MANUFACTURING (LIGHT) • 2.77 Acres
      2221 Mustang Way, Madison, WI 53718-6767
      View Details
    • Value Estimation by Request
      30,000 SF

      4017 Owl Creek Dr

      Life science properties • 30,000 SF
      4017 Owl Creek Dr, Madison, WI 53718
      View Details
    • Value Estimation
      $3,375,000
      57.65 Acres

      2930 Ohmeda Dr

      MANUFACTURING (LIGHT) • 57.65 Acres
      2930 Ohmeda Dr, Madison, WI 53718
      View Details

    Similar Nearby for Sale

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      17,550 SF

      Industrial Property with Fenced Yard

      Industrial property featuring a main building and rear storage building.
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      Madison Industrial Land - $550K

      Prime 2.35-acre industrial lot in Madison, WI.
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      Madison Flex Space Investment Opportunity

      22,500 SF Multi-Tenant Industrial Building
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    • Contact for pricing
      13.00 Acres

      Madison Industrial Land - 13 Acres

      Prime industrial land, Madison, WI. Excellent location & utilities.
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      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      3,000 SF

      Industrial Space with Office

      6,000 SF industrial space with office for lease.
      4507-4529 Helgesen Dr, Madison, WI 53718
      View Details
    • $11 SF/Yr
      11,068 SF

      Industrial Space with Flexible Options

      Industrial space available from 3,000 to 17,068 square feet.
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      View Details
    • $9 SF/Yr
      14,000 SF

      Unheated Warehouse Space Available

      14,000 SF unheated warehouse space for lease.
      5821 Femrite Dr, Madison, WI 53718
      View Details
    • $7 SF/Yr
      2,550 SF

      Madison Flex Space For Rent

      2,550 sq ft flex space with offices and showroom.
      5301-5325 Voges Rd, Madison, WI 53718
      View Details
    • $8 SF/Yr
      10,344 SF

      New Flex Space For Lease

      New flex space available in multi-tenant building near Beltline.
      5152 Tradewinds Pkwy, Madison, WI 53718
      View Details
    • $8 SF/Yr
      21,106 SF

      Madison Warehouse - 21,106 SF

      New build-to-suit warehouse, Fall 2025 delivery.
      4846 Tradewinds Pkwy, Madison, WI 53718
      View Details
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    Madison, WI 53718-6704
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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