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Property profile & analytics
OFF-MARKET
Commercial land
3205 Latham Dr Madison, WI 53713-4615
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US92-1219560
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1993
Total area
4,200 SF
Lot
0.46 ac (20,081 SF)
Zoning code
IG
APN
0609-022-0512-4
UPID
US92-1219560
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
-
Tec Damage Appraisers Real Estate Agency
-
Rob White Insurance Associates Insurance Agency
-
Madison Cat Project Animal Shelter Pet Adoption Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dane County Friends Of Ferals INC · 6 yrs held
Dane County Friends Of Ferals INC
since 2020
Last sale
$390,000
3 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
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
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
1993
Heating
NONE
Stories
1
Total area
4,200 SF
Lot
0.46 ac (20,081 SF)
Zoning code
IG
APN
0609-022-0512-4
UPID
US92-1219560
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
Building & site characteristics
From public records
Year built
1993
Heating
NONE
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Dane County Friends Of Ferals INC
Entity
Mailing address
3205 LATHAM DR, MADISON, WI 53713-4615
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2025
—
Dane County Friends Of Ferals INC
—
Deed
related
$310,955 · Lake Ridge Bank
Apr 2, 2021
—
Dane County Friends Of Fields INC
—
Deed
related
$180,000 · Monona State Bank
Feb 28, 2020
$390,000
Dane County Friends Of Ferals INC
Richard & Mary White Revocable Trus
Deed
$285,000 · Monona State Bank
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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