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Property profile & analytics
OFF-MARKET
Estimated value
$17,155,000
Grocery and convenience stores
3817 Milwaukee St Madison, WI 53714-2403
Entity Owned
4-yr Hold
Free & Clear
Property ID
US92-1186045
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1978
Total area
78,300 SF
Lot
14.35 ac (624,955 SF)
Zoning code
CC WP-11
APN
0710-043-0916-0
UPID
US92-1186045
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
-
The Nathan Asphalt Paving And Sealcoating General Contractor Construction Company
-
Woodman's Liquor Store (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
ATM Atm
-
Woodman's Food Market Grocery & Convenience Store Food Market
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.16M
Owner & transaction history
Woodmans Food Market INC · 4 yrs held
Woodmans Food Market INC
since 2022
1 recorded transaction
Zoning & alternative use
CC WP-11 · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$18,665,000
6.5%
$17,230,000
7%
$16,000,000
Alternative Use
Use
Estimation
RETAIL STORES
$27,485,000
Current use
RESTAURANT
$26,095,000
Change: -5% · Conversion: Easy
COMMERCIAL (GENERAL)
$23,020,000
Change: -16% · Conversion: Easy
AUTO REPAIR, GARAGE
$22,070,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$17.16M
Range $15.44M – $18.87M · ±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
$219 / 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
$243,545
Tax year 2022
Assessed value
$12,905,000
Assessed 2023
Previous assessed
$12,295,000
+5.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$2,360,000
Assessed improvement
$10,545,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1978
Heating
NONE
Buildings
3
Stories
1
Total area
78,300 SF
Lot
14.35 ac (624,955 SF)
Zoning code
CC WP-11
APN
0710-043-0916-0
UPID
US92-1186045
Jurisdiction
DANE
Zoning & alternative use
CC WP-11 · Madison, WI
Zoning CC WP-11 · permitted uses
CC WP-11 · 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 Current
Est. value
$27.5M
RESTAURANT
Est. value
$26.1M
COMMERCIAL (GENERAL)
Est. value
$23.0M
AUTO REPAIR, GARAGE
Est. value
$22.1M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1978
Heating
NONE
Stories
1
Buildings
3
Lot
14.35 ac
Current owner
From public records · entity-resolved
Woodmans Food Market INC
Entity
Free & Clear · 4 yrs held
Mailing address
2631 LIBERTY LN, JANESVILLE, WI 53545-0741
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2022
—
Woodmans Food Market INC
Woodmans Food Market INC
Intrafamily Transfer
related
—
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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