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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Banks
3609 University Ave Madison, WI 53705-2142
Entity Owned
21-yr Hold
Free & Clear
Property ID
US92-1197367
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1970
Total area
4,856 SF
Lot
0.72 ac (31,378 SF)
Zoning code
CC-T
APN
0709-201-0416-7
UPID
US92-1197367
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
-
U.S. Bancorp Investments - Financial Advisors: Justin Gasser Financial Advisor
-
U.S. Bank Branch Bank Loan Service
-
U.S. Bank-TJ Sainsbury-Mortgage Loan Officer Loan Service Bank
-
US Bank Mortgage Loan Service Bank
-
U.S. Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$607k
Blend (final)
Blend
$530k
Owner & transaction history
3609 University Avenue LLC · 21 yrs held
3609 University Avenue LLC
since 2004
3 recorded transactions
Zoning & alternative use
CC-T · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$770,000
+44.1%
Retail stores
$690,000
+28.8%
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
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$535,000
Current use
AUTO REPAIR, GARAGE
$770,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$690,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$505,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$460,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$109 / 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
$26,131
Tax year 2022
Assessed value
$1,323,000
Assessed 2023
Previous assessed
$1,323,000
+0.0% YoY
Effective rate
1.98%
On assessed value
Assessed land
$688,000
Assessed improvement
$635,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Stories
1
Total area
4,856 SF
Lot
0.72 ac (31,378 SF)
Zoning code
CC-T
APN
0709-201-0416-7
UPID
US92-1197367
Jurisdiction
DANE
Zoning & alternative use
CC-T · Madison, WI
Zoning CC-T · permitted uses
CC-T · 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
FINANCIAL BUILDING Current
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$770,000
RETAIL STORES
Est. value
$690,000
COMMERCIAL (GENERAL)
Est. value
$505,000
MEDICAL BUILDING
Est. value
$460,000
FINANCIAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1970
Heating
NONE
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
3609 University Avenue LLC
Entity
Free & Clear · 21 yrs held
Mailing address
PO BOX 460169, HOUSTON, TX 77056-8169
Ownership since
2004
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
Oct 19, 2004
—
3609 University Avenue LLC
Duncan,phyllis K
Quit Claim Deed
related
—
—
—
Charles J Wiesen
—
Deed Of Trust
related
$21,090 · Us Bank NA
—
—
3609 University Avenue LLC
—
Deed Of Trust
related
$1,200,000 · Ameritas Life Insurance Corp
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
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