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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Banks
401 Segoe Rd Madison, WI 53705-3106
Entity Owned
8-yr Hold
Free & Clear
Property ID
US92-0703945
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1963
Total area
5,128 SF
Lot
2.81 ac (122,447 SF)
Zoning code
PD
APN
0709-201-2005-6
UPID
US92-0703945
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
-
BMO Harris Bank - Mortgage Banker (David Reddington) Loan Service
-
ATM (BMO Harris Bank) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$760k
Owner & transaction history
401 N Segoe LLC · 8 yrs held
401 N Segoe LLC
since 2017
1 recorded transaction
Zoning & alternative use
PD · Madison, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$940,000
+66.8%
Auto repair, garage
$810,000
+44.1%
Retail stores
$725,000
+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
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$565,000
Current use
RESTAURANT
$940,000
Change: +67% · Conversion: Difficult
AUTO REPAIR, GARAGE
$810,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$725,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$535,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$485,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$148 / 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
$162,976
Tax year 2022
Assessed value
$9,229,000
Assessed 2023
Previous assessed
$8,229,000
+12.2% YoY
Effective rate
1.77%
On assessed value
Assessed land
$5,435,000
Assessed improvement
$3,794,000
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
1963
Heating
NONE
Buildings
4
Stories
2
Total area
5,128 SF
Lot
2.81 ac (122,447 SF)
Zoning code
PD
APN
0709-201-2005-6
UPID
US92-0703945
Jurisdiction
DANE
Zoning & alternative use
PD · Madison, WI
Zoning PD · permitted uses
PD · 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
$565,000
RESTAURANT
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$810,000
RETAIL STORES
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$535,000
MEDICAL BUILDING
Est. value
$485,000
FINANCIAL BUILDING Current
RESTAURANT
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
1963
Heating
NONE
Stories
2
Buildings
4
Lot
2.81 ac
Current owner
From public records · entity-resolved
401 N Segoe LLC
Entity
Free & Clear · 8 yrs held
Mailing address
33 BOYLSTON ST #3000, CHESTNUT HILL, MA 02467-1731
Ownership since
2017
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
Oct 23, 2017
$7,315,000
401 N Segoe LLC
Bmo Harris Bk NA
Warranty Deed
—
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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