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Property profile & analytics
OFF-MARKET
Estimated value
$2,315,000
Commercial land
3201 Latham Dr Madison, WI 53713-4615
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US92-0943226
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1985
Total area
21,960 SF
Lot
1.94 ac (84,506 SF)
Zoning code
IG
APN
0609-022-0510-8
UPID
US92-0943226
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
-
Reach Dane - South Madison Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$2.32M
Owner & transaction history
Dane County Parent Council INC · 6 yrs held
Dane County Parent Council INC
since 2020
7 recorded transactions
Zoning & alternative use
IG · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district accommodates areas of heavy and concentrated fabrication and manufacturing and industrial uses
Zone name
Industrial General District
General category
INDUSTRIAL
Zone area
604.44 ac
Source
Realmo
Top alternative use upside
Warehouse, storage
$3.0M
+12.3%
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
COMMERCIAL (GENERAL)
$2,655,000
Current use
WAREHOUSE, STORAGE
$2,980,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$2.32M
Range $2.08M – $2.55M · ±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
$105 / 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
$100
Tax year 2022
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Total area
21,960 SF
Lot
1.94 ac (84,506 SF)
Zoning code
IG
APN
0609-022-0510-8
UPID
US92-0943226
Jurisdiction
DANE
Zoning & alternative use
IG · Madison, WIZoning IG · permitted uses
IG · Madison, WI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district accommodates areas of heavy and concentrated fabrication and manufacturing and industrial uses
Zone name
Industrial General District
General category
INDUSTRIAL
Zone area
604.44 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$3.0M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1985
Heating
NONE
Stories
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
Dane County Parent Council INC
Entity
Free & Clear · 6 yrs held
Mailing address
2096 RED ARROW TRL, FITCHBURG, WI 53711-4723
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2020
—
Dane County Parent Council INC
—
Deed
related
$300,000 · Miscellaneous Govt Agcy
May 12, 2020
$1,450,000
Dane County Parent Council INC
Bmh Properties LLC
Grant Deed
—
Feb 21, 2019
—
Bmh Properties LLC
—
Deed
related
$4,185,057 · State Bk/cross Plains
May 24, 2012
$860,000
Bmh Properties LLC
Anchorbank Fsb
Grant Deed
$500,000 · Associated Bank
Feb 7, 2012
—
Anchorbank Fsb
Sheriff Of Dane County
Trustees Deed
related
—
—
—
Bmh Properties LLC
—
Deed Of Trust
related
$4,185,057 · State Bk/cross Plains
—
—
Bmh Properties LLC
—
Deed Of Trust
related
$100,000 · State Bk/cross Plains
—
—
Bmh Properties LLC
—
Deed Of Trust
related
$400,000 · State Bk/cross Plains
—
—
Bmh Properties LLC
—
Deed Of Trust
related
$467,350 · State Bk/cross Plains
—
—
Dane County Parent Council INC
—
Deed Of Trust
related
$300,000 · Miscellaneous Govt Agcy
—
—
Focuscorp INC
—
Deed Of Trust
related
$161,346 · Karen R Reibetanz
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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